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BROKER CARRIER AGREEMENT This Transportation Agreement (the Agreement), is entered into this day of, 20 by and between (herein aft her referred to as BROKER) and (hereinafter referred to as CARRIER

How to fill out broker shipper packet form

How to fill out Jencor Logistics Broker - Carrier Agreement

1. Obtain the Jencor Logistics Broker - Carrier Agreement form from the Jencor website or your representative.
2. Fill in the carrier's legal name in the designated section.
3. Provide the Carrier's contact information, including address, phone number, and email.
4. Enter the MC (Motor Carrier) number issued by the FMCSA.
5. List the types of services the Carrier offers, such as freight trucking or logistics.
6. Include any applicable insurance information, such as the type of coverage and policy numbers.
7. Specify the payment terms, including rates, invoicing frequency, and acceptable payment methods.
8. Review the terms and conditions of the agreement carefully, ensuring you understand the responsibilities and liabilities.
9. Sign and date the agreement at the end of the document along with the authorized signatory's name and position.
10. Send the completed agreement back to Jencor Logistics for processing.

Who needs Jencor Logistics Broker - Carrier Agreement?

1. Freight carriers looking to partner with logistics companies for transportation services.
2. Independent truck operators or fleet owners intending to formalize business agreements.
3. Logistics and brokerage firms requiring a documented agreement for operational compliance.
4. Companies seeking to establish legal terms for service provision and liability coverage.

Video instructions and help with filling out and completing logistics broker carrier agreement

Instructions and Help about broker carrier packet pdf

Hi brokers I'm Cassandra Gaines This video is to help you when you receive a shipper Carrier contract, and you're a broker You don't have carrier Authority We all know in our industry You're not supposed to sign an agreement holding yourself out as a carrier It's some of the highest risks in our industry So This video will give you some tips and tricks first It seems obvious But train your salespeople I want to do when they receive a shipper carrier agreement Try for example Try not to have a contract at all with the customer if that doesn't work ask the customer how normally internally they handle these agreements when brokers want to make edits and when other brokers have addressed the issue of Hey we're not a carrier were a broker If the customer comes back and says that no edits are allowed do you forgo the business I Would tell you to have an analysis already in place and teach your salespeople to do the same They should come to you as a leader with the estimated business the lanes the commodity the value Anticipated value of the goods if possible And you guys should have a holistic Conversation on whether you want to accept the risk of signing a broker carrier contract and holding yourself out as a carrier some brokers decide that if the Income the potential revenue is high enough The risk is worth taking on if that's the case I then develop procedures I've worked in house for numerous brokers and I have also been outside counsel for numerous brokers I love procedures and the reason why is that if you're moving fast and you're growing fast procedures keep you from losing money Develop procedures if you sign a carrier ship or carrier contract holding yourself out as a carrier Make sure you put a reminder your calendar to check out the volume of this business to see if the revenue has made The risk worthwhile sometimes we sign these contracts and then six months to eight months pass, and we really haven't received much volume That is a different analysis You may decide that you don't want to take any shipments at all because the risk is not worth the revenue you're receiving Also another internal procedure make sure that no one is signing these agreements except for the appropriate folks Have an escalation policy that way you're not surprised later on when the agreement has been signed and no one had that holistic conversation that everyone needs to have about these agreements the reason why is often these agreements require You to be the carrier and be responsible for any in all loss you're risking your business You're risking your insurance, and you're risking your authority as well The other thing I am a compliance Guru I love compliance carrier compliance I love vetting carriers I think it's an art I don't think it's something you delegate, and you just leave to an electronic Platform such as our Miss I think it's something you supplement it with So when you have a contract that you've signed as a shipper Carrier contract and the...

People Also Ask about broker shipper packet template

What is a broker shipper packet?

What is a carrier packet in trucking? In some cases, a carrier packet might be called a broker packet. Brokers send a collection of documents in a package to facilitate carrier setup and to help approve them to haul freight. The carrier fills out the various contracts and documents and returns them to the broker.

What is a freight broker shipper packet?

The shipper-broker agreement outlines the terms and conditions of the working relationship between the shipper and the broker. It includes details about the duration of the contract, which services the broker will provide the shipper, and the amount and types of carrier insurance required.

What should be included in a shipper packet?

What's included in a carrier packet? Broker-carrier agreement. Completed W-9 form. Liability insurance. Copy of MC operating authority. Safety rating documentation. Broker bonds. Transportation licensing. Invoicing procedures.

Why should you include a W-9 form in your shipper packet?

By providing an accurate W-9 form, you ensure that the individual or business paying you reports the income to the IRS correctly. The information is also reflected on the 1099-NEC (formerly 1099-MISC) you receive so you can file your own returns.

Is there a load board for brokers to find shippers?

Load boards are web-based programs that connect shippers and carriers. Shippers can post the loads they need delivered on digital bulletin boards, where they are visible to carriers and freight brokers.

What should your broker shipper contract include?

Shipper-broker agreement The shipper-broker agreement outlines the terms and conditions of the working relationship between the shipper and the broker. It includes details about the duration of the contract, which services the broker will provide the shipper, and the amount and types of carrier insurance required.

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What is Jencor Logistics Broker - Carrier Agreement?

The Jencor Logistics Broker - Carrier Agreement is a contractual document that outlines the terms and conditions under which a logistics broker and a motor carrier will engage in freight transportation services.

Who is required to file Jencor Logistics Broker - Carrier Agreement?

Both logistics brokers and carriers that wish to establish a professional relationship and operate under the Jencor Logistics framework are required to file the agreement.

How to fill out Jencor Logistics Broker - Carrier Agreement?

To fill out the Jencor Logistics Broker - Carrier Agreement, both parties should provide their legal business names, addresses, and necessary licensing information, along with specific terms regarding rates, services, and obligations.

What is the purpose of Jencor Logistics Broker - Carrier Agreement?

The purpose of the Jencor Logistics Broker - Carrier Agreement is to establish a clear and legally binding framework that governs the relationship between the broker and the carrier, ensuring mutual understanding and compliance.

What information must be reported on Jencor Logistics Broker - Carrier Agreement?

The Jencor Logistics Broker - Carrier Agreement must report information such as company details, licensing information, service rates, insurance coverage, and liability terms.