Master Lease Agreement 49 C.f.r. Part 376 Form

(a) the lease of equipment that can be used by the transport secretary. 1. During the lease period, the carrier must indicate the equipment in accordance with the requirements of the FMCSA in 49 CFR, part 390 of this chapter (vehicle identification). c) Exclusive ownership and responsibilities. 1. The lease stipulates that the licensed carrier is exclusively in possession, control and use of the equipment for the duration of the lease. The lease also provides that the licensed carrier assumes full responsibility for the operation of the equipment during the duration of the lease. b) the operating authority. Carriers participating in the connecting option are registered with the secretary to transport the goods to the place where the physical exchanges take place. (d) any type of trailer that is not pulled by a group rented by the same owner.

(f) payment deadline. The lease agreement stipulates that payment to the lessor is made within 15 days of the presentation of the necessary delivery documents through a trip to the service of the authorized carrier. The documents required before the lessor can receive the payment are limited to the logbooks required by the Department of Transport and the documents necessary for the authorized carrier to ensure payment to the sender. In addition, the lease agreement may provide that in the event of termination of the lease, the lessor removes all the identification devices of the approved carrier and returns it to the carrier, except in the case of a lase identification directly on the equipment. If the identification device has been lost or stolen, a letter confirming its removal meets this requirement. Until this requirement is met, the carrier can withhold the final payment. The authorized carrier may request that the lessor provide additional documents, but not as a precondition for payment. Payment to the lessor does not depend on the presentation of a bill of lading on which no exceptions have been made.

The approved carrier cannot set a deadline for the rental company to present the necessary delivery documents. (j) private carriers. A person other than a forcer who transports goods using a motor vehicle in interstate or foreign trade, if (1) the person owns, rents or judges the property transported; and (2) the property is transported for the sale, rental, rental or promotion of a commercial enterprise. With the exception of the replacement of equipment in accordance with the provisions of page 376.31 and the exemptions in subsection C of these rules, the authorized carrier may carry out the authorized transport of equipment that it does not possess only under the following conditions: (d) compensation to be specified. The amount payable by the licensed carrier for equipment and driving services must be clearly stated within the scope of the lease agreement or in an endorsement attached to the lease agreement. This lease or endorsement agreement is served on the lessor before the start of a trip to the service of the licensed carrier. An authorized representative of the lessor may accept these documents. The amount payable may be expressed as a percentage of gross sales, in flat rate per mile, in variable rates depending on the direction or type of goods transported, or on the basis of another compensation agreed by the parties.

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