1. BROKER agrees to offer for shipment and CARRIER agrees to transport in its own equipment, quantities of freight agreed to by both CARRIER and BROKER.
2. CARRIER shall comply with the financial responsibility, and legal requirements of the appropriate federal and state laws and regulatory agencies through which it is authorized to operate. CARRIER shall maintain primary cargo insurance in an amount equal to the full value of the maximum value of goods to be transported at any one time under this agreement, with a minimum insurance of $150,000.00 required. CARRIER shall also maintain primary liability insurance in an amount sufficient to cover all liability risk associated with activities related to this agreement, not to be less than $1,000,000.00. CARRIER shall maintain worker’s compensation coverage for all personnel employed by CARRIER in connection with this agreement. CARRIER agrees to provide a certificate of liability and cargo to BROKER and to name BROKER as a “Certificate Holder” on cargo and liability policies.
3. CARRIER shall procure and maintain at its sole cost or expense the following insurance coverages:
a. All Risk Broad Form Motor Truck Cargo Legal Liability Coverage in an amount not less than the full value of the maximum value of goods to be transported at any one time under this agreement, with a minimum of $150,000 required. The coverage provided under the policy shall have no exclusions or restrictions of any type that would foreseeably preclude coverage relating to cargo claims including, but not limited to, exclusions for unattended or unattached trailers, theft, commodities transported under this Agreement, refrigeration breakdown or lack of refrigerator fuel.
4. In the event CARRIER leases a tractor and/or trailer from BROKER the CARRIER is responsible for any loss or damage to the tractor and/or trailer while in the CARRIER’s possession and CARRIER agrees to carry a minimum of eighty thousand dollars ($80,000) in non-owned tractor and/or trailer physical damage coverage. The CARRIER understands and agrees that the policy must name BROKER as a loss payee and as Additional Insured.
5. BROKER agrees to remit payment to carrier within 21 days of receipt of an original, cleanly signed bill of lading. CARRIER shall be liable to BROKER and/or Shipper for any loss or damaged notated on bill of lading. Any additional charges to BROKER must be approved in writing by BROKER.
6. CARRIER shall be responsible to comply with all applicable ICC and DOT regulations as well as all other federal and state regulations pertaining to the operations of a motor carrier.
7. CARRIER agrees to hold BROKER harmless from and indemnify BROKER for any liability resulting from loss or damage to any freight transported by CARRIER pursuant to this agreement, including all cost to defend claims. CARRIER also agrees to hold BROKER harmless from and indemnify BROKER for any liability resulting from personal injury or property damage which may occur during the operations of carrier pursuant to this agreement, including all cost to defend claims.
8. CARRIER, without the prior written consent of BROKER, shall not cause or permit any shipment tendered hereunder to be brokered to or transported by any other motor carrier.
This AGREEMENT made this
day of
, 20
, by and between
, an Interstate Commerce Commission (ICC) authorized MOTOR CONTRACT CARRIER licensed under Permit No. MC
, hereinafter referred to as “CARRIER” and CSquare USA, an ICC authorized property broker under license No. MC 1708697 hereinafter referred to as “BROKER”.