Hello guys my name is Vlad. Welcome or welcome back to my channel. Some of you left a comment asking me to make a video showing how to sign a broker carrier agreement so in this video, I wanted to talk about getting set up with the broker signing the agreement. What needs to be done, what files needs to be exchanged, and so on. So, if you guys are ready, let's get started. For example, you see a load on a load board, and you call a broker, and you agree with them that you want to hold that load for them. They are going to ask you for your MC number, the motor carrier number, and make sure that number is active and in good standing. Then, they're going to check their database and let's say they're going to see that you are not set up with them which means that you've never done any work with them. They're going to ask you to get set up which means to sign the carrier agreement. This is how this works in order for that broker to want to work with you. You will have to provide them in the documents you have to send them your MC certificate, you also have to send them your active insurance, you have to sign a W9 giving them permission to send you tax documentation on the end of the year for all the money that they paid you for the work you've done for them, and also for example, we in our company and I know that 99 of the companies work with factoring companies. You would have to give them a notice of assignment letter that you received from your factoring company, showing them that this broker is actually going to send...
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About Broker Carrier agreement Form
A Broker Carrier Agreement form is a legal document that outlines the terms and conditions of the agreement between a freight broker and a carrier. It includes important details such as the types of goods to be transported, the routes to be taken, payment terms, and liabilities and responsibilities of both parties. The form specifies the rules to be followed by the carrier with respect to pick-up and delivery time, agreed rates and mode of payment. It also outlines the responsibility of the broker for verifying the Carriers compliance with all applicable regulations and carrier is compliant with insurance requirements. This agreement is necessary for transportation companies that act as brokers for shippers. These companies need to work with carriers to offer their services and ensure timely delivery of goods, and the agreement ensures that both parties understand the terms and conditions of the arrangement. In short, a broker carrier agreement is essential for any transportation service provider that needs to work with carriers to transport goods.
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