The Owner Operator Contract with Carrier Lease Agreement in Queens is a formal arrangement between a contractor, typically a truck driver, and a carrier, outlining the terms of transportation services. This document specifies the responsibilities of both parties, including insurance requirements, payment terms, and liability clauses. It mandates that the contractor maintain adequate liability and cargo insurance, while the carrier will manage invoicing and payment procedures for shipments. The agreement emphasizes the contractor's independent status while granting the carrier authority to act on behalf of the contractor with respect to freight charges. Additionally, it includes provisions for resolving cargo claims, managing delays, and maintaining compliance with federal regulations. The target audience, such as attorneys, partners, owners, associates, paralegals, and legal assistants, will benefit from this document as it provides a clear framework for operating within the trucking industry, ensuring legal protections, and defining contractual obligations related to transportation and service delivery.