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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.
An independent contractor is a driver with a contractual relationship with a carrier, or a company that transports freight. The carrier guarantees work for the driver and provides them with necessities for transport, such as liability insurance, a toll pass and the right to operate a commercial vehicle.
In addition, common carriers are restricted in the rates they can set, while contract carriers can negotiate the rate they want with a shipper. An example of a common freight carrier is FedEx (they are also a contract carrier), and DHL is an example of a contract carrier.
How to Write a Contractor Agreement Outline Services Provided. The contractor agreement should list all services the contractor will provide. ... Document Duration of the Work. Specify the duration of the working relationship. ... Outline Payment Terms. ... Outline Confidentiality Agreement. ... Consult with a Lawyer.
Common carrier means a person holding itself out to the general public to provide transportation for compensation. Contract carrier means a person providing transportation for compensation under continuing agreements with one person or a limited number of persons.