A Trailer Interchange Agreement is a legal document used in the transport industry that details the terms and conditions of the exchange of one or more trailers between two parties. This agreement outlines the responsibilities of each party, the duration of the agreement, and the cost of the agreement. It also outlines the safety requirements, insurance coverage, and maintenance of the trailers being exchanged. There are two types of Trailer Interchange Agreements: a Non-Reciprocal Agreement and a Reciprocal Agreement. A Non-Reciprocal Agreement is when one party provides the trailer to the other party and the other party is not required to provide a trailer in return. A Reciprocal Agreement is when both parties provide a trailer to each other in exchange for one another.
Trailer Interchange Agreement
Description
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FAQ
A trailer interchange agreement makes the motor carrier?the trucker hauling the trailer?responsible for any physical damage to the trailer. Businesses involved in trailer interchange agreements may require those truckers to have trailer interchange insurance.
Is trailer interchange the same as cargo insurance? Trailer interchange coverage is not the same as cargo insurance. While trailer interchange coverage protects carriers if a non-owned trailer is damaged while in their possession, cargo insurance covers the cargo they are transporting.
Trailer Interchange (TI) Trailer interchange extends to damage(s) while the non-owned trailer is in your care, custody, or control but requires a written agreement between your company and the owner of the trailer to be in force.
Trailer Interchange (TI) Trailer interchange extends to damage(s) while the non-owned trailer is in your care, custody, or control but requires a written agreement between your company and the owner of the trailer to be in force.
A trailer interchange agreement is a contract that arranges to transfer a trailer from one trucker to another to complete a shipment. Typically, the trucker in possession of the trailer is responsible for paying any damages that are incurred while they have the trailer.
An interchange agreement is between trucking companies wherein Company A has possession of Company B's trailer or equipment and agrees to be responsible for loss to such while in A's possession.
A trailer interchange agreement is a contract that arranges to transfer a trailer from one trucker to another to complete a shipment. Typically, the trucker in possession of the trailer is responsible for paying any damages that are incurred while they have the trailer.
The average limit for trailer interchange coverage is between $20,000 and $30,000, with a deductible of $1,000. To select the right limit, you'll need to know the trailer's actual cash value. The insurance company will only pay out the value of the trailer in the event of a total loss, not the policy maximum.
