Signed Rate Con

Discussion in 'Freight Broker Forum' started by DSK333, Sep 28, 2018.

  1. DSK333

    DSK333 Road Train Member

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    Who gets the broker to sign them? In the last three months I've only seen TWO.
     
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  3. Rideandrepair

    Rideandrepair Road Train Member

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    That’s what I’d like to know!! I’ve had them do it a few times, but no longer worry about it as a lot don’t need a signed one back
     
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  4. DSK333

    DSK333 Road Train Member

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    I've been reading a lot about freight contract negotiations and law. One reoccurring theme is that both parties must sign to be legal and binding. However, it seems like I'm always the one signing but they don't even sign their own contracts. Filed my first surety bond claim on Interstar and that's what sparked all of this new found interest. The bond holders are clearly almost as crooked as the brokers.
     
  5. 8thnote

    8thnote Road Train Member

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    A rate confirmation signed by the broker is not really necessary, but I would make sure you have their signature an the broker-carrier agreement before you pull a load for them.
     
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  6. DSK333

    DSK333 Road Train Member

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    Even after I've put my terms on it? That's where it gets gray. I had an ITS Surety Bond agent tell me that I can add things on my invoice that benefit the Broker and that's ok but if they benefit me it's a no-go. This really got me thinking about the nitty gritty legalities involved here.
     
  7. 8thnote

    8thnote Road Train Member

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    I would say that if you modify the terms on the rate confirmation, that would be an exception. I would definitely have them sign it in that case.
     
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  8. TallJoe

    TallJoe Road Train Member

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    I asked the same question one way or another maybe 100 times here too. Never got any clear answer. In my logic, the rate con should be signed and sent by the broker to the carrier and then the carrier sings it and sends it back. If there are any amendments to accessorials that are different from what it is stated in the carrier-broker agreement, then they should initial or sign it too - acknowledging it and send it yet one more time back to the carrier, so he has it in case the broker denies anything extra on the rate con.
    Of course this would be a pain in a ### to go through this back and forth routine, so we often take risks and hope that they are trustworthy.Many of the brokers I deal with, don't even care about receiving a rate con signed by me, they just want me to verbally acknowledge that I got it in my email.
     
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  9. DSK333

    DSK333 Road Train Member

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    Agreed. I just don't like getting in a situation when an accessorial such as detention comes up after I've been at the Shipper for almost two hours. I've left their freight sitting every time we couldn't see eye to eye on the rate. Plenty of down right ignorant POS brokers saying things on the phone they wouldn't have the huevos to say to my face. Trying to stop this type of thing from happening in the future. I'm also considering reducing the "free" two hours to just one. I've began using it in my negotiations and so far the results have been positive.
     
    Last edited: Oct 3, 2018
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  10. afterburn25

    afterburn25 Medium Load Member

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    I have never had to add terms to a broker before I just ran with whatever terms they had set forth. But my situation was different then as i was working with a broker exclusivly he know what I expected and went out of his way to get me the best deal he could get me. never had an issue. But since things have gotten so slow I have been having to hit the load boards and taking loads from other brokers. Now its got me thinking. and running for these brokers with one sided contracts is starting to hurt me as im getting screwed alot

    I would be interested in learning what terms others are putting into the rate cons that help protect them.
     
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  11. DSK333

    DSK333 Road Train Member

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    Don't let them screw you. Brokers are a dime a dozen. Everything will be one sided if the Carrier never refutes any of it. Have to nip it in the bud from the beginning. The main things I focus on are detention and TONU on the rate con. The other things like payment terms, delays, fees/penalties etc are all handled during the actual setup process in the Broker Carrier Agreements.
     
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