Sandbox hauling and settlement checks

cprems · Nov 1, 2018

TankerYankr said: ↑

§376.12 Lease requirements.

(f) Payment period. The lease shall specify that payment to the lessor shall be made within 15 days after submission of the necessary delivery documents concerning a trip in the service of the authorized carrier. The documentation required before the lessor can receive payment is limited to log books required by the Department of Transportation and those documents necessary for the authorized carrier to secure payment from the shipper. In addition, the lease may provide that, upon termination of the lease agreement, as a condition precedent to payment, the lessor shall remove all identification devices of the authorized carrier and, except in the case of identification painted directly on equipment, return them to the carrier. If the identification device has been lost or stolen, a letter certifying its removal will satisfy this requirement. Until this requirement is complied with, the carrier may withhold final payment. The authorized carrier may require the submission of additional documents by the lessor but not as a prerequisite to payment. Payment to the lessor shall not be made contingent upon submission of a bill of lading to which no exceptions have been taken. The authorized carrier shall not set time limits for the submission by the lessor of required delivery documents.
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They paid up! It took a threat of legal action but we got paid.

reg123 · Nov 1, 2018

Frac Sands Haulers

Sand haulers of America

Skypilotj · Nov 1, 2018

Thank you

TankerYankr · Nov 2, 2018

cprems said: ↑

They paid up! It took a threat of legal action but we got paid.
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Good for you!!!

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