Reply to Thread

Message:: [QUOTE="G/MAN, post: 3506946, member: 48687"]A factor will require the rate confirmation, signed bill of lading and any other paperwork related to the load. The rate confirmation has the broker's name and address, rate that the broker is paying you, shipper information, consignee information, and any other information relevant to the load. The rate confirmation may also have other conditions which may apply to the load. The bill of lading is usually supplied by the shipper and has all the information about the load, such as number of units shipped, weight, size and any other descriptive information. It also has the shipper and delivery information along with the name of the carrier or broker. Some factors use their own invoices and others may require that the carrier furnish an invoice. Some factors may advance funds on a part of the load once it has been picked up by the carrier. Most will not advance any funds until they receive proof that the load has been delivered. As long as all the paperwork is in order and legible, they should pay the carrier within 24-48 hours.[/QUOTE]