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A document between a shipper or freight broker and a carrier that details the rate being paid to transport a shipment of goods. See also Load Confirmation.
What is a Ratecon and who issues this?
A rate confirmation is an agreement of pay between the freight broker and carrier that is legally binding. A freight broker must provide a rate confirmation for the carrier to sign before proceeding.
Is a rate confirmation legally binding?
Rate confirmations This document is legally binding and ensures that the shipping carrier cant overcharge you while outlining how much youre obligated to pay for the service. Rate confirmations are often ongoing, so you dont have to renegotiate for each shipment.
What is the difference between a load tender and a rate confirmation?
Load tenders are detailed agreements about the consignee that will receive freight. Tenders include descriptions of the freight, weights and measurements, and pertinent contact information. Rate confirmations are a form of contract that legally binds all parties to the agreed-upon brokerage rate for freight.
What is a rate and load confirmation?
A rate confirmation trucking form is a document used for providing the load details for the carriers whom you have addressed. It acts as the rate and load data confirmation.
For mail orders, the price is $2 per issue, plus six 320 stamps for postage. Limited copies of issues 8-12 are still available at discounted prices. Mailing
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