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What is the difference between a bill of lading and a rate confirmation?

The rate confirmation is provided by the brokerage agent and is also called a rate sheet or rate con, for short. Bill of Lading BOL, for short, is essentially a receipt of cargo that passes the responsibility of the cargo to the carrier while its in transit.

Is a rate confirmation legally binding?

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.

What is a rate confirmation email?

A rate confirmation is a document that spells out the agreed-upon shipping rates between two parties. Its essentially a contract that ensures both sides are on the same page when it comes to pricing.

What is rate of confirmation?

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. Brokers can provide this information via their contract if they use DAT Onboard with Assurasign.

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.

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What is the rate of confirmation?

A document between a shipper or freight broker and a carrier that details the rate being paid to transport a shipment of goods.

What is a rate confirmation for a shipper?

The freight rate confirmation is an agreement between the shipper, third-party provider, if present, and carrier that details the shipment rates. All brokers must provide rate confirmations to carriers before pick-up. That critical function helps to avoid surprises in billing.

What is the difference between a rate confirmation and a bill of lading?

The rate confirmation is provided by the brokerage agent and is also called a rate sheet or rate con, for short. Bill of Lading BOL, for short, is essentially a receipt of cargo that passes the responsibility of the cargo to the carrier while its in transit.

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What is the difference between a bill of lading and a rate confirmation?

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