Transportation Co-Broker Agreement

Unless the parties inquire in writing about the increase in freight values prior to the carriage of a shipment, the parties` commitments for loss and damage to cargo shall not exceed $250,000 for a shipment. TDIS is a wholesale transport company that sells to companies operating under an MC or DOT number. TDIS does not sell directly to a sender or consignee introduced by Broker A. This no-poating provision applies for the duration of this Agreement and for a period of one (1) year from the date of termination of the Agreement, for any reason. The services of a broker are not limited by assets, but by his imagination to adapt and adapt to situations. Therefore, its capabilities can be enhanced by using the capabilities of other brokers. When brokers work together, it`s usually because one has the ability to complement what the other is currently lacking. The quintessence is that co-brokerage gives brokers the opportunity to adapt and adapt to unknown situations. Before doing business with another broker, you need to perform proper due diligence in order to do some research and get to know the company you are considering. This is a very important step that should not be overlooked.

There are contracts that have been specifically designed for co-brokerage and that indicate what each part of the transaction can expect from the other. In addition, co-brokerage can generate a profit from a trade that your broker would otherwise have refused. After all, you`re in business doing business, not turning down business. If you don`t use your client, it will be done by someone else. Double mediation really has no benefit – only the risks. Due to the intrinsic nature of the transaction, double brokerage is not the same as co-brokerage. The main advantage of co-brokerage is the follow-up of your customers. This proves that your broker has the resources available to process all their requests. If done correctly, there is absolutely nothing wrong with co-brokerage, as long as the transaction is done in accordance with the authorization of the original broker. Collaboration in a co-brokerage relationship benefits both brokers and the first client.

All parties involved should have the satisfaction of a job well done by providing a customer and making a profit. The alternative would be to leave the money on the table for the competition to take. “TIA is honored to continue to make these invaluable resources available to our members for the benefit of members. I applaud the Treaty Committee and President James Lee`s leadership for their tireless efforts to keep these model agreements up-to-date and relevant to our members,” said Chris Burroughs, TIA Vice President of Government Affairs. . . .

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