Authority Lease Agreement
To ensure that your MC Authority leasing agreement goes smoothly, you are convening mc Authority leasing specialists here as Sky transportation solutions. IF YOU NEVER SIGNED ONE, so if you have any questions, call us. (f) payment deadline. The lease stipulates that payment to the lessor is made within 15 days of the presentation of delivery documents and other necessary documents relating to a trip to the service of the authorized carrier. The documents required before the owner can receive the payment are limited to the logbooks required by the Department of Transport and the documents necessary for the authorized carrier to ensure payment to the sender. In addition, the lease agreement may provide that in the event of termination of the lease, the lessor removes all the identification devices of the approved carrier and returns it to the carrier, except in the case of a lase identification directly on the equipment. If the identification device has been lost or stolen, a letter confirming its removal meets this requirement. Until this requirement is met, the carrier can withhold the final payment. The authorized carrier may request that the lessor provide additional documents, but not as a precondition for payment. Payment to the lessor does not depend on the presentation of a bill of lading on which no exceptions have been made. The approved carrier cannot set a deadline for the rental company to present the necessary delivery documents and other documents. b) the specific duration. The lease sets the time and date or circumstances in which the lease begins and expires.
These periods or circumstances coincide with the receipts in the . 376, paragraph 11, point b) (a) parties. The lease agreement is between the licensed carrier and the owner of the equipment. The lease agreement is signed by these parties or their authorized representatives. (k) Trust funds. Where trust funds are required, the lease agreement must include: (l) copies of the lease.