Carrier contracting is the process of establishing a contractual relationship between an organization (shipper) and a courier company that provides transportation services. This agreement outlines the rights, duties, responsibilities, and compensations of both parties when it comes to the movement of goods from one place to another. Carrier contracting is an important step for shippers in order to ensure their shipments arrive on time, securely, and at convenient rates.
Table Of Content:
- Contract Carrier Legal Definition | Merriam-Webster Law Dictionary
- Free Carrier (FCA) Definition
- Common carrier - Wikipedia
- Ex Works (EXW) Definition: How Does It Work?
- Incoterms - Wikipedia
- CONTRACT CARRIER | meaning in the Cambridge English Dictionary
- Incoterms® 2010 - ICC - International Chamber of Commerce
- Waybill - Wikipedia
- Southwest Airlines Contract of Carriage
- Glossary
1. Contract Carrier Legal Definition | Merriam-Webster Law Dictionary
https://www.merriam-webster.com/legal/contract%20carrier
Legal definition of contract carrier: a transport line that carries persons or property under contract to one or a limited number of shippers.
2. Free Carrier (FCA) Definition
https://www.investopedia.com/terms/f/fca.asp/GettyImages-1129455686-826e5b5fd38a402180467ed44b1a0e9f.jpg)
Free carrier is a trade term requiring the seller to deliver goods to a named airport , ... of Arts and his Doctor of Philosophy in English literature at New York University. ... Contracts involving international transportation often contain abbreviated ... All Incoterms are legal terms, but their exact definitions can differ by country.
3. Common carrier - Wikipedia
https://en.wikipedia.org/wiki/Common_carrier
A common carrier in common law countries is a person or company that transports goods or ... A common carrier (also called a public carrier in British English) is ... These regulated carriers, known as contract carriers, must demonstrate that they ... The person that is physically transporting the goods on a means of transport ...
4. Ex Works (EXW) Definition: How Does It Work?
https://www.investopedia.com/terms/e/exw.asp/solid-trucks-parked-56a437a75f9b58b7d0d5e685.jpg)
Ex works, as a contract option, is particularly good for the seller and not so good ... Free Carrier means the seller is responsible for delivering goods to a specific ...
5. Incoterms - Wikipedia
https://en.wikipedia.org/wiki/Incoterms
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms ... Incoterms inform sales contracts defining respective obligations, costs, and risks ... or credit terms, govern contract law or define where title to goods transfers. ... The first English court case which referred to c.i.f. was Tregelles v.
6. CONTRACT CARRIER | meaning in the Cambridge English Dictionary
https://dictionary.cambridge.org/dictionary/english/contract-carrier
contract carrier definition: a company that is paid to transport goods or passengers for other companies or organizations, and…. Learn more.
7. Incoterms® 2010 - ICC - International Chamber of Commerce
https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-rules-2010/
They are incorporated in contracts for the delivery of goods worldwide and provide ... “Free Carrier” means that the seller delivers the goods to the carrier or ...
8. Waybill - Wikipedia
https://en.wikipedia.org/wiki/Waybill
A waybill (UIC) is a document issued by a carrier giving details and instructions relating to the ... These typically contain "conditions of contract of carriage" terms on the back of the form that ... "What is air waybill (AWB)? definition and meaning" .
9. Southwest Airlines Contract of Carriage
https://southwest.com/contractofcarriage
6 days ago ... Carriage means the transportation of Passengers and/or Baggage by air, gratuitously or for hire, and all services of Carrier related thereto. Carrier ...
10. Glossary
https://www.cms.gov/apps/glossary/default.asp?Letter=M&Language=English
May 14, 2006 ... The Glossary tool provides definitions of terms found on CMS.gov. ... Health benefits coverage offered under a policy or contract offered by a ... or a Medicare Durable Medical Equipment Regional Carrier (DMERC).
Conclusion:
In summary; carrier contracting is essential for any organization who relies on shipment services for moving goods from one place to another as it enables them to enter into legally binding contracts with trusted logistics providers which outlines their respective roles and compensations associated with carrying out shipments over a certain period of time – ultimately helping protect sender’s interests whilst providing financial security for the contracted party in question too.
