Common use of RATE REDUCTION Clause in Contracts

RATE REDUCTION. Carrier must check in to shipper and consignee location at times indicated on rate confirmation. Failure to do so can result in a $150.00 fine against the Carrier 's settlement for each infraction. BROKER is available 24 hours a day, 7 days a week. Failure to call immediately regarding any problems (e.g. breakdown, inclement weather, DOT shut down, etc.) can result in a $200.00 fine to the Carrier. Carrier must fax, or e-mail signed rate confirmation to Broker prior to shipment pick up. Failure to comply will result in revocation of load without payment.

Appears in 2 contracts

Sources: Transportation Contract, Transportation Contract