The Transportation Intermediaries Association has updated its joint broker-shipper contract with the National Industrial Transportation League due to regulatory changes stemming from MAP-21. It has also released a new broker-forwarder contract.
Officials from both organizations said the updates keep the contracts current and will help customers keep up-to-date with all new regulations when dealing with brokers and shippers.
“The TIA-NITL model Shipper-Broker agreement represents a common sense approach to contracting between shippers and licensed property brokers. It covers the essential issues, treats each party fairly, and avoids the over-reaching clauses often found in these agreements," Chip Smith, chairman of the TIA Contracts Subcommittee, said in a statement. "This contract is actively being used in the market, and I often see shipper contracts with excerpts from it. The industry has long needed the practical approach that this agreement offers.”
The need for a new broker-forwarder contract arose when TIA members kept asking for assistance.
“As a freight forwarder, I had approached TIA about the importance of getting a co-party agreement created so my company along with other members could better work with other TIA members," John Wish, a subcommittee member, said. "I joined the subcommittee to work on the model agreement and through the Subcommittee’s hard work; we now have an invaluable resource for the entire membership.”
The model contracts are available on the TIA's website