trn master broker agreement...

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1 TRN Logistics, LLC MASTER BROKERAGE AGREEMENT THIS AGREEMENT, entered into on this_________day of____________, 20__, between TRN LOGISTICS, LLC, a Property Broker as per MC #586699 and _______________ a motor carrier as per MC# / DOT#_____________, “CARRIER”. WHEREAS, TRN Logistics, LLC is a Property Broker in the business of securing freight from underlying shippers and negotiating with common and contract carriers for the transportation of such freight in interstate or intrastate commerce where allowed by authority of CARRIER and WHEREAS, CARRIER is a Motor Carrier or Common Carrier operating in Interstate and / or Intrastate commerce in accordance with authority issued by the Federal Motor Carrier Safety Administration and / or appropriate governmental authorities. NOW THEREFORE, in consideration of mutual covenants and promises herein contained, the parties agree as follows: 1. The term of this AGREEMENT shall be for a period of one year and will automatically renew year after year, for like terms, until cancelled upon 30 days written notice of one party to the other. 2. CARRIER and TRN Logistics, LLC agree that this AGREEMENT is not exclusive and that both CARRIER and TRN LOGISTICS, LLC are free to contract with other parties offering the same or similar services. 3. CARRIER is an independent contractor and is IN NO WAY TO BE CONSIDERED AN AGENT, EMPLOYEE OR JOINT VENTURER OF TRN LOGISTICS, LLC, in the providing of any services hereunder. CARRIER represents and warrants that it is duly and legally qualified to provide, as a contract carrier, the transportation services contemplated herein. CARRIER further represents and warrants that it does not have unsatisfactory safety rating issued from the U.S. Department of Transportation, and further agrees to comply with all federal, state and local laws regarding the provision of the transportation services contemplated under this Agreement. 4. CARRIER, shall be liable, without limitation, for all loss, damage or liability resulting from their transportation of any property arranged by TRN Logistics, LLC hereunder as a common carrier and shall process all claims for loss, damage, or delay of delivery in accordance with the Code of Federal Regulation (49 C.F.R. Part 370). 5. CARRIER shall procure and maintain, at its sole cost and expense, the following insurance coverage: (a) Public liability and property damage insurance with a reputable and financially responsible insurance company insuring CARRIER in an amount not less then $1,000,000 (U.S. Dollars) per occurrence. (b) All Risk Broad Form Motor Truck Cargo Legal Liability insurance in an amount not less than $100,000 (U.S. Dollars) per occurrence. Such insurance policy shall name CARRIER and TRN Logistics, LLC as insured and provide coverage to TRN Logistics, LLC, the Customer or the owner and / or consignee for any loss, damage, or delay related to any property coming into the possession of CARRIER under this Agreement. The coverage provided under the policy shall have no exclusions or restrictions of any type that would foresee ably preclude coverage relating to cargo claims. (c) Statutory Workers’ Compensation Insurance and Employee Liability coverage in such amounts and in such form as required by applicable state law. (d) CARRIER shall furnish to TRN Logistics, LLC written certificates obtained from the insurance CARRIER showing that such insurance has been procured, is being properly maintained, the expiration date, and specifying that written notice

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TRN Logistics, LLC MASTER BROKERAGE AGREEMENT

THIS AGREEMENT, entered into on this_________day of____________, 20__, between TRN LOGISTICS, LLC, a Property Broker as per MC #586699 and _______________ a motor carrier as per MC# / DOT#_____________, “CARRIER”. WHEREAS, TRN Logistics, LLC is a Property Broker in the business of securing freight from underlying shippers and negotiating with common and contract carriers for the transportation of such freight in interstate or intrastate commerce where allowed by authority of CARRIER and WHEREAS, CARRIER is a Motor Carrier or Common Carrier operating in Interstate and / or Intrastate commerce in accordance with authority issued by the Federal Motor Carrier Safety Administration and / or appropriate governmental authorities. NOW THEREFORE, in consideration of mutual covenants and promises herein contained, the parties agree as follows:

1. The term of this AGREEMENT shall be for a period of one year and will automatically renew year after year, for like terms, until cancelled upon 30 days written notice of one party to the other.

2. CARRIER and TRN Logistics, LLC agree that this AGREEMENT is not exclusive and that both CARRIER and TRN LOGISTICS, LLC are free to contract with other parties offering the same or similar services.

3. CARRIER is an independent contractor and is IN NO WAY TO BE CONSIDERED AN AGENT, EMPLOYEE OR JOINT VENTURER OF TRN LOGISTICS, LLC, in the providing of any services hereunder. CARRIER represents and warrants that it is duly and legally qualified to provide, as a contract carrier, the transportation services contemplated herein. CARRIER further represents and warrants that it does not have unsatisfactory safety rating issued from the U.S. Department of Transportation, and further agrees to comply with all federal, state and local laws regarding the provision of the transportation services contemplated under this Agreement.

4. CARRIER, shall be liable, without limitation, for all loss, damage or liability resulting from their transportation of any property arranged by TRN Logistics, LLC hereunder as a common carrier and shall process all claims for loss, damage, or delay of delivery in accordance with the Code of Federal Regulation (49 C.F.R. Part 370).

5. CARRIER shall procure and maintain, at its sole cost and expense, the following insurance coverage: (a) Public liability and property damage insurance with a reputable and financially

responsible insurance company insuring CARRIER in an amount not less then $1,000,000 (U.S. Dollars) per occurrence.

(b) All Risk Broad Form Motor Truck Cargo Legal Liability insurance in an amount not less than $100,000 (U.S. Dollars) per occurrence. Such insurance policy shall name CARRIER and TRN Logistics, LLC as insured and provide coverage to TRN Logistics, LLC, the Customer or the owner and / or consignee for any loss, damage, or delay related to any property coming into the possession of CARRIER under this Agreement. The coverage provided under the policy shall have no exclusions or restrictions of any type that would foresee ably preclude coverage relating to cargo claims.

(c) Statutory Workers’ Compensation Insurance and Employee Liability coverage in such amounts and in such form as required by applicable state law.

(d) CARRIER shall furnish to TRN Logistics, LLC written certificates obtained from the insurance CARRIER showing that such insurance has been procured, is being properly maintained, the expiration date, and specifying that written notice

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of cancellation or modification of the policies shall be given to TRN Logistics, LLC at least thirty (30) days prior to such cancellation or modification. Upon request, CARRIER shall provide TRN Logistics, LLC with copies of the applicable insurance policies.

6. TRN Logistics, LLC agrees to pay CARRIER for services provided in accordance with

the RATE CONFIRMATION SHEET, issued by TRN Logistics, LLC and signed by CARRIER as a supplement to this AGREEMENT prior to dispatch of CARRIER equipment. CARRIER represents and warrants that there are no other applicable rates or charges except those established in this AGREEMENT or in any RATE CONFIRMATION SHEET signed by TRN Logistics, LLC. Payment by TRN Logistics, LLC will be made after receipt of CARRIER’S freight bill, bill of lading, clear delivery receipt, and any other necessary billing documents enabling TRN Logistics to ascertain that service has been provided at the agreed upon charge. In the event the service is provided and it is subsequently discovered that there was no applicable rate in the existing Schedule of Rates or supplements, the parties agree that the rate paid by TRN Logistics, LLC and collected by the CARRIER shall be the agreed upon contract rate. CARRIER agrees that TRN Logistics, LLC has the exclusive right to handle all billing of freight charges to the Customer for the transportation services provided herein, and, as such, CARRIER agrees to refrain from all collection efforts against the shipper, receiver, consignor, or the Customer. CARRIER further agrees that TRN Logistics, LLC has the discretionary right to offset any payments owed to CARRIER hereunder for liability incurred by CARRIER pursuant to of this AGREEMENT.

7. CARRIER will not solicit traffic from any shipper, consignor, consignee or customer of TRN Logistics, LLC where (1) the availability of such traffic first became known to CARRIER as a result of TRN Logistics, LLC efforts, or (2) the traffic of the shipper, consignor, consignee, or Customer of TRN Logistics, LLC was first tendered to CARRIER by TRN Logistics, LLC. If CARRIER breaches this AGREEMENT and directly or indirectly solicits traffic from customers of TRN Logistics, LLC and obtains traffic from such customer during the terms of this AGREEMENT or for twelve (12) months thereafter, CARRIER shall be obligated to pay TRN Logistics, LLC, for a period of fifteen (15) months thereafter, commission in the amount of twenty percent (20%) of the transportation revenue resulting from traffic transported for the Customer, and CARRIER shall provide TRN Logistics, LLC with all documentation requested by TRN Logistics, LLC to verify such transportation revenue.

8. CARRIER Warrants that all shipments transported by CARRIER on behalf of TRN Logistics, LLC will be transported under its motor carrier authority, and that CARRIER shall not in any manner subcontract, broker, ship rail / intermodal, or arrange for the shipments to be transported by a third party without the prior written consent of TRN Logistics, LLC. CARRIER’S freight bill will be subject to a reduction. Both parties waive their respective rights and remedies under 49 USC 14101(B) and CARRIER agrees that common carrier rates and charges will not apply under any circumstances.

9. In the event of disagreement or dispute resulting in legal action, the prevailing party shall be entitled to reimbursement of legal fees.

10. CARRIER will be solely responsible for the dispatch of CARRIER’s drivers into any shipper or consignee related to the transportation services provided hereunder, provided, however, that CARRIER agrees to contact TRN Logistics’ LLC designated agent with billing information immediately upon completion of loading and with the name of receiver and status of delivery immediately upon completion of delivery.

11. CARRIER shall not withhold any goods of the Customer on account of any dispute as to the rates or any alleged failure of TRN Logistics to pay charges incurred under this AGREEMENT. CARRIER is relying on the general credit of TRN Logistics, LLC and hereby waives and releases all liens which CARRIER might otherwise have to any

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goods of TRN Logistics, LLC or its Customers in the possession or control of CARRIER.

12. CARRIER shall defend, indemnify, and hold TRN Logistics, LLC harmless from and against all loss, liability, damage, claim, fine, cost or expense, including reasonable attorney’s fees, arising out of or in any way related to the performance or breach of this AGREEMENT by CARRIER, its employees or independent contractors working for CARRIER (collectively, the “Claims”), including, but not limited to, Claims for or related to personal injury (including death), property damage and CARRIER’s possession, use, maintenance, custody or operation of the Equipment; provided, however, that CARRIER’s indemnification and hold harmless obligations under this paragraph will not apply to any portion of such claims attributable to the tortious conduct of TRN Logistics, LLC.

13. THIS AGREEMENT, together with subsequently issued RATE CONFIRMATION SHEETS, constitutes the entire agreement between the parties. No additions can be made unless issued in writing and signed by both parties.

14. Any and all Detention, Layover or Truck Order Not Used charges are negotiable and must be agreed in writing before being approved for payment by TRN Logistics, LLC.

IN WITNESS WHEREOF, the parties have indicated their approval by signature of their authorized representative on the day and the date first above noted. BROKER: CARRIER: TRN Logistics, LLC ________________ 107 Gauntt Street ________________ Burlington, NJ 08016 ________________ MC# 586699 ________________ __________________ ________________

Authorized Signature Authorized Signature

Todd R. Novak __________________

Print Name Print Name

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107 Gauntt Street Burlington, NJ 08016

Phone: 609-239-5200 Fax: 609-239-5400 [email protected]

Bank References: The Beneficial Bank 1029 Neck Road Burlington, NJ 08016 609-239-4500 Account #9500067161 Freight Carrier References:

Operating Since 3/23/2005 FED ID#20-2549799 D-U-N-S #614072499 MC#586699 SCAC: TLAJ Principals: Todd R. Novak & Jason Self.

S & T Transportation 4830 N Cumberland Avenue Suite 2 Norridge, IL 60706 312-224-8870 312-224-8231 fax Mike

Fred Kennedy Trucking P.O. Box 297 Beverly, NJ 08010 856-461-7389 Susan Kennedy

Land Transport 1901 Phoenix Blvd Suite 210 Atlanta, GA 30349 215-245-4103 Mike Boran

J B Hunt Corporation 615 JB Hunt Corporate Drive Lowell, AR 72745 866-737-3579 Accounts Receivable

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SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORETHE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS.

INSURER(S) AFFORDING COVERAGE

INSURER F :

INSURER E :

INSURER D :

INSURER C :

INSURER B :

INSURER A :

NAIC #

NAME:CONTACT

(A/C, No):FAX

E-MAILADDRESS:

PRODUCER

(A/C, No, Ext):PHONE

INSURED

REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement onthis certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

OTHER:

(Per accident)

(Ea accident)

$

$

N / A

SUBRWVD

ADDLINSD

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIODINDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISCERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

$

$

$

$PROPERTY DAMAGE

BODILY INJURY (Per accident)

BODILY INJURY (Per person)

COMBINED SINGLE LIMIT

AUTOS ONLY

AUTOSAUTOS ONLYNON-OWNED

SCHEDULEDOWNED

ANY AUTO

AUTOMOBILE LIABILITY

Y / N

WORKERS COMPENSATIONAND EMPLOYERS' LIABILITY

OFFICER/MEMBER EXCLUDED?(Mandatory in NH)

DESCRIPTION OF OPERATIONS belowIf yes, describe under

ANY PROPRIETOR/PARTNER/EXECUTIVE

$

$

$

E.L. DISEASE - POLICY LIMIT

E.L. DISEASE - EA EMPLOYEE

E.L. EACH ACCIDENT

EROTH-

STATUTEPER

LIMITS(MM/DD/YYYY)POLICY EXP

(MM/DD/YYYY)POLICY EFF

POLICY NUMBERTYPE OF INSURANCELTRINSR

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

EXCESS LIAB

UMBRELLA LIAB $EACH OCCURRENCE

$AGGREGATE

$

OCCUR

CLAIMS-MADE

DED RETENTION $

$PRODUCTS - COMP/OP AGG

$GENERAL AGGREGATE

$PERSONAL & ADV INJURY

$MED EXP (Any one person)

$EACH OCCURRENCEDAMAGE TO RENTED

$PREMISES (Ea occurrence)

COMMERCIAL GENERAL LIABILITY

CLAIMS-MADE OCCUR

GEN'L AGGREGATE LIMIT APPLIES PER:

POLICYPRO-JECT LOC

CERTIFICATE OF LIABILITY INSURANCEDATE (MM/DD/YYYY)

CANCELLATION

AUTHORIZED REPRESENTATIVE

ACORD 25 (2016/03)

© 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE HOLDER

The ACORD name and logo are registered marks of ACORD

HIREDAUTOS ONLY

$

$