So, the rules that a leased owner operator should lead himself by are the following:
- The method of payment should be clearly stated in the lease – according to the mileage, tons, trips and percentage of revenue;
- Remember that it is not allowed for the payment period to be longer than 15 days from the submission of proof of delivery;
- The lease must include the right to inspect the carrier billing if the payment is based on a percentage of revenue;
2. Primarly Issues That Must Be Addressed In The Lease Agreement
In the lease agreement, the carrier should assume the responsibility for fines.
The fines might come due to overweight and oversize trailers when the trailers are pre-loaded, sealed or if the load is outside of the leased owner operator.
Therefore, the carrier as well, should assume the responsibility for fines due to improperly permitted overdimensonal/overweight loads.
