Master Lease Agreement 49 C.f.r. Part 376
1. The licensed carrier establishes and maintains documents for each trip for which the equipment is used in its service. These documents must contain the name and address of the equipment owner, the place of origin, the time and date of departure, and the destination. In addition, the approved carrier must, during its operation, carry with it documents containing the rented equipment containing this information and identify the hoods and make it clear that the transport is its responsibility. These documents are kept by the approved carrier as part of its transportation file. Lease agreements containing the information required in the provisions of this paragraph may be used and retained in place of these documents. For leases negotiated under a main lease, this provision is respected in con containing a copy of a main lease agreement in the equipment unit concerned and which contain the balance sheet of the documents required by this paragraph in the freight documents drawn up for the specific movement. To the extent that the exemptions for Part C of this party are not provided, the written lease required under item 376.11 A. contains the following provisions.
The required rental conditions are met and enforced by the authorized carrier. Editor`s Note: Changes to the bill of Part 376 are available on October 1, 2001 in 66 FR 49871. Notwithstanding the lease conditions set out in this section, an authorized air carrier may lease equipment to another licensed air carrier or a private airline may lease equipment to an authorized air carrier under the following conditions: (d) Insurance. 1. The lease agreement provides for the legal obligation for the licensed air carrier to maintain insurance coverage for public protection in accordance with FMCSA rules, in accordance with point 49.C.C 13906. The lease also indicates who is responsible for the operation of the leased equipment, for example. B Bobtail insurance, for other insurance coverage. If the authorized carrier re-enters a tax to the lessor for one of these insurances, the lease agreement must indicate the amount that will be refunded to the lessor. b) supporting documents relating to the equipment. Receipts specifically mentioning the devices for rent and the date and time of the transfer of the daily property must be listed as follows: h) loading objects. The lease agreement contains a clear indication of all items that can be paid originally by the approved carrier, but which are ultimately deducted from the lessor`s compensation at the time of payment or billing, as well as a recitation of how to calculate the amount of each item. Copies of the documents necessary to determine the validity of the tax are made available to the lessor.
2. Unless a copy of the exchange contract is brought to the equipment, the approved rental engine must carry a statement on the equipment during the replacement service indicating that it is operating the equipment. The statement also indicates the equipment according to the company`s company or the state registration number and indicates the specific location of the exchange, the date and time at which it assumes responsibility for the equipment and the use of the equipment. This statement is signed by the parties to the exchange agreement or their authorized representatives.