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Old 02-05-2002, 02:54 AM   #1 (permalink)
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billing shippers to collect your money

I read your post in the above thread. Are you saying that there is a law that says when I invoice a shipper for a load, he has 15 to 30 days to pay me? If that is what you meant, could you tell me where to find this law. I have shippers that take 30 to 90 days to pay me and a few who take even longer.
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Old 02-05-2002, 02:54 AM   #2 (permalink)
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RE: billing shippers to collect your money

Doe.Mouse

Sorry I havent gotten back to you in a shorter time since you posted the message but it took a little research to find the law.

here it is on the US Gov Web site

its under the CODE OF FEDERAL REGULATIONS
TITLE 49, VOLUME 4 PARTS 200-300 REVISED AS OF OCT 1, 2000
FROM THE GOVERNMENT PRINTING OFFICE VIA GPO ACCESS
CITE: 49CFR377 SUBPART B, SOURCE 50fr 2290, JANUARY 16 1985., UNLESS OTHERWISE NOTED. REDESIGNATED AT 61 FR 54709 OCT 21, 1996

UNDER PAGE 816
B) WHEN A CREDIT PERIOD BEGINS. THE CREDIT PERIOD SHALL BEGIN ON THE DAY FOLLOWING PRESENTATION OF THE FREIGHT BILLS.
c) LENGTH OF CREDIT PERIOD, UNLESS A DIFFERENT CREDIT PERIOD HAS BE ESTABLISHED BY TARIFF PUBLICATION PURSUANT TO PARAGRAPH D OF THIS SECTION., THE CREDIT PERIOD IS 15DAYS. IT INCLUDES SATURDAYS, SUNDAYS AND LEGAL HOLIDAYS.
d) CARRIERS MAY ESTABLISH DIFFERENT CREDIT PERIODS IN TARIFF RULES. CARRIERS MAY PUBLISH TARIFF RULES ESTABLISHING CREDTI PERIODS DIFFERENT FROM THOSE IN PARAGRAPH (C) OF THIS SECTION. SUCH CREDIT PERIODS SHALL BE NOT LONGER THAN 30 CALENDAR DAYS.

iF YOU WANT TO READ THE REST OF THE PUBLICATION GOTO THE US GOV WEB SITE, GPO SUB SITE AND SEARCH FOR 49 CFR 377

HOPE YOU FIND THIS INTERESTING

FRANK
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Old 02-05-2002, 03:03 AM   #3 (permalink)
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RE: billing shippers to collect your money

DOEMOUSE,
I HAVE TO ADD ONE MORE ITEM
THE TITLE OF THE SECTION THAT PERTAINS TO ALL PAYMENTS TYPES
IS

TITLE 49 TRANSPORTATION
CHAPTER III- FEDERAL MOTOR CARRIER SAFTEY ADMINISTRATION
DEPARTMENT OF TRANSPORTATION
PART 377-- PAYMENT OF TRANSPORTATION CHARGES

SUBPART A; HANDLING OF C.O.D. SHIPMENTS
SUBPART B; EXTENSION OF CREDIT TO SHIPPERS BY MOTOR COMMON CARRIERS

iF YOU PRINT THE 49 CFR377 IT WILL TAKE 7 PAGES ON 1 SIDE
fRANK
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