Common use of Billings and Payments Clause in Contracts

Billings and Payments. BROKER A is authorized to, and shall be responsible for, billing and collection from shippers, consignees, and other parties responsible for payment of its charges. BROKER A shall pay BROKER B for agreed upon charges (commissions and carrier charges as specified by rate schedule or load confirmations, which are hereby incorporated by reference) within forty-five (45) days of receipt of BROKER B’s invoice and proof of delivery. BROKER B shall pay the motor carrier(s)/railroads/ocean/air as required under its written contract(s) with such carrier(s) regardless of whether BROKER A timely pays BROKER B. In the event that payments to carrier(s) are not made in accordance with the payment terms of the BROKER B/carrier agreement(s), and the carrier is in compliance with that agreement, BROKER A may pay the delivering carrier(s) directly upon written notification to BROKER B and, in so doing, shall discharge its entire obligation to pay BROKER B. BROKER B shall not bill or collect freight charges from BROKER A's customers/shippers, consignees, or other parties responsible for payment, provided BROKER A has complied with the terms of this Agreement.

Billings and Payments. BROKER A is authorized to, and shall be responsible for, billing and collection from shippers, consignees, and other third parties responsible for payment of its charges. BROKER A shall pay BROKER B for agreed upon charges (commissions and carrier charges as specified by rate schedule or load confirmations, which are hereby incorporated by reference) within forty-five (45) 30 days of receipt of BROKER B’s invoice and proof of delivery. BROKER B shall pay the motor carrier(s)/railroads/ocean/air carrier(s)/railroads as required under its written contract(s) with such carrier(s) regardless of whether BROKER A timely pays BROKER B. In the event that payments to carrier(s) are not made in accordance with the payment terms of the BROKER B/carrier agreement(s), and the carrier is in compliance with that agreement, BROKER A may pay the delivering carrier(s) directly upon written notification to BROKER B and, in so doing, shall discharge its entire obligation to pay BROKER B. BROKER B shall not bill or collect freight charges from BROKER A's customers/shippers, consignees, or other parties responsible for payment, provided BROKER A has complied with the terms of this Agreement.

Billings and Payments. BROKER A is authorized to, and shall be responsible for, billing and collection from shippersshipper-customers, consignees, and other third parties responsible for payment of its charges. BROKER A shall pay BROKER B for agreed upon charges (i.e., commissions and carrier charges as specified by a mutually agreed upon rate schedule schedule, or load confirmations, which are hereby incorporated by reference) within forty-five (45) 30 days of receipt of BROKER B’s invoice and proof of delivery. BROKER B shall pay the motor carrier(s)/railroads/ocean/air carrier(s)/railroads as required under its written contract(s) with such carrier(s) regardless of whether BROKER A timely pays BROKER B. In the event that payments to carrier(s) are not made in accordance with the payment terms of the BROKER B/carrier agreement(s), and the carrier is in compliance with that agreement, BROKER A may pay the delivering carrier(s) directly upon written notification to BROKER B and, in so doing, shall discharge its entire obligation to pay BROKER B. BROKER B shall not bill or collect freight charges from BROKER A's shipper-customers/shippers, consignees, or other parties responsible for payment, provided BROKER A has complied with the terms of this Agreement.