Common use of Records of Equipment Clause in Contracts

Records of Equipment. The author- ized carrier using equipment leased under this section shall keep records of the equipment as follows: (1) The authorized carrier shall pre- pare and keep documents covering each trip for which the equipment is used in its service. These documents shall con- tain the name and address of the owner of the equipment, the point of origin, the time and date of departure, and the point of final destination. Also, the au- thorized carrier shall carry papers with the leased equipment during its oper- ation containing this information and identifying the lading and clearly indi- cating that the transportation is under its responsibility. These papers shall be preserved by the authorized carrier as part of its transportation records. Leases which contain the information required by the provisions in this para- graph may be used and retained instead of such documents or papers. As to lease agreements negotiated under a master lease, this provision is complied with by having a copy of a master lease in the unit of equipment in question and where the balance f documentation called for by this paragraph is included in the freight documents prepared for the specific movement. (2) [Reserved] [44 FR 4681, Jan. 23, 1979, as amended at 49 FR 47269, Dec. 3, 1984; 49 FR 47850, Dec. 7, 1984; 50 FR 24649, June 12, 1985; 51 FR 37406, Oct. 22, 1986; 62 FR 15424, Apr. 1, 1997] Except as provided in the exemptions set forth in subpart C of this part, the written lease required under § 376.11(a) shall contain the following provisions. The required lease provisions shall be adhered to and performed by the au- thorized carrier.

Records of Equipment. The author- ized carrier using equipment leased under this section shall keep records of the equipment as follows: (1) The authorized carrier shall pre- pare and keep documents covering each trip for which the equipment is used in its service. These documents shall con- tain the name and address of the owner of the equipment, the point of origin, the time and date of departure, and the point of final destination. Also, the au- thorized carrier shall carry papers with the leased equipment during its oper- ation containing this information and identifying the lading and clearly indi- cating that the transportation is under its responsibility. These papers shall be preserved by the authorized carrier as part of its transportation records. Leases which contain the information required by the provisions in this para- graph may be used and retained instead of such documents or papers. As to lease agreements negotiated under a master lease, this provision is complied with by having a copy of a master lease in the unit of equipment in question and where the balance f documentation of documenta- tion called for by this paragraph is included in- cluded in the freight documents prepared pre- pared for the specific movement. (2) [Reserved] [44 FR 4681, Jan. 23, 1979, as amended at 49 FR 4726900 XX 00000, Dec. Xxx. 3, 1984; 49 FR 4785000 XX 00000, Dec. Xxx. 7, 1984; 50 FR 2464900 XX 00000, June 12, 1985; 51 FR 3740600 XX 00000, Oct. Xxx. 22, 1986; 62 FR 1542400 XX 00000, Apr. Xxx. 1, 1997; 00 XX 00000, Xxxx. 24, 2013] Except as provided in the exemptions set forth in subpart C of this part, the written lease required under § 376.11(a) shall contain the following provisions. The required lease provisions shall be adhered to and performed by the au- thorized carrier.