Joint service agreement definition
Joint service agreement means an agreement between ocean common car- riers operating as a joint venture whereby a separate service is estab- lished that:
(i) Holds itself out in its own distinct operating name;
(ii) Independently fixes its own rates, charges, practices, and conditions of service or chooses to participate under its operating name in another agree- ment that is duly authorized to deter- mine and implement such activities;
(iii) Independently publishes its own tariff or chooses to participate under its operating name in an otherwise es- tablished tariff;
(iv) Issues its own bills of lading; and
(v) Acts generally as a single carrier.
Joint service agreement means a written statement describing the responsibilities, expectations, and entitlements of each party; designed to benefit both parties and improve the relationship for mutual advantage.