No. 376.2 Definitions. (a) Plenipotentiary Carrier – A person or persons authorized to transport the property as a motor carrier under the provisions of 49 United States. C 13901 and 13902. b) equipment – motor vehicles, trucks, tractors, semi-trailers, semi-trailers, any combination of these types of equipment and other types of equipment used by licensed carriers for transporting land for rent. c) Exchange – the receipt of equipment by a common engine carrier belonging to another carrier of this type to a point where both airlines have the right to serve and continue the passage. (d) Owner – A person (1) who has obtained the right to use equipment or (2) who, untitled, has the right to use exclusively equipment, or (3) who is legally owned by in each state of equipment registered and authorized in that person`s name. (e) Leasing – A contract or agreement by which the owner grants the use of operators with or without a driver for a specified period of time to a licensed carrier for the purpose of transporting regulated property for remuneration. (f) The owner: in a rental agreement, the party that attributes the use of driverless or driverless devices to another. (g) Leasing Taker – In a lease agreement, the party acquires the use of driverless or driverless devices from another. (h) Sublease – A written contract in which the purchaser grants the use of renters with or without a driver to another.
(i) Addendum – A supplement to an existing lease that is only valid when it has been signed by the lessor and the taker. (j) Private carrier – A person other than a cargo ship carrying the ownership of a motor vehicle in interstate or foreign trade, if (1) the person owns, leases or leases the property transported; and (2) the property is transported for the sale, rental, rental or promotion of a commercial enterprise. (k) Shipper , a person who sends or receives goods that are transported in international or foreign trade. (l) trust funds – money that the lessor has deposited with either a third party or the underwriter to guarantee the benefit, repay advances, cover repair costs, process claims, cover licensing and licensing costs, and for any other purpose agreed upon by the lessor and the taker. (m) The possession of a trailer with or without an aircraft and a driver by a shipper or recipient that goes beyond the free time provided for the shipment, in circumstances not attributable to the carrier`s service. 376.26 Exemption for leases between certified airlines and their representatives. The leasing provisions in Sections 376.12 to (l) do not apply to lease agreements between certified airlines and their representatives. SignNow`s web software has been specifically designed to simplify workflow organization and improve the entire document management process. Use this step-by-step guide to conclude the owner-operator lease agreement.doc quick form with perfect accuracy. [44 FR 4681, 23 January 1979. Umbedesignated at 61 FR 54707, Oct.
21, 1996. Notwithstanding the lease conditions in this section, a certified airline may lease equipment to another certified airline or a private airline may lease equipment to a certified airline under the following conditions: (a) the marking of the equipment requirements in point 376.11 (c) must be met; (b) the lessor must own or retain the equipment under a lease agreement; (c) a written agreement on equipment must be concluded between certified air carriers or between the private carrier and the approved carrier, as follows: c) (1) it must be signed by the parties or their agents.