Load Confirmation (Rate Confirmation)

Whats Is a Load Confirmation – Rate Confirmation

A load confirmation, sometimes referred to as a rate confirmation, is a legal document issued by a freight broker or shipper to a carrier. Load confirmation acts as a formal agreement between the carrier and the broker or shipper, confirming that the carrier has agreed to transport a specific load at a set rate.
Learn about Rate Confirmation Sheet here.

The Importance of Load Confirmation

It serves multiple purposes:

1. Proof of Agreement: It provides a written record of the agreement between the parties involved, offering protection to both sides in case of misunderstandings or disputes.

2. Job Details: It specifies the details of the job, so the carrier knows exactly what is expected, eliminating any ambiguity about the load, pickup and delivery locations, and timelines.

3. Payment Assurance: It outlines the agreed-upon rate for the load, providing assurance to the carrier of what they will be paid once the job is completed.

Details in a Load Confirmation

While the specific details can vary, in general confirmation includes:

1. Carrier Information: The name, address, and contact details of the carrier.
   Learn more about Carrier here.

2. Broker/Shipper Information: The name, address, and contact details of the freight broker or shipper.
   Learn more about the Broker or the Shipper.

3. Pickup and Delivery Information: Details about where and when the load is to be picked up and delivered.

4. Freight Details: Information about the load, such as the type of freight, weight, and any special handling instructions.
   Learn more about Freight here.

5. Rate Information: The agreed-upon rate for transporting the load.

6. Bill of Lading Number: The reference number for the Bill of Lading, a document issued by a carrier that details the type, quantity, and destination of the goods being carried.
   Learn more about BOL here.

Learn more about Load here.