Trip Lease Agreement Definition

1. The lease stipulates that the licensed carrier is exclusively in possession, control and use of the equipment for the duration of the lease. The lease also provides that the licensed carrier assumes full responsibility for the operation of the equipment during the duration of the lease. If the exemptions for Part C of this part are not provided for, the written lease that was entered into after Section 376, paragraph (a), provides for the following provisions. The required rental conditions are met and enforced by the authorized carrier. l) copies of the lease. The parties must sign the lease. The authorized carrier keeps a copy and, for the duration of the lease, places an additional copy of the lease, unless a statement is kept on the aircraft in accordance with the provisions of page 376.11 (c) (2). The owner of the equipment must keep a copy of the rental agreement. (g) copies of cargo statements or other types of cargo documents. If a lessor`s turnover is based on a percentage of the gross turnover of a lot, the taker must indicate that the authorized carrier must provide the renter, before or at the time of billing, with a copy of the related freight invoice or, in the case of the contracting agencies, any other form of documentation actually used for a shipment containing the same information that would appear on an evaluated freight invoice. Gives. Regardless of the type of compensation, the lessor must allow the lessor to review copies of the airline`s fare or, in the case of the contracting agencies, other documents from which tariffs and charges are calculated, provided that, for the calculation of tariffs and fees of a contract, only the parts of the contract containing the same information that would appear on an assessed freight invoice must be disclosed.

The authorized carrier may delete the names of shippers and recipients on the freight invoice or any other form of documentation. 3. The lease clearly defines the conditions under which deductions can be made for damage to the loading or property of the landlord`s subdivisions. The lease also provides that the licensed carrier must provide the landlord with a written explanation and treatment of all deductions relating to cargo or property damage resulting from compensation for the money owed to the lessor. The written declaration and breakdown must be made to the lessor before making any deductions. 2. The lease agreement may provide for the consideration of the licensed taker as the owner of the equipment for sublease to other certified air carriers during the rental period. (i) products, equipment or services provided by the authorized carrier. The taker intends that the lessor will not be required to purchase or rent products, equipment or services provided by the licensed carrier as a condition of the conclusion of the lease. The lease agreement defines the terms of a contract in which the lessor is a party to an equipment purchase or lease agreement that gives the authorized carrier the right to deduct the lessor`s compensation for purchase or lease payments. (a) the parties. The lease agreement is between the licensed carrier and the owner of the equipment.

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