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Freight Broker Agreement Template for Singapore

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Key Requirements PROMPT example:

Freight Broker Agreement

"Need a Freight Broker Agreement for our Singapore-based logistics company to engage with multiple international manufacturers, with specific provisions for hazardous materials transport and real-time tracking requirements."

Document background
The Freight Broker Agreement is essential for businesses operating in Singapore's logistics sector. This document formalizes the relationship between freight brokers and their clients, ensuring compliance with Singapore's transportation and maritime regulations. It specifies the broker's role in arranging freight services, payment terms, service levels, and risk allocation. The agreement is particularly important given Singapore's position as a global logistics hub and its strict regulatory environment.
Suggested Sections

1. Parties: Identification and details of the freight broker and client

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement including relevant legislation references

4. Services: Scope of freight broker services to be provided, including booking, coordination, and documentation

5. Compensation: Payment terms, fees, commission structure and billing procedures

6. Liability and Insurance: Risk allocation, limitation of liability and mandatory insurance requirements

7. Compliance: Obligations to comply with relevant Singapore laws, regulations and industry standards

8. Term and Termination: Duration of agreement, renewal terms and termination provisions

9. Governing Law: Application of Singapore law and jurisdiction

Optional Sections

1. Performance Metrics: KPIs and service levels for high-volume or strategic relationships

2. Technology Integration: Terms for using broker's technology platform and data exchange systems

3. Exclusivity: Terms of exclusive arrangement when parties agree to exclusive relationship

4. Data Protection: Specific provisions for handling personal and business data under PDPA

Suggested Schedules

1. Schedule 1 - Rate Card: Detailed pricing structure, rates and surcharges

2. Schedule 2 - Service Level Agreement: Detailed performance requirements and metrics

3. Schedule 3 - Insurance Requirements: Specific insurance coverage requirements and minimum coverage amounts

4. Schedule 4 - Operating Procedures: Detailed procedures for booking, documentation and operational requirements

5. Schedule 5 - Compliance Checklist: Regulatory compliance requirements and industry standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses





























Industries

Carriage of Goods by Sea Act (COGSA): Primary legislation governing the carriage of goods by sea, establishing carrier responsibilities, liability limitations, and documentation requirements.

Maritime and Port Authority of Singapore Act: Establishes the regulatory framework for maritime operations and port facilities in Singapore, including licensing and operational requirements for maritime service providers.

Multimodal Transport Act: Regulates the transportation of goods using multiple modes of transport under a single contract, defining responsibilities and liabilities of multimodal transport operators.

Contract Law (Amendment) Act: Provides the legal framework for contract formation, enforcement, and remedies in Singapore, applicable to freight brokerage agreements.

Electronic Transactions Act: Governs electronic communications and transactions, including electronic documentation and signatures in freight operations.

Singapore Customs Regulations: Comprehensive customs requirements for import, export, and transhipment of goods through Singapore.

MPA Regulations: Specific regulations issued by Maritime and Port Authority of Singapore governing maritime operations and safety standards.

LTA Regulations: Land Transport Authority regulations governing land-based freight transportation within Singapore.

CAAS Regulations: Civil Aviation Authority of Singapore regulations pertaining to air freight operations and safety standards.

Hague-Visby Rules: International convention establishing standard rules for bills of lading in international shipping, as adopted by Singapore.

INCOTERMS 2020: International commercial terms defining responsibilities and costs between buyers and sellers in international freight transactions.

Personal Data Protection Act (PDPA): Legislation governing the collection, use, and disclosure of personal data in Singapore, affecting customer and transaction data handling.

Corruption, Drug Trafficking and Other Serious Crimes Act: Anti-money laundering legislation requiring due diligence and reporting of suspicious transactions in freight operations.

Terrorism (Suppression of Financing) Act: Regulatory requirements for preventing and reporting potential terrorism financing through freight operations.

SFFA Standards: Singapore Freight Forwarders Association industry standards and best practices for freight forwarding operations.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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