Can freight brokers take possession of cargo?
Freight brokers cannot take possession of cargo. They are not freight forwarders or carriers. They can only facilitate The arrangement of delivery.
How long does a carrier have to pay a freight claim?
After you submit your claim to the carrier, the carrier has 30 days from the receipt of the claim to acknowledge that it has received your claim. See 49 CFR § 370.5. The carrier then has 120 days from the receipt of claim to either: (1) pay the claim, (2) compromise or settle the claim, or (3) to pay the claim.
What is a carrier lien?
A carrier’s lien is defined as a type of lien that gives a security interest in shipped goods to a shipper that publicly operates a business for the transportation of goods. This lien typically arises when the shipper takes possession of the goods and lasts until the shipper has been paid for their transportation.