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WebFreight brokers are required to obtain a surety bond for at least $75,000 which is maintained to ensure your motor carriers get paid if you fail to pay them for any reason. For example, if you go out of business, but you still owe money to some trucking companies, your bond would pay them out. A $75,000 bond won’t actually cost you $75,000. WebThis brokerage fee is the remuneration a broker receives for facilitating trade. Typically, it is a percentage of the total trade value that is charged as brokerage. Brokers levy this fee over and above the original trade value and deduct it from a trader’s portfolio. Such monetary outgo could be substantial depending on the scale of the trade. thin walled tube sampling of soils
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