The International Warehouse Logistics Association (IWLA) is a trade association that represents warehouse logistics providers across North America. IWLA members provide a range of services, including warehousing, transportation, and inventory management.
One crucial aspect of IWLA membership is adherence to the IWLA Standard Contract Terms and Conditions. These are a set of standardized clauses that govern the relationship between IWLA members and their customers. By standardizing these terms, IWLA aims to provide a level playing field for all members and increase transparency and clarity for customers.
So, what are the key elements of the IWLA Standard Contract Terms and Conditions?
Firstly, the contract establishes the scope of services to be provided by the IWLA member. This includes details of the warehouse facility, the type of goods to be stored, and any additional services to be provided, such as transportation or inventory management.
The contract also defines the payment terms for services provided by the IWLA member. This includes details of the billing cycle, payment methods, and any late payment fees or interest charges.
Another crucial aspect of the contract is risk management. The IWLA Standard Contract Terms and Conditions outline the responsibilities of both the IWLA member and the customer in ensuring the safe storage and handling of goods. This includes provisions for insurance, liability, and indemnification.
The contract also sets out the procedures for dispute resolution between the IWLA member and the customer. This includes details of the governing law, jurisdiction, and any arbitration processes that may be used to resolve disputes.
Overall, the IWLA Standard Contract Terms and Conditions provide a comprehensive framework for the relationship between IWLA members and their customers. By standardizing these terms, IWLA aims to promote transparency, fairness, and professionalism across the warehouse logistics industry.