Question: What Does DOT Exempt Mean?

What are exempt commodities?

An exempt commodity is any exchange traded commodity that is not an excluded commodity or an agricultural commodity, such as energy and metal commodities.

Transactions in an exempt commodity may only take place between eligible contract participants or commercial entities..

Why do I need a DOT number?

Companies that operate commercial vehicles transporting passengers or hauling cargo in interstate commerce must be registered with the FMCSA and must have a USDOT Number. Also, commercial intrastate hazardous materials carriers who haul types and quantities requiring a safety permit must register for a USDOT Number.

What is common carrier and private carrier?

A person who engages to carry the goods of particular individuals rather than of the general public is a contract carrier; a person who carries his own goods is a private carrier. … He is a common carrier only to the extent that he holds himself out as ready to carry goods for the public.

How long does it take to get MC authority?

Once your MC# is issued, you will have 20 days to complete the next 2 steps. Once those 2 items are on file with the FMCSA your Authority will become active within approximately 2-3 weeks. It will take another 2 weeks or so for you to receive your Authority certificate in the mail.

Is Hay an exempt commodity?

Exempt freight includes commodities that are perishable or that can expire. Things that haven’t been processed, like dairy products and hay bales, are classified as exempt. Also timely, dated materials, like newspapers, are also exempt.

What are regulated commodities?

All options and futures where the underlying assets are commodities that are traded on an exchange in the United States. They are regulated by the Commodity Futures Trading Commission.

How much does a Usdot number cost?

Until URS is fully implemented, there is no charge for a USDOT number. However, if you also want to apply for operating authority (MC/FF/docket numbers), the cost is $300 per authority. For more information about operating authority, please see “What is Operating Authority (MC number) and who needs it?”

What is an exempt carrier?

: a transport agency specializing in services (such as taxi service) or commodities (such as farm products or bulk cargo) exempt from regulation by the Interstate Commerce Act.

What qualifies a vehicle for dot?

DOT registration is required for any conveyance that has a gross vehicle weight rating or gross combination weight rating, or gross vehicle weight or gross combination weight, of 4,536 kg (10,001 pounds) or more, whichever is greater.

What weight requires a DOT number?

In general, a USDOT Number is required if you are operating in interstate commerce and meet the following criteria: You have vehicles that are over 10,000 lbs. (GVWR, GCWR, GVW or GCW) You transport between 9 and 15 passengers (including the driver) for compensation, whether direct or indirect.

What is the meaning of exempt?

1 : free or released from some liability or requirement to which others are subject was exempt from jury duty the estate was exempt from taxes. 2 obsolete : set apart. exempt. verb. exempted; exempting; exempts.

Who is exempt from a DOT number?

to transport passengers or property when the vehicle has a gross vehicle weight rating or gross combination weight rating, gross vehicle weight or gross combination weight, of 10,001 pounds or more, whichever is greater; or. to transport more than eight passengers, including the driver, for compensation; or.

What is the difference between a private carrier and a for hire carrier?

PRIVATE CARRIER: A company that provides truck transportation of its own cargo, usually as a part of a business that produces, uses, sells and/or buys the cargo being hauled. FOR-HIRE CARRIER: A company that provides truck transportation of cargo belonging to others and is paid for doing so.

Do I need dot number if not for hire?

If you are hauling your own goods that are not for sale and you are not be compensated for such goods, and the gross vehicle weight is less than 10,000 pounds, you should not be required to have a DOT number, but you may want to display a NOT FOR HIRE sign on your vehicle so that you are less likely to be inspected.

Does a private carrier need a DOT number?

A private motor carrier transports its own goods and is required to have a USDOT number but does not need operating authority (MC number).