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TeachMeFinance.com - explain Interchange Agreement Interchange Agreement -- An agreement that specifically lays out the terms of leasing or temporarily borrowing equipment from a carrier. A frequent use of an interchange agreement is between an ocean carrier and a trucking company when the trucking company takes a container from the pier for delivery to the consignee. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.