RULE: 12 - AD VALOREM PROVISIONS Eff: 24JAN2022

Effective 24JAN2022
Filed 24JAN2022
Filing Codes IC

a. The liability of the Carrier as to the value of shipments moving
   pursuant to and rated under the rules, regulations, rates and charges
   named in this Tariff and in NRA's governed by this Tariff shall be
   determined in accordance with the clauses of the Carrier's regular Bill
   of Lading form attached in rule 8.
  
b. If the Shipper desires to be covered for a valuation in excess of that
   allowed by the Carrier's regular Bill of Lading form, the Shipper must
   so stipulate in Carrier's Bill of Lading covering such shipments and
   such additional liability only will be assumed by the Carrier at the
   request of the Shipper and upon payment of an additional charge based on
   the total declared valuation in addition to the stipulated NRAs applying
   to the commodities shipped as specified herein. 
  
c. Where value is declared on any piece or package in excess of the Bill of
   Lading limit of value of $500.00 the Ad Valorem rate, specifically
   provided against the item, shall be five (5%) percent of the value
   declared in excess of the said Bill of Lading limit of value and is in
   addition to the base NRA. 

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