RULE: 12.Z - AD VALOREM RATES Eff: 12MAY2009

Effective 12MAY2009
Filed 12MAY2009
Filing Codes C

All shipments moving pursuant to and rated under the rules,
regulations, rates and charges named in this Tariff are
predicated on Carrier's liability NOT exceeding the limits
specified in the Carrier's regular B/L (see Rule 8) and/or
the provisions named herein.
     
a. Over-ocean Service Liability: While cargo is in transit
   between POL and POD, Carrier's liability shall be
   determined in accordance with the clauses of the
   Carrier's regular B/L (See Rule 8).  If the Shipper
   desires to be covered for a valuation in excess of the
   amount specified in the Carrier's regular B/L, the
   Shipper must so stipulate such desire to Carrier, in
   writing, prior to tender of cargo to Carrier at origin,
   and such desire must be stipulated in the Carrier's B/L
   covering such shipment.  Such additional liability will
   ONLY be assumed by the Carrier upon the payment of an
   additional charge of 3% (three percent) of the total
   declared valuation in excess of the Bill of Lading limit
   specified above.  This Ad Valorem charge shall be in
   ADDITION to all other otherwise applicable rates and
   charges assessed under this Tariff Section.
     
b. Inland Service Liability: While cargo is in transport
   between U.S. Points of Origin or Destination and U.S.
   POL or POD as part of a through movement, the terms,
   conditions and liability of the underlying inland
   Carrier's Tariff or Contract of Carriage will apply.
   UPS's liability will be limited to the same extent, in
   the same amounts and by the same conditions as published
   and enforced by the underlying inland U.S. Domestic
   Carrier.  UPS will NOT accept, NOR be liable for, any
   Liability greater than such limits.
     
c. Neither any oral declaration, nor any statement of value
   for governmental or Customs purposes, nor presentation of
   invoices for use in foreign Customs, nor collection of
   C.O.D. amounts or other purposes, nor the declaration of
   value for insurance, nor instructions to the Carrier to
   insure, shall be deemed a "declaration of value" as
   provided in paragraphs a. and b. above which would
   increase Carrier's stipulated liability, nor shall any
   such offering supplement or amend in any way the
   liability of the Carrier for the cargo at the time of
   shipment, on which charges for transportation services
   are based.
     
d. Regardless of the value declared by the Shipper,
   Carrier's liability will NOT exceed the actual value of
   the cargo or he actual damages sustained when less.

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