RULE: 8 - AD VALOREM RATES Eff: 01JAN2018
| Effective | 01JAN2018 |
|---|---|
| Filed | 01JAN2018 |
| Filing Codes | I |
Carrier's liability for cargo transported by it shall be governed by the terms of Carrier's bill of lading. If Merchant wishes Carrier to bear a greater level of responsibility than that provided for in the bill of lading, Merchant must so indicate on Carrier's bill of lading and provide Carrier with the value of the goods to be shipped under said bill of lading. In the event of such election by Merchant, Carrier shall be liable for the stated value of the goods upon receipt of payment by Merchant of the ocean freight rate and charges otherwise applicable to the movement of such goods, plus additional freight equal to 0.75% of the declared value of the goods.
