RULE: 12 - AD VALOREM PROVISIONS Eff: 22MAY2023

Effective 22MAY2023
Filed 22MAY2023
Filing Codes IC

All shipments moving pursuant to and rated under the rules, regulations,
rates and charges named in this Tariff or in NRAs or Rate Tariffs
governed by 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. Overocean Service Liability: While cargo is in transport 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).  Carrier will NOT
   accept, NOR be liable for, any liability greater than such limits.
     
b. Inland Service Liability: While cargo is in transport between U.S.
   Points of Origin or Destination and a U.S. POL or POD as part of a
   through movement, the terms and conditions of Colombo Logistics World
   (PVT) Limited's regular B/L, specifying that the liability for the cargo
   during such portion of the through transportation rests with the
   underlying inland Carrier, applies.  Colombo Logistics World (PVT)
   Limited will NOT accept, NOR be liable for, any liability greater than
   the 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 the actual damages
   sustained when less.
  
e. Where rates or charges are specified in any NRA or Rate Tariffs governed
   by this Tariff, as applying on an Ad Valorem Basis, the value used in
   assessing freight charges shall be the invoice value shown on the
   Shipping Documents and B/L.

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