RULE: 12 - AD VALOREM RATES Eff: 21FEB2025

Effective 21FEB2025
Filed 21FEB2025
Filing Codes I

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. 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 U.S. POL or POD as part of a
   through movement, the terms and conditions of Serviport Marine Line
   (SVL) Corp.'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.  Serviport Marine Line (SVL) Corp
   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 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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