RULE: 12 - AD VALOREM PROVISIONS AND CHARGES Eff: 22APR2014
| Effective | 22APR2014 |
|---|---|
| Filed | 22APR2014 |
| Filing Codes | I |
All shipments moving pursuant to and rated under the rules,
regulations, rates and charges named in this Tariff Section
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: When cargo is in transport between
POL and POD, Carrier's liability shall be determined in accordance
with the clauses of the Carrier's applicable B/L (See Rule 8).
If the Shipper desires Carrier to accept a higher liability limit
than that specified in its B/L, Shipper MUST so stipulate such
desire to Carrier, in writing, prior to tender of cargo to Carrier
at origin. Such additional liability will ONLY be assumed by the
Carrier upon the payment of an additional charge of 5% (five
percent) of the 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. Sunjin Logistics Co., Ltd.'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. Sunjin Logistics Co., Ltd. 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 Section 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.
