RULE: 12 - AD VALOREM RATES Eff: 07NOV2016
| Effective | 07NOV2016 |
|---|---|
| Filed | 07NOV2016 |
| Filing Codes | I |
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). 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
(upto a maximum of $50,000.00 per shipment) will ONLY be
assumed by the Carrier upon the payment of an additional
charge of 6% (six percent) of the total valuation
declared by the Shipper. This Ad Valorem charge shall
be in ADDITION to all other otherwise applicable rates
and charges assessed under this Tariff.
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 VTG Tanktainer GmbH'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. VTG Tanktainer
GmbH 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.
