RULE: 12 - AD VALOREM RATES Eff: 12SEP1995
| Effective | 12SEP1995 |
|---|---|
| Filed | 09AUG1995 |
| Filing Codes | I |
A. The liability of the carrier as to the value of
shipment at the rates herein provided shall be
determined in accordance with the clauses of
the carrier's regular Bill of Lading form.
B. If the shipper desires to be covered for a valuation
in excess of that allowed by the carrier's regular
Bill of Lading form, the shipper must so stipulate
in carrier's Bill of Lading covering such shipments
and such additional liability only will be assumed by
the carrier at the request of the shipper and upon
payment of an additional charge based on the total
declared valuation in addition to the stipulated
rates applying on the commodities shipped as
specified herein.
C. Where value is declared on any piece or package in
excess of the Bill of Lading limit of value of
$500.00, the Ad Valorem rate, specifically
provided against the item, shall be three and three
quarters per cent (3-3/4%) of the value declared in
excess of the said Bill of Lading Limit of Value
and is in addition to the base rate.