RULE: 12 - AD VALOREM RATES Eff: 27JAN1994
| Effective | 27JAN1994 |
|---|---|
| Filed | 27JAN1994 |
| Filing Codes | S |
| Case No | 008212 |
A. General: Where a commodity item specifies a freight rate in the form of an ad valorem charge, such ad valorem rate must be assessed whether or not Shipper elects to show the value on the Bill of Lading. If the value is shown on the Bill of Lading, the cargo will be subject to an additional ad valorem charge as specified in Rule 12.B. below. In respect to all other cargo, where the Shipper desires to be covered for a valuation in excess of the Carrier's liability and/or elects to show value of the goods on the Bills of Lading, Ad Valorem charges shall be assessed in accordance with Rule 12.B. below. B. Carrier's Liability: The liability of the Carrier as to the value of shipments at the TLIs provided in this Tariff shall be determined in accordance with the Carrier's Bill of Lading. If the Shipper desires to be covered for a valuation in excess of that allowed by the Carrier's regular Bill of Lading, the Shipper must so stipulate in the manner required by the Carrier's Bill of Lading covering such shipment and such additional liability only will be assumed by the Carrier at the request of the Shipper and upon payment of an additional charge of two percent (2%) Ad Valorem of the total declared valuation in addition to the stipulated TLI on the commodities shipped as specified herein. A Shipper who has elected to show value of the goods on the Bill of Lading shall be deemed to have desired to be covered for the value in excess of that allowed by the Carrier's regular Bill of Lading, and shall be assessed the additional ad valorem charge contained in this Rule.