VALUATION
(A) As used in this tariff, the phrases, "released value", "declared value", "value declared by shipper", and
"lump sum value" shall have the same meaning.
(B) On any shipment where the transportation charge is based on weight and distance and/or hourly rated
movements pursuant to the provisions of this tariff, the carrier's maximum liability shall be either (1)
$1.25 times the actual weight (in pounds) of the shipment (constructive weight on hourly shipments see
Rule 29(B) (Basis of Weight)), or the declared lump sum value, whichever is greater; or (2) $.60 per
pound for the actual weight of any lost or damaged article or articles, if the shipment has been
expressly released by the shipper to such value per article. Unless the shipper expressly releases the
shipment to a value not exceeding $.60 per pound per article, the carrier's maximum liability for loss
and damage shall be either the lump sum value declared by the shipper or an amount equal to $1.25
for each pound of weight in the shipment, whichever is greater.
(C) The released value must be shown on the bill of lading in the following form and must be initialed
only by the person signing the bill of lading:
VALUATION: Shipper must initial the option selected.
______ Basic Value Protection. I release this shipment to a value of $.60 per pound per article.
______ Depreciated Value Protection. I release this shipment to a value of $1.25 times actual weight
in pounds of shipment or declared lump sum value of $______, less depreciation. (Declared value
must be at least $1.25 per pound times weight of shipment.)
______ Full Value Protection. I release this shipment to a value of $4.00 times actual weight in
pounds of shipment or declared lump sum value of $______. (Declared value must be at least $4.00
per pound times weight of shipment.)
See attached "Addendum to Uniform Household Goods Bill of Lading."
(D) If the shipper fails to make the entry required in subsection (C) of this rule, the shipment will be
deemed released to an amount equal to $1.25 times the actual weight of the shipment (in pounds).
(E) The released value and the carrier's maximum liability (whether or not loss or damage occurred from
carrier negligence), as determined under this rule, shall apply to any claims resulting from the
performance or failure to perform by carrier of any services, including accessorial services, which
carrier has contracted to perform.
(F) Full Value Protection - See Section IV, Item 18.
DEPRECIATION VALUATION CHARGES
Depreciated Valuation will apply unless shipper expressly releases the shipment to a value not exceeding $.60
cents per pound per article or selects Full Value Protection (see Item 18). If shipper does not choose an
option, the shipment defaults to Depreciated Value Protection which requires payment from the shipper.
On shipments expressly released to a minimum value of $1.25 per pound times weight of shipment, the
following valuation charge will be assessed: For each $100.00 or fraction thereof, of released or declared
value - $.50 per each $100.00. EXAMPLE: Shipment valuation calculation for a value of $20,335.00. Since
$35.00 is a fraction of $100.00, the charge will be based on a valuation of $20,400.00.
ON SHIPMENTS WHICH ALSO INVOLVE STORAGE-IN-TRANSIT, the following additional valuation
charge will apply: For each storage period of 30 days or fraction thereof, the additional valuation rate of 10
percent of the applicable storage-in-transit rate provided for in Item 13.
NOTE: If the shipper wishes to avoid these depreciation valuation charges, he must agree that if any articles
are lost or damaged, the carrier's liability will not exceed $.60 cents per pound for the actual weight for any
lost or damaged article or articles in the shipment.
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FULL VALUE PROTECTION
(A) When Full Value Protection is ordered in writing by the customer, carrier will guarantee either
replacement of articles lost or damaged while in carrier's custody, reimbursement for full replacement cost (as
determined by current market value), or repairs or the cost of repairs to damaged item(s) to the extent
necessary to restore the item to the same condition as when received by carrier from the shipper. Actual
replacement articles, if any, shall consist of articles of like kind and quality without deduction for
depreciation.
(B) Carrier's maximum liability shall not exceed the released or declared value on the shipment or the full
cost of repair to the damaged property, whichever is less. Carrier shall have the option of repair or
replacement of damaged articles.
(C) All items which are replaced or for which the full current market value has been paid become the
property of the carrier.
(D) Full Value Protection will be provided by carrier only if shipment is declared or released to a minimum
valuation of $4.00 for each pound of weight in the shipment.
EXCEPTIONS:
1. In lieu of rates in Item 17 (Depreciation Valuation Charges), the rate for Full Value Protection provided by
the carrier will be $.75 for each $100.00 or fraction thereof, of release or declared value. (The additional
valuation charge for storage-in-transit will apply.)
EXAMPLE: Shipment valuation calculation for a value of $20,335.00. Since $35.00 is a fraction of $100.00,
the charge would be based on a valuation of $20,400.00.
2. Full Value Protection in this item applies only to shipments of household goods as defined in Rule 4
(Commodity Description).
3. Protection under this item will not apply to specific articles or matched sets of articles which are valued at
$3,000 or more, unless shipper puts carrier on notice in writing that such articles are included in the shipment.
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