BN Business News
Add your company to Business Communicator →

Regulacje i polityka gospodarcza · 18.11.1996

Cargo Liability of Carrier

This is a final notice. Affected rules are MTMC Freight Traffic Rules Publication No. 1A (MFTRP No. 1A), Items 112, 113, 115, and 116, effective April 24, 1990. The new liability will be: ``For all shipments weighing less than 15,000 pounds, the carrier's liability for lost and/or damaged cargo will be limited to the lowest dollar amount of either $50,000 or the actual amount of the loss and/or damage to the article(s). Should a shipper desire to declare and establish a cargo liability for an amount greater than $50,000, the carrier agrees to provide this increased liability coverage for $____ per each $100 increase in lost and/or damaged cargo liability over the maximum liability. For all shipments weighing 15,000 pounds and over, the carrier's liability for lost and/or damaged cargo will be limited to the lowest dollar amount of either $150,000 or the actual amount of the loss and/or damage to the article(s). Should a shipper desire to declare and establish a cargo liability for an amount greater than $150,000, the carrier agrees to provide this increased liability coverage for $____ per each $100 increase in lost and/or damaged cargo liability over the maximum liability.''

Source: Federal Register — All DocumentsOpen original release →