Carrier Liability – FAK Pricing – Limited Liability –Item 400

 

 

 

 

1.          Carrier's liability will not exceed the maximum liability per pound for classes provided below.

2.          Carrier's liability shall be the actual cost of goods but will not exceed the maximum liability per pound per package. Claims will be based on a per-item or article basis; liability will not be determined on the weight of the entire shipment nor the entire weight of the commodity in question.

3.          If the shipment moves with an FAK (Freight of All Kinds) class or Exception class, Carrier's liability will be the same as that of the FAK class, Exception class or class reduction. For example, an actual class 125 reduced to an FAK or Exception class 70 will be subject to the Maximum Value per pound per package for class 70.

4.          Carrier's liability for loss or damage to any article(s) or part thereof for which the charges are determined by FAK (Freight of All Kinds) class or Exception class is limited to the (1) actual cost of the goods lost, damaged or destroyed; (2) limited liability provisions of the Bill of lading; (3) applicable limited liability provisions of the NMFC;  (4) lowest Released Value shown in the NMFC for the commodity shipped, or $100,000 per incident per Shipper, whichever is less, subject to the maximums by exception class as shown below.

CLASS

MAXIMUM LIABILITY
PER POUND PER PACKAGE

CLASS

MAXIMUM LIABILITY
PER POUND PER PACKAGE

50

$ 0.99

110

$15.25

55

1.98

125

15.81

60

2.53

150

16.10

65

4.90

175

17.15

70

5.50

200

18.10

77.5

7.25

250

20.00

85

10.25

300

20.00

92.5

12.25

400

20.00

100

15.00

500

20.00

NOTE 1: All liability per pound per package will be subject to a maximum Carrier liability of $100,000 per incident per Shipper.