Carrier Liability – FAK Pricing – Limited Liability –Item 400
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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.
NOTE
1: All liability per pound per package will be subject to a maximum Carrier
liability of $100,000 per incident per Shipper. |