Released Valuation

Unless otherwise expressly stated, all rates quoted by Forwarder are “released valuation rates” with an agreed limitation of liability for loss, damage or delay as set forth of above, (See Liability Section) regardless of actual value, notations on the bill of lading, customs declarations or other shipping or storage documents notwithstanding. Only upon written declaration, signed and acknowledged by Forwarder, and payment of higher rates shall shipment move or be stored at valuations in excess of those stated above – up to a maximum declared value as set forth in the Liability section. Any attempt to declare a value in excess of maximum declared value shall be null and void, nor shall Forwarder or the underlying Carrier have any liability on any shipment in excess of such amounts.