Declared value for carriage

Declared value for carriage,

Definition of Declared value for carriage:

  1. Value of a shipment as declared by its shipper to serve as the basis for computing freight charges, and for limiting the carriers liability for damage, loss, or delay. It usually reflects the cost price of the shipment, and is normally lower than the declared value for customs.

Meaning of Declared value for carriage & Declared value for carriage Definition