Item 222 - Excessive Value / Liability Charge
Definition of Extraordinary Value
Articles tendered with a value greater than the applicable limitations will be considered of extraordinary value.
Articles of extraordinary value will be accepted for shipment, subject to the liability limitations stated herein.
Excess Liability Coverage
The Shipper may request excess liability coverage on the Bill of Lading, paying an additional charge as detailed in Rules Tariff UTPA 110 series Item 107. Shipper-declared values exceeding liability maximums will be considered as a request for excess coverage, and additional charges will be applied.
Liability Limitations
**NOTICE:** Carrier shall not be liable for loss of profit, income, interest, attorney fees, or any special, incidental, or consequential damages.
Additional Charges
An additional charge of 1% of the declared value exceeding the initial maximum liability will be assessed.
The minimum excess value coverage charge is $45.00.
This charge is in addition to the Carrier’s freight charges and must be paid by the party responsible for payment.
References
Refer to Rules Tariff UTPA 110 series Item 119 for rules and charges regarding specific articles.
The maximum coverage shall not exceed $100,000.00 per shipment.
Notes
1. **Shipper's Intent:** The Shipper must clearly indicate in writing on the Bill of Lading the intent to request additional excess value and the total dollar amount of excess value coverage requested. - **EXAMPLE:** “Excess value coverage requested: $____________” [insert applicable amount]. 2. **Payment Responsibility:** Excess value charges must be paid by the party responsible for payment of the freight charges. 3. **Unitized Shipments Liability:** When pieces have been unitized, strapped, boxed, packaged, or contained on pallets, the Carrier's liability will be determined by separately multiplying the lowest level of liability for the commodity shipped times the weight of individual pieces lost or damaged, not based on the total weight of pieces.
