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1. Refer to governing rate basis tariff to
determine appropriate zone for use in
determining the poundage rate.
2. Refer to Item 1000 or 1040 herein.
Released value of shipment:
The rates published in Item 1000 or 1040 are
applicable only when the value of the property
declared in writing by the shipper or agreed upon
in writing as the released value thereof is as
follows:
Released to a value Apply the rates as
not exceeding $100 published in Item
per package or 1000 or 1040.
article not enclosed
in a package
Released to a value Apply the rates as
exceeding $100 per published in Item
package or article 1000 or 1040 as
not enclosed in a base rates, plus a
package value charge of 25
cents for each $100
or fraction thereof
of value in excess
of the valuation in
which the base rate
applies.
Under the provisions of the tariff, petitioner received from
its shippers 25 cents for each additional $100 of declared value
of a package shipped, and petitioner referred to the additional
amount as an "excess value charge" (EVC). If a shipper paid the
EVC of 25 cents per $100 of value, part or all of the declared
value of the package would be paid to the shipper in the event
that the package was damaged, lost, or destroyed. In the event
that a shipper did not declare the value of the package to be in
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Last modified: May 25, 2011