- 54 -
4. Incurred liability for damage or loss to packages in
excess of $100 when the shipper declared such excess
value and paid an EVC.26
5. Billed shippers for EVC's.
6. Collected EVC's.
7. Deposited EVC's into petitioner's bank accounts.
8. Retained interest paid on EVC income held in
petitioner's accounts.
9. Processed excess value claims.
10. Investigated excess value claims.
11. Traced lost parcels.
12. Inspected damaged parcels.
13. Paid excess value claims.
14. Maintained a "loss prevention" manual and
personnel to audit and implement it.
15. Defended against lawsuits brought by shippers whose
excess value claims had been denied.
16. Incurred all costs associated with the administration
of its excess value activity.
17. Obtained and paid for catastrophic insurance
to cover its liability for lost or damaged shipments.
26Petitioner accepted liability for damage or loss to
packages up to $100 and made payment for such loss or damages.
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