ITEM 110 Released Value Commodities

Where NMF 100 provides for a released value on the commodity shipped, the following will apply:

  1. The released value, which shall be deemed to relate to each article separately and not to the shipment as a whole, must be entered on the shipping order and bill of lading in the following form:


      2. "The agreed or declared value of each article in this shipment is hereby specifically stated by the shipper to be not exceeding __________ per pound."

  2. If shipper fails to execute the above statement or designates a value exceeding the maximum released value allowed as provided in the applicable item of NMF 100, the shipment will not be accepted, but if shipment is inadvertently accepted, it will be considered as being released at the lowest valuation provided and shipment will move and be charged for, on the basis of such limitation of liability.


  3. On any shipment that includes a commodity subject to a released value:


    1. Class rate minimum charges without discounts apply on minimum charge shipments unless the shipper releases the shipment to the lowest valuation in NMF 100 for the commodity(s) shipped.


    2. Reduced minimum charges and FAK (single factor rates) will only apply when released to the lowest valuation in NMFC 100 for the commodity(s) shipped.


  4. Miscellaneous


    1. Class Rates and all tariff provisions pertaining to class rate applications on shipments released to a specific or maximum value shall be the current class rates and charges in effect at time of shipment.


    2. Any disclaimer in tariffs which provides non-application of class rate applications on shipments released to specific or maximum value shall not apply.


    3. The term class rate applications describes all tariff provisions required for the application of class rate charges including Class Rate Tables; Class Ratings; Rate basis Numbers of distance factors of all kinds; allowances, discounts, rate adjustments or column commodity rates expressed as a percentage of class rates or class rate charges; general increases, arbitraries and minimum charges applicable thereto: to the extent that the carrier for whose account this tariff is filed is party to such tariff provisions