- ITEM 170
APPLICATION OF RATES
COMMODITY DESCRIPTION HEADINGS
Descriptive Generic Headings published in tariffs governed by
this tariff which correspond to descriptive headings in the
NMFC, will be understood to include all qualifying statements
shown in NMFC in connection with such headings as well as all
notes in the NMFC to which such headings are made subject. (See
Example)
Example: Where the heading "Nickel Group,
viz.:" is referred to in the heading of a commodity rate item,
such heading will be subject to Item 139740 of NMFC including
the notes named in Items 139742 and 139744 of NMFC.
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- ITEM 180
APPLICATION OF CLASSES AND/OR
RATES
1. When NMFC ratings are subject to a released valuation being
stated on the bill of lading and the shipper fails or declines
to indicate a valuation on the bill of lading at the time of
shipment, the shipment will be considered as being released to
the lowest valuation provided and the shipment will be
transported and charges for subject to such limitation of
liability. This will apply only when released valuation is
required in order to determine a rate and does not apply when
the shipper has the option to release or not to release a
shipment as to value. Claims relating to shipments which have
been rated according to released value classifications, or
shipments with unmarked or refusal to mark the released value
will be paid based upon the invoice value or the NMFC rated
lowest valuation, whichever is less.
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