Glossary
Declared Value for Carriage
The value of good mentioned on the bill of lading by the supplier.
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What is Declared value for Carriage?
‘Declared value for Carriage’ is the maximum value that an individual can declare for a shipment when sending goods to a different location through a carrier. This is an amount that the carrier will use as the basis for calculating any charges in case of loss or damage to the goods during transit.
Calculating Declared value for Carriage
To calculate the Declared Value for Carriage, first figure out the estimated value of the goods being shipped. Then add any additional costs such as insurance, packing, and shipping fees. The total of these three items is the Declared Value for Carriage.
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