Released Value

Released value is a term used in the shipping industry to refer to the declared value of a shipment for the purpose of determining the maximum liability of a carrier in the event of loss, damage, or theft. It is the maximum amount of compensation a carrier is liable for if the shipment is lost or damaged during transit. Carriers usually offer two types of liability options: released value and full value. Under released value, the carrier’s liability is limited to a predetermined amount per pound of the shipment, while under full value, the carrier is liable for the actual value of the goods.