In the absence of a declared value on the waybill, your products can not be fully covered by the carrier or the insurance carrier for the loss.
as the bill of lading is the contract between the shipper and carrier. For example, it contains details such as the name and address of the sender (the seller or the person subject of wanting to be shipped), the date, the point of origin, the names of the carriers (s 'there is more than one), name and address of the consignee (purchaser or recipient of the goods), destination the goods are shipped and the details of the goods shipped, including weight and description for name a few.
Under the bill of lading Alberta and conditions of carriage regulation AR313 / 02 Schedule 3 General Conditions of Carriage (General Hauling), Section 10 - Limits the maximum liability to $ 2 pound ($ 4.41 per kilogram), unless a higher value is declared on the face of the bill of lading by the shipper.
what this means is that if you send $ 100,000 in goods that weigh 10,000 pounds, and these products are damaged or lost in transit, the carrier would only be legally liable to you for a maximum of 20 000 $.
to ensure your belongings are adequately covered for their true value, you must always declare the value of the goods on the bill of lading. For property with an exceptionally high monetary value, you should always be asking the carrier's insurance certificates to verify coverage, limits and deductibles that your products will be subjected to.
If you have questions about the above or other alternative transport insurance, please contact your Rogers Stieg Transportation insurance broker who will be happy to discuss the best way for you to manage this risk.
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