How to calculate the declared value of the goods
There are many aspects to calculating the declared value of a cargo, and we will examine this issue in more detail, depth and comprehensively**.
1. The basic concept of the declared value of the goods.
The declared value of the goods, also known as the insured transportation of the goods, means that the shipper declares the actual value of the goods to the carrier and pays a certain insurance fee when consigning the goods.
When the goods are lost or damaged during transportation, the carrier will compensate according to the value of the goods declared by the shipper. The purpose of this system is to protect the rights and interests of shippers and ensure that they can receive reasonable financial compensation in the event of loss of goods.
2. Principles for calculating the declared value of goods.
Principle of accuracy: The declared value of the goods should reflect its actual value as accurately as possible. Statements that are too high or too low can lead to unfair or inadequate compensation.
Principle of reasonableness: When determining the declared value of the goods, factors such as the market of the goods, transportation risks, and rates should be comprehensively considered to ensure that the declared value is neither too high nor too low.
Principle of certainty: The declared value of the goods should be clearly marked in the contract of carriage or related documents so that they can be well documented in the event of a dispute.
3. The calculation method of the declared value of the goods.
Calculated by actual value of goods: This is the most common method, where the declared value of the goods is equal to its actual market value. This method is simple and fair for goods that are easy to determine the market**.
Contract**: In some cases, there may be a difference between the actual value of the goods and the contract**. In this case, the declared value of the goods can be determined in accordance with the contract**.
Negotiated Calculation**: When it is difficult to determine both the actual value of the goods and the contract**, the shipper and the carrier can negotiate to determine the declared value of the goods.
4. Factors affecting the declared value of the goods.
Nature and Kind of Goods: Different types and types of goods have different market values and transportation risks, and therefore different declared values.
Modes and routes of transport: Different modes and routes of transport mean different risks and costs of transport, which will also affect the determination of the declared value of the goods.
Insurance Rates and Policies: Different insurance companies and shipping companies may have different rates and policies, which will directly affect the calculation of the declared value of the cargo.
5. Practical suggestions for the declared value of goods.
Fully understand the market and policies: Before determining the declared value of the cargo, the shipper should fully understand the market** of the cargo and the relevant policies of the insurance company.
Reasonable assessment of risk: The shipper should make a reasonable assessment of the risk to the carriage of the goods in order to determine a declared value that is neither too high nor too low.
Clearly mark and retain evidence: Clearly mark the declared value of the goods on the contract of carriage or related documents, and properly retain the relevant evidence to protect your rights and interests in the event of a dispute.
Consult professionals in a timely manner: When faced with complex transportation and insurance issues, shippers can consult professional logistics or insurance consultants in a timely manner to obtain more accurate and professional advice.
To sum up, the calculation of the declared value of the goods not only involves the actual value of the goods and the market situation, but also closely related to many factors such as the mode of transportation and insurance policies.
In order to ensure the safety of the cargo during transportation and obtain reasonable compensation, the shipper needs to consider these factors comprehensively and follow certain calculation principles and methods to determine the declared value of the cargo. At the same time, communication and consultation with professionals is also an important means to ensure the accuracy and rationality of decision-making.