Please read the following very carefully. It describes the limits of liability for Commodity Forwarders for all handling including misloading, temperature abuse or inventory discrepancies while in the possession of Commodity Forwarders. Coverage against Commodity Forwarders is to be considered separate from claims that result from a delay or negligence by a steamship, airline or trucking carrier that CFI coordinates on your behalf. After reading and reviewing your options please indicate by signature below whether you want the option to purchase declared value coverage or whether you are waiving this option and fully understand the limitations as noted.
Be advised you must complete both sections as the charges for CFI services and 3rd party carrier’s charges are billed separately and not to be considered once in the same.
3rd Party Carrier’s Limits of Liability - (A delay is described as anything over 48 hours in transit.)
1) For domestic shipments a Carrier’s maximum liability will be $.50 cents per pound/per shipment (but not less then $50.00 per shipment.) For iInternaitonal shipments a Carrier’s maximum liability will be $20.00 per kilo; unless the shipper declares a higher value (for an additional charge) on the air waybill at the time the shipment is tendered to the carrier.
2) For an additional charge the Shipper may declare a higher value for coverage, which will allow them to collect full value for the product. This coverage will only protect the shipper in the event that there is a delay in excess of 48 hours in transit or clear negligence by the domestic carrier.
Commodity Forwarders Limits of Liability
1) Commodity Forwarders maximum liability will be $.50 cents per pound/per shipment (but not less then $50.00 per shipment if the claim value does exceed $50.00), unless the shipper declares a higher value (for an additional charge - $1.00 per $100.00) at the time the shipment is booked with CFI.
2) For an additional charge the Shipper may declare a higher value for coverage, which will allow them to collect full value for the product in the event of a claims resulting from a CFI provided handling service not including a claim that results from a delay or negligence by a steamship, airline or trucking carrier that CFI coordinates on your behalf.