Declared Valuation The shipper’s indication of the value declared for the possessions being shipped, thereby establishing the carrier’s maximum liability for loss or damage to the shipment. If no value is declared, the liability is then controlled by the tariff under which the shipment is moved.
Tag: FMCSA
Deadhead
Deadhead Empty (unloaded) miles traveled by a driver in order to move his or her truck to pick up a paying load.
Cwt
Cwt This abbreviation stands for the rate or charge per 100 pounds.
CP (Carrier Packed)
CP (Carrier Packed) Articles packed into cartons or crates by the carrier, not the shipper.
Consignor
Consignor The person from whom the shipment is picked up.
Consignee
Consignee The person to whom the shipment is to be delivered.
Commercial Shipper
Commercial Shipper Any person who is named as the consignor or consignee in a bill of lading contract who is not the owner of the goods being transported but who assumes the responsibility for payment of the transportation and other tariff charges for the account of the beneficial owner of the goods. The beneficial owner… Continue reading Commercial Shipper
Collect on Delivery (COD)
Collect on Delivery (COD) Shipments where customer pays moving charges at the time of delivery. For COD shipments, payment is required in cash, or by traveler’s check, money order, cashier’s check or credit card (pending a prior credit card approval process). Personal checks are not accepted for payment of COD charges.
Claim
Claim Shipper’s statement of loss or damage to any of his or her household goods while they were in the care of the carrier or its agent. Such a statement is generally made on a “Claim Form.”
Carrier’s Liability For Loss or Damage
Carrier’s Liability For Loss or Damage The liability the carrier assumes for your possessions. There are several different liability options available to you so be sure to ask the carrier’s representative to explain each option, its ramifications and its cost. Carrier’s Liability for Loss or Damage is often incorrectly referred to as “insurance.”