Released Value

Unless otherwise specified herein, cargo liability on all domestic shipments shall be limited to the higher of $50.00 per shipment or $0.50 per pound of cargo lost or damaged plus transportation charges applicable to that part of the shipment lost or damaged, unless at the time of tender, the Shipper declares a higher value and signs in the space designated on the Waybill. Liability shall in no event exceed the Declared Value of the shipment plus applicable freight charges, or the actual amount of loss or damage, whichever is lower.

When the Shipper declares a value that exceeds $0.50 per pound or $50.00, whichever is greater, an additional charge of $0.60 for each $100.00 or fraction thereof will be charged subject to a minimum charge of $6.00 per Waybill.

In the absence of special arrangements, neither Energy Transport Logistics nor the carrier(s) retained by it shall be liable for cargo damages in excess of $10,000.00 per shipment, regardless of the value declared.