Thursday, April 15, 2010

DAMEGES BASED ON BILL OF LADING

Compensation for value of goods lost or damaged in transit can be claimed only if the nature or the value of the goods has been declared by the shipper before shipment and inserted in the bill of lading
The valuation should be according to the bill of lading, the supreme court stated last week in the judgment, Cont ship Container Lines Ltd vs. D K Lall.

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