Valuation Charges

Valuation charges are fees that shippers need to pay when they declare a value of goods higher than the value set by their transportation carrier. They are usually charged as a percentage of the declared value and can vary from one carrier to another. These charges are designed to protect carriers from additional liability for damaged or lost goods, which could end up costing them more than in standard situations where the declared value is equal to the default limits of liability that carriers have in place.

Understanding valuation charges can help logistics professionals make informed decisions about how best to ship their goods so that they don’t end up having to pay unnecessarily high costs. Some general tips include:

  • choosing carriers who have lower default levels of liability,
  • declaring a low value for goods when they are not particularly valuable,
  • getting insurance to cover the full value of goods in case something does happen to them during transit.

By being aware of valuation charges and how they work, logistics professionals can help ensure that their shipping operations are as efficient and cost-effective as possible.

Related Links

What is Valuation charges? Definition and meaning
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What is the meaning of logistics term – – Ship It Easier
Logistics Glossary – BC Logistics, LLC

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