Common use of Cargo Liability Clause in Contracts

Cargo Liability. Carrier assumes the liability required of an interstate motor common carrier under 49 U.S.C. § 14706, as amended, regardless of whether the shipment is interstate or intrastate in nature. Carrier’s liability for the goods shall be for “full actual loss” which, by this Agreement, includes, but is not limited to the original invoice value charged consignee or the destination marker value of goods lost or damaged, whichever is higher, freight charges, warehousing costs, transportation costs, and all other assessorial charges on loss and damage claims. Carrier’s liability under this Agreement shall commence at the earlier of when Carrier signs the applicable ▇▇▇▇ of lading accepting Broker’s, shipper’s, consignor’s or consignee’s tender of shipment or Carrier has loaded such shipment upon Carrier’s equipment at the point of origin. Carrier’s liability shall end when Carrier has delivered such shipment to the designated destination, has received a signed delivery receipt and nothing further remains to be done by Carrier to deliver the shipment in accordance with the ▇▇▇▇ of lading. If a shipment is refused or Carrier is unable to deliver it for any reason, Carrier shall immediately notify Broker to receive instructions regarding the disposition of the shipment.