Declared Value. The lowest available storage rate is based upon a declared value not to exceed 60¢ per pound of weight per article, which shall be the value for all purposes herein. Whether or not Depositor opts to purchase valuation coverage or third party insurance, in no event shall the liability of The Warehouseman for loss or damage however caused exceed 60¢ per pound of weight per article. The Warehouseman shall be released and held harmless by Depositor for any and all loss or damage due to causes other than those resulting from the negligence of The Warehouseman and/or its employees.
Appears in 3 contracts
Sources: Storage Agreement, Storage Agreement, Storage Agreement