Item Number: 1000.3

ADDITIONAL INSURANCE FOR HIGH VALUE SHIPMENTS

  1. Additional coverage insurance for high value shipments originating in the Unites States exceeding the released value of $5.00 per pound per package or article, or shipments originating from or destined to Canada exceeding CDN $2.00 per pound per package or article, the following charges will apply: Pitt Ohio Express will assess the additional charges shown below per each $100.00 in excess of the initial maximum liability ($5.00 or CDN $2.00 per pound), subject to a minimum charge of $25.00. Such charge is in addition to the lawful freight charges otherwise accuring to the shipment. Charges are to be paid by the party responsible for payment of the otherwise applicable freight charge. No discount will apply to this charge. The shipper must indicate in writing , on the Bill of Lading and Shipping Order at time of shipment the total dollar amount of excess coverage requested (See example).

    EXAMPLE: Customers requesting $10,000 coverage would enter on the bill of lading as follows:
    INSURANCE REQUESTED IN THE AMOUNT OF $10,000.
    QUOTE # ________________.

    When the class as provided in the NMFC is:The additional insurance premium per $100.00 will apply:
    CLASS 50 and 55 $1.00 per $100.00
    CLASS 60 and 65 $1.50 per $100.00
    CLASS 70, 77.5 and 85 $2.00 per $100.00
    CLASS 92.5, 100 and 110 $2.50 per $100.00
    CLASS 125 and 150 $3.00 per $100.00
    CLASS 175 and 200 $3.50 per $100.00
    CLASS 250, 300, 400 and 500 $4.00 per $100.00

  2. The term package used in this item means any primary shipping package authorized by the provisions of individual publications or classification items. When a number of packages have been unitized, strapped or fastened together on pallets, platforms skids or have been over-packed in additional complying packages, PITT OHIO’s liability will be determined by separately multiplying the weight of each individual package lost or damaged "times" $5.00 and not on the basis of the weight of the total number of packages.
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  3. Articles tendered with an invoice value stated on the bill of lading at time of shipment exceeding the actual or released value of the article(s) tendered as provided in the NMFC 100 (and successive issues and revisions thereto) classification will not qualify for excess liability coverage.
  4. Additional coverage cannot be applied to any commodity listed in the NMFC with a capped or closed end value that specifically limits the maximum value available. Examples of this are: data processing machines NMFC item 116030 and semi conductors NMFC item 63025.
  5. PITT OHIO reserves the right to review and apply an additional surcharge for shipments on a case by case basis when such shipments are considered to be of extraordinary value. The additional surcharge will be in addition to the cost for additional insurance and all other charges incurred on the bill for services rendered, including but not limited to assessorial charges and fuel surcharges.


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