NMFC Code 196420 - Freight Classification Details
Description
Watches or Watch Movements, see Note, item 196425, value declared in writing by the shipper, or agreed upon in writing as the released value of the property, in accordance with the following, see Notes, items 196422 and 196424:
Notes
NOTE-Boxes must be securely closed to prevent pilferage.NOTE-The released value must be entered on the shipping order and bill of lading in the following form: "The agreed or declared value of the property is hereby specifically stated by the shipper to be not exceeding ______ per watch or watch movement." (Classes herein based on released value have been authorized by the Interstate Commerce Commission in Released Rates Order No. MC-615 of June 7, 1965, as amended September 27, 1982.)
NMFC Sub Class 1 | Freight Class 125
Description
Released value not exceeding $2.00 each, in boxes
NMFC Sub Class 2 | Freight Class 300
Description
Released value exceeding $2.00 each, but not exceeding $10.00 each, in boxes
NMFC Sub Class 3 | Freight Class -
Description
If the shipper fails or declines to execute the statement shown below or designates a value exceeding $10.00 per watch or watch movement, shipment will not be accepted, but if the shipment is inadvertently accepted, charges initially will be assessed on basis of the class for the highest value provided. Upon proof of lower actual value, the freight charges will be adjusted to those that would apply if the shipment had been released to the amount of its actual value.