NMFC Code 70080 - Freight Classification Details

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 pound.' If the shipper fails or declines to execute the above statement or designates a value exceeding $5.00 per pound, shipment will not be accepted, but if shipment is inadvertently accepted, charges initially will be assessed on the 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. (Classes herein based on released value have been authorized by the Interstate Commerce Commission in Released Rates Order No. MC-525 of December 17, 1962, as amended April 25, 1963 and April 10, 1980.)