Valuable Goods: Documentation

It is very important to carefully fill out the requested information on the Air Waybill.

To complete the Air Waybill information:

The "Nature and Quantity of Goods" box on the air waybill must contain an exact description of the goods (i.e. gold, industrial diamonds, etc.) and, when appropriate, the size or volume of the pieces must be stated.

The "Value Declared for Carriage" box must be completed as follows:

1. The declared value amount must be stated in the currency in which the Air Waybill has been issued as stated in the official cargo tariff manuals.
2. The Declared Value for Carriage in one Air Waybill must not exceed US$ 100,000.00 or its equivalent.
3. If the shipper does not declare a value, the letters "NVD" (No Value Declared) must be included in the "Value Declared for Carriage" box of the Air Waybill. The words "No Value" or a series of XXX or any other sign are not acceptable.
4. The "Value Declared for Carriage" box of the Air Waybill must not be left blank. It must show a value declared by the shipper or the letters "NVD".

A Security Tax of US$ 100.00 will be charged for each shipment of valuable goods. The said amount must be entered in the "Total Other Charges Due to Carrier" and in the "Other Charges" box of the Air Waybill preceded by the letters "SCC".

Consignments valued at more than US$ 20 per kilogram will be assessed valuation charges not less than 0.75% of the shipper's declared value.

If the shipper does not declare value for carriage for any valuable cargo as stated above, this cargo will be considered as valuable for the purpose of the transportation charges as stated in theIATA Cargo Manuals.

* The shipper must be aware that one of the purposes of Air Waybills is to serve as a Customs declaration at origin or destination. Some shippers often use generic names for the cargo. This act may be considered as a false declaration by Customs and it may result in the confiscation or forfeiture of the entire shipment by the customs authorities. The shipper must ensure that the information entered in the Air waybill is accurate.