Valuable Goods: Shipments with Declared Value

Declared Value for Carriage is the value of goods declared by the shipper to the carrier used to determine the charges or to establish de liability limits of the carrier in cases of loss, damage, or delay.

The regulations require the shipper to declare a value for carriage. This declaration may be a specific amount or the letters NVD (No Value Declared) entered in "Declared Value for Carriage" box of the Air Waybill.

Declared Value Taxes

1. The shipper who declares value for carriage must pay a tax equivalent to 0.75% of the value exceeding 17 SDR (Special Drawing Rights) per kilogram, that is approximately US$ 20.00 per kilogram.
2. The charge amount originating from declared value taxes must be entered in the "Valuation charge" box of the corresponding air waybill.
3. If the value declared for carriage reaches US$ 1,000.00 or more per kilogram, the cargo will be treated as "Valuable."

Acceptance

Shipments with declared value will only be accepted for carriage in good quality packing made from pressed carton, wood, or rigid plastic that can sustain the usual contingencies of air transport without breaking. Soft carton, paper, or plastic packing will not be accepted for this type of cargo. Metal straps placed across and along the package to secure it are highly recommended for the transportation of valuables.

LAN CARGO reserves the right to verify, in the shipper's presence, the contents of cargo with declared value for carriage, independent of its final destination.

Additional conditions may apply. Please contact your LAN CARGO office for more details.