All shipments tendered to Carrier will be subject to a maximum liability not exceeding $2.00 per pound.
When Consignor or Consignee declares a value in excess of $2.00 per pound the following charges shall be applied:
A charge equal to 2% of the excess value will be added to the otherwise applicable freight charges, subject to a minimum of $26.00.
When Consignor or Consignee tenders to Carrier used or reconditioned articles, Carrier’s maximum liability shall be $0.10 per pound, capped at the total weight of the shipment. No excess liability coverage will be available.