Detailed explanation of air transportation costs, not clear to understand!
Declaration of Value charges are similar to sea or rail carriers, which require the airline to limit its liability to the cargo within certain limits in order to limit operational risks。
The Warsaw Convention provides for a maximum liability for damage or delay in the case of loss of goods caused by the air carrier's own fault or wilful act, generally understood to be US $20 per kilogram, or 9 per kilogram.07 pounds or its equivalent。If the value of the goods exceeds the above value, the air carrier shall be liable for compensation and the carrier shall be charged a declared value fee。In case of additional losses, the carrier shall not be liable for the excess。
The declared value refers to the value of the goods as a whole, and a certain part of the goods may not be declared。The value fee is charged according to the actual gross weight of the goods. The calculation formula is as follows:
Declared Value fee =(Value of goods - total weight of goods x US $20 / kg) x declared value rate。
The ratio of stated value charges is generally 0.5%。Most airlines set minimum requirements for declared value charges along with their declared value rates。If the declared value fee calculated according to the above formula is lower than the airline's minimum standard, the air shipper shall pay the declared value fee according to the airline's minimum standard。
Other additional charges include documentation fees, cash on delivery surcharges, pick-up fees, etc., which are usually only charged when the carrier, air freight agent or central shipper provides services。