true valuation clause
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 294 U.S. 494 - The Ansaldo San Giorgio I v. Rheinstrom Bros. · 1935Most cited · 262 citing opinions
The other is a true valuation clause. It is to the effect that in event of loss or damage for which the carrier is liable, the same shall be computed on the basis of the value of the goods at the place and time of shipment.