- Ad valorem bills of lading are bills of lading that state the value of the cargo.
- The package and weight limitations of the Hague and Hague-Visby Rules do not apply to ad valorem bills of
lading, meaning the carrier’s liability is generally increased. - Standard P&I cover for ad valorem bills of lading is limited to USD 2,500 per unit, piece or package. Additional cover
is available from the Club on request.
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