released valuation

released valuation
noun
: a value lower than the usual commercial value of a commodity agreed upon by carriers and shippers to obtain a released rate and reduced carrier liability — compare agreed valuation

Useful english dictionary. 2012.

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  • agreed valuation — noun : the value of articles or shipments agreed upon by shipper and carrier in order to obtain a specific rating or limited liability compare released valuation …   Useful english dictionary

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