Declared value is one of the key features that affect shipping costs and the insurance coverage you need. Any business owner that regularly delivers packages to clients needs to understand the differences between these shipping terms in order to run a successful business operation.
And the first thing to remember is that declared value is not shipping insurance, as they are so often confused. This article will explain what declared value is, how it is calculated, and how it differs from customs value and shipping liability. By the end, you should have in-depth knowledge of how sending parcels works from start to finish. So, let us start with the basics.
The declared value of a shipment is the worth of a package according to the shipper. Often, it is not the same as the customs value. Your stated declared value should be as accurate as possible.
For personal senders, the declared value should be the cost at which the item/items were purchased. For businesses that are sending packages to their clients, the declared value should be the cost at which you intend to sell the item/items.
Couriers use the declared value of each package as one of the factors that determine the shipping rate. Higher-value shipments will commonly have higher shipping rates. Couriers also used declared value to determine the maximum amount you can recover from insurance if your package is lost or damaged.
Again, declared value is not shipping insurance.
Customs uses the declared value of imported goods to calculate the tax or duty for the shipment. This is why it is so important to assign the correct declared value – you could either end up paying more than necessary or be held liable if you make a false declaration.
In case customs suspects your declared value is too low, they will hold your package until you can provide proof of purchase.
The declared value is what you declare your shipment to be worth, while customs value is what a customs officer determines your shipment is worth (often based on your declared value). These two values should be the same. As we have mentioned previously, if they are not, you will pay more in taxes, get your package held, or even be held liable.
The declared value of your shipment increases the standard limits of liability of your carrier for a higher shipping rate. However, carriers have a maximum liability for which they are responsible for, which is often not enough to cover the value of expensive items.
Further, while the declared value increases the limits of liability, it does not change the terms of the bill of lading. In other words, you would still need to prove that your carrier was responsible for damage or loss to recover your money. For instance, you will not be able to recover your money if the cargo was lost or damaged due to natural disasters or war.
Shipping insurance, on the other hand, can cover the full value even of high-end items, based on the terms of your contract. Additionally, unless the terms and conditions of your contract state otherwise, with shipping insurance you can claim insurance regardless of the reasons why the cargo was damaged or lost.
Thus, in most cases, it is only necessary to prove that the loss occurred and you have a valid basis for a claim.
Each carrier has its own regulations and you should always consult with a customer service representative if you are using them to transport your packages. However, many of the basic policies regarding declared value are often the same.
Namely, if you do not set a declared value on your shipment, most carriers automatically set liability to $100. Then, the declared value is not insurance coverage and you can insure your package for a higher amount. Finally, the maximum declared value for most carriers is $50,000, and even that only in specific circumstances.
If you are sending high-value items, yes, getting third-party shipping insurance is still necessary. Shipping insurance will increase the cost of your shipment, but your coverage will be more expansive, cover high-value items, and the claims process is often quicker.
Unival Logistics provides end-to-end shipping solutions for your high-value items. We will choose optimal routes so that your packages can arrive as quickly as possible and are handled by the fewest people possible, to minimize the chance of human error.
On top of that, you can get insurance coverage of up to $150,000 at the lowest rates. You can track your packages in real time via our tracking system and if you are running an online business, you can integrate your website's functionality with our API, to streamline the process.
From start to finish, Unival will take care of your logistics needs.
Latest blogs
Should You Get Third-Party Insurance when Shipping Expensive Goods?
Mon, Jul 4th 2022, 16:42
Innovations in Shipping Technology: How the Industry Is Changing?
Fri, Jul 1st 2022, 13:42
What Is Declared Value? – and How It Differs from Shipping Insurance
Fri, Jul 1st 2022, 10:26
Logistics vs. Supply Chain Management: What Are the Differences?
Fri, Jul 1st 2022, 10:01
Categories
defaultGet premium full-value shipping insurance at affordable rates and be sure your parcels are 100% safe during transport. Work with a logistics powerhouse - get in touch with us today.
Want a peace of mind when shipping valuable packages? Our experts are happy to ansver any questions you may have and provide you with a tailored soulution that meets your unique shipping needs. Email us today and ship your luxury items with ease!
No post data.
No querystring data.
Query | Affected | Num. rows | Took (ms) | Actions |
---|---|---|---|---|
SELECT `Content`.`id`, `Content`.`slug`, `Content`.`parent_id`, `Content`.`lft`, `Content`.`rght`, `Content`.`keywords`, `Content`.`description`, `Content`.`title`, `Content`.`long_title`, `Content`.`header_bar`, `Content`.`body`, `Content`.`redirect`, `Content`.`icon`, `Content`.`created`, `Content`.`modified` FROM `unidev`.`content` AS `Content` WHERE `slug` LIKE 'declared-value%' LIMIT 1 | 0 | 0 | 3 | maybe slow |
SELECT `BlogPost`.`id`, `BlogPost`.`user_id`, `BlogPost`.`blog_id`, `BlogPost`.`autor_name`, `BlogPost`.`title`, `BlogPost`.`slug`, `BlogPost`.`body`, `BlogPost`.`images`, `BlogPost`.`description`, `BlogPost`.`keywords`, `BlogPost`.`active`, `BlogPost`.`deleted`, `BlogPost`.`archived`, `BlogPost`.`tags`, `BlogPost`.`created`, `BlogPost`.`modified`, `BlogPost`.`lng`, `BlogPost`.`index`, `BlogPost`.`canonical`, `BlogPost`.`blog_author_id`, `BlogPost`.`intro_image`, `BlogPost`.`title_seo`, `User`.`id`, `User`.`email`, `User`.`password`, `User`.`public_id`, `User`.`active`, `User`.`tokenhash`, `User`.`avatar`, `User`.`created`, `User`.`modified`, `Blog`.`id`, `Blog`.`title`, `Blog`.`description`, `Blog`.`active`, `Blog`.`deleted`, `Blog`.`created`, `Blog`.`modified`, `Blog`.`lng`, `BlogPostAuthor`.`id`, `BlogPostAuthor`.`name`, `BlogPostAuthor`.`description`, `BlogPostAuthor`.`image`, `BlogPostAuthor`.`title`, `BlogPostAuthor`.`linkedin_link`, `BlogPostAuthor`.`created`, `BlogPostAuthor`.`modefied` FROM `unidev`.`blog_post` AS `BlogPost` LEFT JOIN `unidev`.`users` AS `User` ON (`BlogPost`.`user_id` = `User`.`id`) LEFT JOIN `unidev`.`blog` AS `Blog` ON (`BlogPost`.`blog_id` = `Blog`.`id`) LEFT JOIN `unidev`.`blog_authors` AS `BlogPostAuthor` ON (`BlogPost`.`blog_author_id` = `BlogPostAuthor`.`id`) WHERE `slug` LIKE 'declared-value%' LIMIT 1 | 1 | 1 | 3 | maybe slow |
SELECT `BlogPost`.`id`, `BlogPost`.`user_id`, `BlogPost`.`blog_id`, `BlogPost`.`autor_name`, `BlogPost`.`title`, `BlogPost`.`slug`, `BlogPost`.`body`, `BlogPost`.`images`, `BlogPost`.`description`, `BlogPost`.`keywords`, `BlogPost`.`active`, `BlogPost`.`deleted`, `BlogPost`.`archived`, `BlogPost`.`tags`, `BlogPost`.`created`, `BlogPost`.`modified`, `BlogPost`.`lng`, `BlogPost`.`index`, `BlogPost`.`canonical`, `BlogPost`.`blog_author_id`, `BlogPost`.`intro_image`, `BlogPost`.`title_seo` FROM `unidev`.`blog_post` AS `BlogPost` WHERE `active` = '1' ORDER BY `created` desc LIMIT 5 | 5 | 5 | 1 | maybe slow |
SELECT COUNT(*) AS `count` FROM `unidev`.`blog_post` AS `BlogPost` WHERE `BlogPost`.`id` = 46 | 1 | 1 | 1 | |
SELECT `BlogPost`.`id`, `BlogPost`.`user_id`, `BlogPost`.`blog_id`, `BlogPost`.`autor_name`, `BlogPost`.`title`, `BlogPost`.`slug`, `BlogPost`.`body`, `BlogPost`.`images`, `BlogPost`.`description`, `BlogPost`.`keywords`, `BlogPost`.`active`, `BlogPost`.`deleted`, `BlogPost`.`archived`, `BlogPost`.`tags`, `BlogPost`.`created`, `BlogPost`.`modified`, `BlogPost`.`lng`, `BlogPost`.`index`, `BlogPost`.`canonical`, `BlogPost`.`blog_author_id`, `BlogPost`.`intro_image`, `BlogPost`.`title_seo`, `User`.`id`, `User`.`email`, `User`.`password`, `User`.`public_id`, `User`.`active`, `User`.`tokenhash`, `User`.`avatar`, `User`.`created`, `User`.`modified`, `Blog`.`id`, `Blog`.`title`, `Blog`.`description`, `Blog`.`active`, `Blog`.`deleted`, `Blog`.`created`, `Blog`.`modified`, `Blog`.`lng`, `BlogPostAuthor`.`id`, `BlogPostAuthor`.`name`, `BlogPostAuthor`.`description`, `BlogPostAuthor`.`image`, `BlogPostAuthor`.`title`, `BlogPostAuthor`.`linkedin_link`, `BlogPostAuthor`.`created`, `BlogPostAuthor`.`modefied` FROM `unidev`.`blog_post` AS `BlogPost` LEFT JOIN `unidev`.`users` AS `User` ON (`BlogPost`.`user_id` = `User`.`id`) LEFT JOIN `unidev`.`blog` AS `Blog` ON (`BlogPost`.`blog_id` = `Blog`.`id`) LEFT JOIN `unidev`.`blog_authors` AS `BlogPostAuthor` ON (`BlogPost`.`blog_author_id` = `BlogPostAuthor`.`id`) WHERE `BlogPost`.`id` = 46 LIMIT 1 | 1 | 1 | 1 | |
SELECT `BlogPost`.`slug`, `BlogPost`.`title` FROM `unidev`.`blog_post` AS `BlogPost` LEFT JOIN `unidev`.`users` AS `User` ON (`BlogPost`.`user_id` = `User`.`id`) LEFT JOIN `unidev`.`blog` AS `Blog` ON (`BlogPost`.`blog_id` = `Blog`.`id`) LEFT JOIN `unidev`.`blog_authors` AS `BlogPostAuthor` ON (`BlogPost`.`blog_author_id` = `BlogPostAuthor`.`id`) WHERE `BlogPost`.`id` < 46 AND `Blog`.`id` = 1 ORDER BY `BlogPost`.`id` ASC LIMIT 1 | 1 | 1 | 1 | |
SELECT `BlogPost`.`slug`, `BlogPost`.`title` FROM `unidev`.`blog_post` AS `BlogPost` LEFT JOIN `unidev`.`users` AS `User` ON (`BlogPost`.`user_id` = `User`.`id`) LEFT JOIN `unidev`.`blog` AS `Blog` ON (`BlogPost`.`blog_id` = `Blog`.`id`) LEFT JOIN `unidev`.`blog_authors` AS `BlogPostAuthor` ON (`BlogPost`.`blog_author_id` = `BlogPostAuthor`.`id`) WHERE `BlogPost`.`id` > 46 AND `Blog`.`id` = 1 ORDER BY `BlogPost`.`id` ASC LIMIT 1 | 1 | 1 | 0 | |
SELECT `Blog`.`id`, `Blog`.`title`, `Blog`.`description`, `Blog`.`active`, `Blog`.`deleted`, `Blog`.`created`, `Blog`.`modified`, `Blog`.`lng` FROM `unidev`.`blog` AS `Blog` WHERE `Blog`.`active` = '1' | 1 | 1 | 0 | |
SELECT `BlogPost`.`id`, `BlogPost`.`user_id`, `BlogPost`.`blog_id`, `BlogPost`.`autor_name`, `BlogPost`.`title`, `BlogPost`.`slug`, `BlogPost`.`body`, `BlogPost`.`images`, `BlogPost`.`description`, `BlogPost`.`keywords`, `BlogPost`.`active`, `BlogPost`.`deleted`, `BlogPost`.`archived`, `BlogPost`.`tags`, `BlogPost`.`created`, `BlogPost`.`modified`, `BlogPost`.`lng`, `BlogPost`.`index`, `BlogPost`.`canonical`, `BlogPost`.`blog_author_id`, `BlogPost`.`intro_image`, `BlogPost`.`title_seo` FROM `unidev`.`blog_post` AS `BlogPost` WHERE `BlogPost`.`blog_id` = (1) | 32 | 32 | 1 | |
SELECT `BlogPostAuthor`.*, count(`BlogPost`.`id`) as blog_post_count, `BlogPostAuthor`.`id` FROM `unidev`.`blog_authors` AS `BlogPostAuthor` INNER JOIN `unidev`.`blog_post` AS `BlogPost` ON (`BlogPost`.`blog_author_id` = `BlogPostAuthor`.`id`) INNER JOIN `unidev`.`blog` AS `Blog` ON (`Blog`.`id` = `BlogPost`.`blog_id`) WHERE `BlogPost`.`active` = '1' AND `Blog`.`active` = 1 GROUP BY `BlogPost`.`id` | 8 | 8 | 2 | maybe slow |
SELECT `BlogPost`.`id`, `BlogPost`.`user_id`, `BlogPost`.`blog_id`, `BlogPost`.`autor_name`, `BlogPost`.`title`, `BlogPost`.`slug`, `BlogPost`.`body`, `BlogPost`.`images`, `BlogPost`.`description`, `BlogPost`.`keywords`, `BlogPost`.`active`, `BlogPost`.`deleted`, `BlogPost`.`archived`, `BlogPost`.`tags`, `BlogPost`.`created`, `BlogPost`.`modified`, `BlogPost`.`lng`, `BlogPost`.`index`, `BlogPost`.`canonical`, `BlogPost`.`blog_author_id`, `BlogPost`.`intro_image`, `BlogPost`.`title_seo` FROM `unidev`.`blog_post` AS `BlogPost` WHERE `BlogPost`.`blog_author_id` = (1) | 8 | 8 | 0 | |
SELECT `Setting`.`id`, `Setting`.`name`, `Setting`.`nice_name`, `Setting`.`value`, `Setting`.`order`, `Setting`.`created`, `Setting`.`modified` FROM `unidev`.`setting` AS `Setting` WHERE `Setting`.`name` = 'HEADER_TOP' LIMIT 1 | 1 | 1 | 1 | |
SELECT `Setting`.`id`, `Setting`.`name`, `Setting`.`nice_name`, `Setting`.`value`, `Setting`.`order`, `Setting`.`created`, `Setting`.`modified` FROM `unidev`.`setting` AS `Setting` WHERE `Setting`.`name` = 'HEADER' LIMIT 1 | 1 | 1 | 0 | |
SELECT `Setting`.`id`, `Setting`.`name`, `Setting`.`nice_name`, `Setting`.`value`, `Setting`.`order`, `Setting`.`created`, `Setting`.`modified` FROM `unidev`.`setting` AS `Setting` WHERE `Setting`.`name` = 'FOOTER' LIMIT 1 | 1 | 1 | 0 |
Peak Memory Use 2.60 MB
Message | Memory use |
---|---|
Component initialization | 1.40 MB |
Controller action start | 1.55 MB |
Controller render start | 2.11 MB |
View render complete | 2.45 MB |
Total Request Time: 123 (ms)
Message | Time in ms | Graph |
---|---|---|
Core Processing (Derived from $_SERVER["REQUEST_TIME"]) | 69.56 | |
Event: Controller.initialize | 1.83 | |
Event: Controller.startup | 1.79 | |
Controller action | 10.14 | |
Event: Controller.beforeRender | 8.14 | |
» Processing toolbar data | 8.00 | |
Rendering View | 19.50 | |
» Event: View.beforeRender | 0.03 | |
» Rendering APP/View/Themed/Unival1/BlogPosts/view.ctp | 3.29 | |
» Event: View.afterRender | 0.02 | |
» Event: View.beforeLayout | 0.02 | |
» Rendering APP/View/Themed/Unival1/Layouts/content.ctp | 12.14 | |
» » Rendering APP/View/Themed/Unival1/Elements/menu/menu_top.ctp | 3.29 | |
» » Rendering APP/View/Themed/Unival1/Elements/menu/menu.ctp | 0.72 | |
» » Rendering APP/View/Themed/Unival1/Elements/footer.ctp | 0.89 | |
Event: View.afterLayout | 0.00 |
.105 per ton-mile. Reducing truck transport and opting for the optimal rail transload facility can help increase expense savings through rail.</p> <h2>Rail Freight and Intermodal Strategy</h2> <p>Intermodal is the use of two or more freight transporting modes. When combining rail and road, trains are utilized for the long-haul chunk of the transport. Trucks are used to ship loads from the origin to the terminal and then from the terminal to the recipient, known as drayage.</p> <p><strong>Using rail freight as part of an intermodal strategy has many benefits</strong>, which you can discover below.</p> <h2>Rail Freight Is Eco-Friendly</h2> <p>Given the current state of our environment, caring for it is imperative. From an ecological point of view, rail freight is a great transport alternative compared to air, sea, and road freight. <strong>The biggest advantage of rail freight is the reduction of CO2 emissions</strong>. Compared to other transport modes, rail freight leaves the smallest carbon footprint.</p> <p>For example, air freight consumes 138 tons of CO2, and the combination of air and sea consumes approximately 76 tons of CO2. However, rail freight consumes only 5 tons of CO2 over the same distance. That’s why, now more than ever, rail freight deserves more attention.</p> <h2>Rail Transportation Is Safe and Efficient</h2> <p>Railway safety has notably improved over the past couple of decades. Now, <strong>rail transportation is one of the safest shipping options</strong>. With steady investments in railway infrastructure, routings, tracks, terminals, and border crossing stations, there’s a significant enhancement in the performance of rail freight.</p> <p>Moreover, GPS tracking in trains prevents theft and losses, protecting the goods in transit. Since carriers can locate their customers’ shipments and follow up on milestones, they can deliver information on container position and detect if something unexpected happens during the transportation.</p> <h2>Rail Freight Is Fast and Reliable</h2> <p><strong>Rail freight is a fast and reliable shipping mode</strong> with shorter lead times when compared to sea freight. Although not always possible, there are many situations when rail freight is a more optimal choice than other transport modes.</p> <p>For instance, one of the biggest challenges for companies with production in China is the long lead times to northern Europe when shipping by sea. Sea shipping from China to that part of Europe typically takes around seven weeks.</p> <p>With rail freight, the shipping times can be cut in half, significantly reducing the lead time. Shorter lead times can make it easier to predict business operations and costs, positively impacting capital binding.</p> <p>In addition, rail freight transport is a <strong>punctual mode of transport</strong>. Compared to sea and road freight which can be subjected to bad weather and congestion, not much can hinder the rail path, reducing the risk of unexpected delays.</p> <h2>Are There any Drawbacks of Rail Transportation?</h2> <p>Intermodal containers experience a lot of movement during transit that can damage their contents. There’s a risk of a denied claim if cargo isn't appropriately blocked and braced by rail standards.</p> <h2>Rail Freight Shipping Can Be Your Optimal Choice</h2> <p>Rail shipping has many benefits and very few drawbacks. Apart from being extremely reliable, rail freight is also cost-effective. On top of that, it leaves the smallest carbon footprint compared to other shipping modes.</p> <p>With rising challenges in sustaining our environment, it’s vital to do everything we can to reduce CO2 emissions and reduce the impact of global warming. For those reasons, using rail freight as a part of intermodal strategy can be an optimal choice for many companies that wish to see improvement in our environment.</p> <p><a href="https://unival-logistics.com/">Unival Logistics</a> provides end-to-end logistic solutions and we always choose optimal routes, so that your packages arrive on time and cause the least amount of pollution. You can also take out <a href="https://unival-logistics.com/package-insurance">full-value insurance for high-value goods</a>, track your packages in real-time, and integrate your business with Unival’s API.</p> <p>If you need a logistics partner that combines traditionally effective methods of transport with modern solutions, contact Unival Logistics.</p>
Constant | Value |
---|---|
CONFIG | /home/unidev/public_html/app/Config/ |
DEFAULT_LANGUAGE | en |
Constant | Value |
---|---|
APP | /home/unidev/public_html/app/ |
APP_DIR | app |
APPLIBS | /home/unidev/public_html/app/Lib/ |
CACHE | /home/unidev/public_html/app/tmp/cache/ |
CAKE | /home/unidev/public_html/lib/Cake/ |
CAKE_CORE_INCLUDE_PATH | /home/unidev/public_html/lib |
CORE_PATH | /home/unidev/public_html/lib/ |
CAKE_VERSION | 2.10.24 |
CSS | /home/unidev/public_html/app/webroot/css/ |
CSS_URL | css/ |
DS | / |
FULL_BASE_URL | http://dev.unival-logistics.com |
IMAGES | /home/unidev/public_html/app/webroot/img/ |
IMAGES_URL | img/ |
JS | /home/unidev/public_html/app/webroot/js/ |
JS_URL | js/ |
LOGS | /home/unidev/public_html/app/tmp/logs/ |
ROOT | /home/unidev/public_html |
TESTS | /home/unidev/public_html/app/Test/ |
TMP | /home/unidev/public_html/app/tmp/ |
VENDORS | /home/unidev/public_html/vendors/ |
WEBROOT_DIR | webroot |
WWW_ROOT | /home/unidev/public_html/app/webroot/ |
Environment Variable | Value |
---|---|
Php Version | 7.4.3-4ubuntu2.19 |
Php Fcgi Max Requests | 99999 |
Phprc | /home/unidev/fcgi-bin/../etc/php7.4 |
Pwd | /home/unidev/fcgi-bin |
Shlvl | 0 |
Path | /usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin |
Content Length | 0 |
Script Name | /app/webroot/index.php |
Request Uri | /declared-value |
Query String | |
Request Method | GET |
Server Protocol | HTTP/1.1 |
Gateway Interface | CGI/1.1 |
Redirect Url | /app/webroot/declared-value |
Remote Port | 35046 |
Script Filename | /home/unidev/public_html/app/webroot/index.php |
Server Admin | [no address given] |
Context Document Root | /home/unidev/public_html |
Context Prefix | |
Request Scheme | http |
Document Root | /home/unidev/public_html |
Remote Addr | 44.197.101.251 |
Server Port | 80 |
Server Addr | 51.81.35.24 |
Server Name | dev.unival-logistics.com |
Server Software | Apache |
Server Signature | |
Http Connection | close |
Http Host | dev.unival-logistics.com |
Http Accept Encoding | br,gzip |
Http If Modified Since | Wed, 07 Jun 2023 03:25:48 GMT |
Http Accept Language | en-US,en;q=0.5 |
Http Accept | text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 |
Http User Agent | CCBot/2.0 (https://commoncrawl.org/faq/) |
Script Uri | http://dev.unival-logistics.com/declared-value |
Script Url | /declared-value |
Redirect Status | 200 |
Redirect Script Uri | http://dev.unival-logistics.com/declared-value |
Redirect Script Url | /declared-value |
Redirect Redirect Status | 200 |
Redirect Redirect Script Uri | http://dev.unival-logistics.com/declared-value |
Redirect Redirect Script Url | /declared-value |
Fcgi Role | RESPONDER |
Php Self | /app/webroot/index.php |
Request Time Float | 1701404076.3508 |
Request Time | 1701404076 |