NMFC Code 62650 - Freight Classification Details

NOTE-Applies on parts for semiconductors named in item 63025.NOTE-The released value must be entered on the shipping order and bill of lading in the following manner: "The agreed or released value of the property is hereby specifically stated by the shipper to be not exceeding ______ per pound." When the foregoing statements are properly executed, the rates subject hereto will take precedence over all other rates not subject to released value, provided the released rates result in lower freight charges. If lower freight charges do not result, the release will be deemed not to have been executed and the rates subject hereto will have no application. If the shipper fails or declines to execute the above statements, or designates a value exceeding $1.50 per pound, shipments will not be accepted for transportation at the rates subject hereto. Rates based on other classes in this Classification will apply in such a case. Classes herein based on released value have been authorized by the Interstate Commerce Commission in Released Rates Order No. MC-719 of November 29, 1967.