Control No. 18-06568
   
Except as otherwise provided on an individual Web Rate Page, Caribtrans
shall apply marine cargo insurance coverage to all of its customers’
shipments in accordance with the terms and conditions of this Tariff
and Caribtrans’ Bill of Lading, unless such coverage is declined prior
to shipment via written shipping instructions (i.e. Shipper’s Letter of
Instruction) or via a signed waiver form that may be provided by
customer at any time prior to a customer taking possession of its
shipment at final destination.  The premium cost for marine cargo
insurance coverage shall be clearly itemized on the face of all Bills
of Lading.
  
Insurance premiums are calculated, in part, on the invoice value of the
cargo.  Should Shipper not provide the invoice value of the cargo at the
time of shipment, then Caribtrans shall base the invoice value on an
established valuation formula as determined by the commodity.  Certain
commodities are excluded from coverage.  A copy of insurance rates,
valuation formula and exceptions can be obtained from the Carrier.
  
Caribtrans’ open policy, through Seven Seas Insurance Co., Inc., is
available to interested parties for inspection of terms and conditions
of coverage at Caribtrans’ facilities.