Practice question
When COGSA Section 4(5) applies and no qualifying value declaration was made, what is the ordinary limit for one package?
- US$500 per package.
- US$500 per kilogram.
- US$500 per voyage regardless of package count.
- The shipper's retail price in every case.
- Zero unless the cargo was insured.
Legal references
- Eastern Shipping Lines v. BPI/MS Insurance, G.R. No. 182864, January 12, 2015, main decision, COGSA Section 4(5): https://www.lawphil.net/judjuris/juri2015/jan2015/gr_182864_2015.html
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