SEC 1
(A) THE CARRIER OR PARTY IN POSSESSION OF ANY OF THE PROPERTY HEREIN DESCRIBED SHALL BE LIABLE AS AT COMMON LAW FOR ANY LOSS THEREOF, OR DAMAGE THERETO, EXCEPT AS HERE-INAFTER PROVIDED.
(B) NO CARRIER OR PARTY IN POSSESSION OF ANY OR ALL OF THE PROPERTY HEREIN DESCRIBED SHALL BE LIABLE FOR ANY LOSS CAUSED BY AN ACT OF GOD, THE PUBLIC ENEMY, THE AUTHORITY OF THE LAW, AN ACT OR DEFAULT OF THE SHIPPER OR OWNER, A RIOT OR STRIKE, OR FOR NATURAL SHRINKAGE. UNDER OTHER CIRCUMSTANCES THE BURDEN OF PROOF FROM NEGLIGENCE SHALL BE ON THE CARRIER OR PARTY IN POSSESSION.
SEC 2
(A) CLAIMS MUST BE FILED IN WRITING WITH THE DELIVERING CARRIER WITHIN 9 MONTHS AFTER DELIVERY AND SUITS SHALL BE INSTITUTED WITHIN 2 YEARS AND 1 DAY AFTER CLAIMANT IS ADVISED IN WRITING BY THE CARRIER THAT THE CLAIM HAS BEEN DISALLOWED. CLAIMS WILL NOT BE PAID UNLESS IN ACCORDANCE WITH THE PROVISIONS HEREIN.
(B) THE CARRIER OR PARTY LIABLE SHALL HAVE THE FULL BENEFIT OF ANY INSURANCE THAT MAY HAVE BEEN EFFECTED UPON SAID PROPERTY, SO FAR AS THIS SHALL NOT VOID THE POLICY, PROVIDED THE CARRIER REIMBURSES THE CLAIMANT FOR THE PREMIUM PAID THEREON.
SEC 3
IN THE EVENT CONSIGNEE CANNOT BE FOUND AT DESTINATION FOR DELIVERY, OR ALL OR ANY PORTION OF A SHIPMENT IS REJECTED OR REFUSED BY THE CONSIGNEE FOR ANY REASON NOT ATTRIBUTABLE TO CARRIER, SHIPMENT WILL BE RETURNED TO ORIGIN BY SAME CARRIER IN ACCORDANCE WITH THE APPLICABLE RATE.
SEC 4
EVERY PARTY, WHETHER PRINCIPAL OR AGENT, SHIPPING EXPLOSIVES, OR DANGEROUS ARTICLES, WITHOUT PREVIOUS FULL WRITTEN DISCLOSURE TO THE CARRIER, SHALL BE LIABLE AND INDEMNIFY THE CARRIER AGAINST ALL LOSS OR DAMAGE CAUSED BY SUCH GOODS.
SEC 5
(A) THE OWNER OR CONSIGNEE SHALL PAY THE FREIGHT AND THE CARRIER SHALL ONLY DELIVER OR RELINQUISH POSSESSION AT DESTINATION OF THE PROPERTY HEREIN WHEN ALL RATES AND CHARGES THEREON HAVE BEEN PAID UNLESS OTHERWISE PROVIDED HEREIN.
(B) PROPERTY DESTINED TO A POINT OR LOCATION AT WHICH THERE IS NO CONSIGNEE (OR AGENT) MAY BE UNLOADED OR DELIVERED AT THE OWNER’S RISK WHEN CONSIGNOR’S SHIPPING ORDERS HAVE BEEN FOLLOWED AND ONLY WHEN CARRIER FEELS FREIGHT CHARGES CAN BE SATISFACTORILY COLLECTED.
(C) THE CONSIGNER SHALL BE LIABLE FOR THE FREIGHT AND ALL OTHER LAWFUL CHARGES UNLESS HE SO STIPULATES BY SIGNATURE ON THIS BILL-OF-LOADING THAT THE CARRIER SHALL NOT DELIVER WITHOUT OBTAINING PAYMENT OF SUCH CHARGES.
(D) NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE CARRIER TO REQUIRE AT TIME OF SHIPMENT THE PREPAYMENT OR GUARANTEE OF THE CHARGES.
SEC 6
THE PROVISIONS APPLICABLE TO THIS BILL-OF-LADING SHALL BE BINDING UPON BOTH THE SHIPPER (OR CONSIGNOR) AND THE CARRIER OR HIS AGENT.
SEC 7
THIS BILL-OF-LOADING SHALL BE WITHOUT EFFECT UNLESS PROEPRLY SIGNED BY THE SHIPPER OR CONSIGNOR AND THE CARRIER OR HIS AGENT, AS AGENT FOR THE SHIPPER OR CONSIGNOR.