LawgistThe Multimodal Transportation of Goods Act
17Assessment of compensation
(1) Assessment of compensation for loss of, or damage to, the consignment shall be made with reference to the value of such consignment at the place where, and the time at which, such consignment is delivered to the consignee or at the place and time when, in accordance with the multimodal transport contract, it should have been delivered.
(2) The value of the consignment shall be determined according to the current commodity exchange price, or, if there is no such price, according to the current market price, or, if the current market price is not ascertainable, with reference to the normal value of a consignment of the same kind and quantity.
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All sections
- 1 Short title, extent and commencement
- 2 Definitions
- 3 No person to carry on business without registration
- 4 Registration for multimodal transportation
- 5 Cancellation of registration
- 6 Appeal
- 7 Issue of multimodal transport document
- 8 Multimodal transport document to be regarded as document of title
- 9 Contents of multimodal transport document
- 10 Reservation in the multimodal transport document
- 11 Evidentiary effect of the multimodal transport document
- 12 Responsibility of the consignor
- 13 Basis of liability of multimodal transport operator
- 14 Limits of liability when the nature and value of the consignment have not been declared and stage of transport where loss or damage occurred is not known
- 15 Limits of liability when the nature and value of the consignment have not been declared and stage of transport where loss or damage occurred is known
- 16 Liability of the multimodal transport operator in case of delay in delivery of goods under certain circumstances
- 17 Assessment of compensation
- 18 Loss of right of multimodal transport operator to limit liability
- 19 Limit of liability of multimodal transport operator for total loss of goods
- 20 Notice of loss of or damage to goods
- 20A Period of responsibility
- 21 Special provision for dangerous goods
- 22 Right of multimodal transport operator to have lien on goods and documents
- 23 General average
- 24 Limitation on action
- 25 Jurisdiction for instituting action
- 26 Arbitration
- 27 Delegation of power
- 28 Multimodal transport contract to be made in accordance with this Act
- 29 Act of override other enactments
- 30 Power to make rules
- 31 Repealed
- 32 Repeal and savings
