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(1) Where any goods are entrusted to a railway administration for
carriage, such carriage shall, except where owner's risk rate is applicable in respect of such goods, be at
railway risk rate.
(2) Any goods, for which owner's risk rate and railway risk rate are in force, may be entrusted for
carriage at either of the rates and if no rate is opted, the goods shall be deemed to have been entrusted at
owner's risk rate.
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