Glossary Shipping / Term
An industry term regarding loss or damage of goods. Carmack is governed by 49 U.S.C 14706, which states that a motor carrier must
- issue the bill of lading and
- pay the actual loss or injury to the property.
However, carriers limit their liability for release-value products, and can limit their damages to $25 a pound or $100,000 a shipment.
Permanent link Carmack - Creation date 2020-07-13