2074. The carrier is liable for any loss with respect to the property carried, up to the sum fixed by government regulation, unless a higher indemnity has been fixed by agreement between him and the shipper.
He may be held liable in excess of the amount fixed by regulation if he committed fraud or if the nature and value of the property were declared by the shipper before shipment and the declaration was attached to the bill of lading. The shipper’s declaration is binding on the carrier, saving his right to make proof to the contrary.
1991, c. 64, a. 2074; I.N. 2014-05-01.