Section 17
Assessment of compensation.
The Multimodal Transportation of Goods Act, 1993
About this Act
An Act to provide for the regulation of the multimodal transportation of goods, from any place in India to a place outside India, on the basis of a multimodal transport contract and for matters connected therewith or incidental thereto.
(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.
(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.