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said to contain (STC)

Definition

Bill of lading term that the carrier acknowledges the receipt of stated number of packages but is unaware of the exact nature, quantity, and/or value of their contents. This is an important issue because, in case of an insurance claim, the carrier's liability (depending on the ruling convention, such as Hague-Visby or Hamburg) may be limited only to the number of packages (for which a standard compensation is paid) and not to the total value of the claim. Sometimes referred to also as said to weigh (STW) or shipper's load and count.

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