said to contain (STC) definition

said to contain (STC)

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.

said to contain (STC) is in the Banking, Commerce & Finance, International Trade & Relations and Shipping, Transport, & Travel subjects.

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