Agreed Valuation

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Agreed Valuation

The value of cargo being transported on a ship, as agreed by the owner and the shipper. The agreed valuation is important because it helps determine both what the shipper is paid to transport the cargo and the amount of liability for insurance purposes.
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Crucially, the agreed valuations reflect the ability of the hypothetical occupier to pay a rent, excluding the WRU's income from staging rugby matches.
Parties to meet agreed valuations wherever possible; ?
This has prompted Harley Davidson to join forces with a specialist insurer to offer bespoke policies based on mutually agreed valuations rather than stock trade values.