8. LIABILITY PROVISIONS
(1) Basis of Compensation
Without prejudice to any applicable limitation of liability in accordance with the provision set forth in
sub-Clause 6 hereof, the basis of compensation shall be limited to the value of the Goods so
damaged or lost (excluding insurance, custom fees, taxes, Freight and retail value). The value of the
Goods shall be determined by reference to the commercial invoice or the custom declaration. In no
circumstance whatsoever, the Carrier shall be responsible for indirect damage, loss of profit or
consequential damage.