Glossary
Terms & Glossaries of Shipping and Trading
Agreed Valuation
Agreed valuation is the value of a shipment agreed upon in order to secure a specific freight rate.
Agreed valuation is 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.
