Railway Traffic Liability Regulations (SOR/91-488)

11 The amount of any loss of or damage to goods for which a carrier is liable in respect of the transportation of the goods shall be the lesser of the value of the goods at the place and time of their shipment, including freight and other charges that affect the valuation of the goods, if paid, and the customs duties if paid or payable and not refundable, and

• (a) the value represented in writing by the shipper,

• (b) the value agreed to by the carrier and the shipper, or

• (c) the value determined in accordance with the tariff classification of the goods on which the rate is based.