Multimodal Transport Act 2021 · 2020 Revised Edition · Part 4 · Liabilities of Multimodal Transport Operator
16. Assessment of compensation
Feedback & supportAn assessment of compensation by a multimodal transport operator of a multimodal transport contract for the loss of or damage to the goods that are the subject of the contract, and for which the multimodal transport operator is liable under section 15, is to be made by reference to the value of such goods —
multimodal transport operator
“multimodal transport operator” means any person who —(a)on the person’s own behalf or through another person acting on the person’s behalf, concludes a multimodal transport contract for the international multimodal transport of any goods;(b)acts as a principal (and not as an agent of or on behalf of the consignor or of any carrier participating in the international multimodal transport of the goods);(c)assumes responsibility for the performance of the multimodal transport contract; and(d)is under the register of the Singapore competent national body or the competent national body of an ASEAN member country;
at the place and time that the goods are delivered to the consignee of the goods; or
at the place and time when, in accordance with the multimodal transport contract, the goods should have been so delivered.
The value of the goods is to be determined according to —
goods
“goods” means any property (including any container, pallet or similar article of transport or packaging not supplied by a multimodal transport operator), whether such property is or is to be carried on or under the deck of a conveyance;
their current commodity exchange price;
if there is no current commodity exchange price, their current market price; or
if there is no current commodity exchange price or current market price, the normal value of goods of the same kind and quality based on other sale transactions relating to the goods.