Section 74: Articles of special value

(1) For the purpose of this section, the expression "excepted articles" means articles which are declared as such by the Corporation in any tariff or amendment thereto published by the Corporation under the provisions of Part XlV of this Act.
(2) When any excepted articles are contained in any parcel or package accepted for carriage by the Corporation aud the value of such articles exceeds N20, the liability of the Corporation for the loss, damage, deviation, misdelivery, delay or detention of or to the articles in the parcel or package shall not exceed that sum, unless the value and contents of the parcel or package have been declared in writing by or on behalf of the consignor at the time of consignment.
(3) Where such value has been declared to exceed N20, the Corporation may impose an additional charge in respect of the increased liability or, if the value has been declared to exceed N2,000, may either impose such additional charge or, notwithstanding the provisions of subsection (2) of this section, decline to accept liability in excess of N20.
(4) The Corporation may make it a condition of carrying a parcel or package declared to contain any excepted article, that a railway servant authorised in that behalf shall have been satisfied, by examination or otherwise, that the parcel or package actually contains the article declared to be therein:
Provided that this subsection shall not apply to any parcel of package carried by the Corporation for the Nigerian Postal Service.