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Rule 39
Method of giving compensation
The payment of compensation shall be as follows:-
(a) The consignor shall be entitled to compensation equal to the exact value of the loss, theft or damage, which shall not exceed the insured value under any circumstances.
(b) Indirect loss or loss of profit shall not be considered.
(c) The calculation of compensation shall be done according to the prevailing price of the same type of thing at the place and time where the insured goods are accepted for use. If there is no prevailing price, the price will be determined according to the normal price of the thing.
(d) Payment of compensation shall be made as soon as possible and within 6 months from the date of inquiry, except where an inquiry is ordered by the Director General or the Regional Director of Posts.
(a) The consignor shall be entitled to compensation equal to the exact value of the loss, theft or damage, which shall not exceed the insured value under any circumstances.
(b) Indirect loss or loss of profit shall not be considered.
(c) The calculation of compensation shall be done according to the prevailing price of the same type of thing at the place and time where the insured goods are accepted for use. If there is no prevailing price, the price will be determined according to the normal price of the thing.
(d) Payment of compensation shall be made as soon as possible and within 6 months from the date of inquiry, except where an inquiry is ordered by the Director General or the Regional Director of Posts.