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The ICC had specific regulations covering grain loss claims, these included a "shrinkage allowance" of 1/8 of 1% of the loading weight, later increased to 1/4 of 1%, applied to all bulk grain shipments regardless of equipment type, boxcar or covered hopper. When the ICC morphed into the STB these regulations were carried over so they still apply in 2017. The "shrinkage allowance" was designed to allow for the natural shrinkage of grain when stored and handled, loss of moisture and grain turned to dust in handling, as well as eliminate the very smallest of claims where the cost of filing and settling the claims greatly exceeded the claimed loss.
George, old railroad grain guy __._,_.___ Posted by: George LaPray <agrail.george@gmail.com> __,_._,___ |