Insurance Fees& Limit of Compensation

(1) The insurance fee, which depends upon the insurance value, must be prepaid in addition to normal postage for the item. The scale of fees and limits of compensation to which it applies are specified in the first and second columns of the Third Schedule to these Regulations. Third Schedule. (2) Compensation will not, in any circumstances, exceed the amount for which the item was insured. (3) Under international postal regulations no compensation is paid in respect of any packet fraudulently insured for a sum greater than the actual value of the content. Fraudulent (4) If an insured letter or parcel or any article of pecuniary value, enclosed in or forming part of an insured item, is lost or damaged whilst in the course of conveyance by the post, the Postmaster General may pay such sum as he may think just to the sender or to a postal administration if in his opinion such person or administration establishes a reasonable claim to for loss of 54 provided that– (a) In the case of an incoming insured item - in addition to the postage, the sum for which the item was insured in accordance with the first and second columns of the Third Schedule to these Regulations. (b) In the case of an outgoing insured item - the sum not exceeding five thousand dollars, having regard to the amount for which the item was insured, in addition to the postage.