Ad Valorem 8 : In proportion to the value: A phrase applied to certain freight or customs duties levied on goods, property, etc. set as a percentage of their value
Sabelatrans Shipping Global SSG(Specialized in Shipping/Transportation of Heavy Lift, RoRo & Project forwarding by Sea , Air & Land), Shipping Terms, Ajman, UAE 2013. http://www.sabelatrans.com/shipping_terms.htm, (Log - Brit) {1030}