Commandant
2100 Second Street, S.W.
United States Coast Guard
Washington, DC 20593-0001
Staff Symbol: G-SLP
Phone: (202) 267-0640
COMDTINST 4610.1
11 OCT 1996
COMMANDANT INSTRUCTION 4610.1
Subj: USE OF EXCESS DECLARED VALUATION (EDV) ON SHIPPING PAPERS
1.
PURPOSE. This instruction provides direction on the use of Excess Declared Valuation
(EDV) when shipping freight.
2.
ACTION. Area and district commanders, commanders of maintenance and logistics
commands, and commanding officers of headquarters units shall ensure compliance.
3.
DIRECTIVES AFFECTED. COMDTINST M4610.5, Transportation of Freight is changed
to allow use of EDV.
4.
DISCUSSION.
a.
The Coast Guard stated its official policy on the use of EDV in ALCOAST 029/95,
dtg 232100Z MAR 95. The United States Government has long maintained a policy
of self-insuring its own risks of loss. This practice is one of policy, not law.
b.
Federal law, 40 U.S.C. 726, does prohibit using any form of EDV when shipping
valuables unless authorized by the Secretary of the Treasury. For a definition of
valuables, see COMDTINST M4610.5, Chapter 15-D-2. Normally, these are
money, securities, travelers checks, precious metals, etc.