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© 2024 Upper Great Plains Transportation Institute is a research and education center at
North Dakota State University
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Transportation Glossary
Term Description
Limit of Liability
The maximum amount of damages that the carrier will pay on behalf of the insured in case of a loss.
NDSU Dept 2880
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P.O. Box 6050
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Fargo, ND 58108-6050
(701)231-7767
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ndsu.ugpti@ndsu.edu
