In plain English
It is the amount of money the sender says the goods are worth. The figure is the sender's stated value for the goods being shipped.
In context
Here, it labels the field for the amount of money the shipper states for the goods in the shipment.
- Situation
- Completing customs, import, export, duty, declaration, and clearance administration
- What it communicates
- labels the field for the value stated for the goods in the shipping workflow.
Meaning limits
By itself, the term does not say whether the stated amount matches the goods' actual worth.
Examples
“The sender wrote a declared value of $300 for the camera, although it had cost twice that amount.”
“At the counter, staff enter the declared value in dollars with the other shipment details.”