s 16 Assessment of compensation
16. —(1) An assessment of compensation by a multimodal transport operator of a multimodal transport contract for the loss of or damage to the goods that are the subject of the contract, and for which the multimodal transport operator is liable under section 15, is to be made by reference to the value of such goods — ( a ) at the place and time that the goods are delivered to the consignee of the goods; or ( b ) at the place and time when, in accordance with the multimodal transport contract, the goods should have been so delivered. (2) The value of the goods is to be determined according to — ( a ) their current commodity exchange price; ( b ) if there is no current commodity exchange price, their current market price; or ( c ) if there is no current commodity exchange price or current market price, the normal value of goods of the same kind and quality based on other sale transactions relating to the goods. —(1) An assessment of compensation by a multimodal transport operator of a multimodal transport contract for the loss of or damage to the goods that are the subject of the contract, and for which the multimodal transport operator is liable under section 15, is to be made by reference to the value of such goods — ( a ) at the place and time that the goods are delivered to the consignee of the goods; or ( b ) at the place and time when, in accordance with the multimodal transport contract, the goods should have been so delivered. (2) The value of the goods is to be determined according to — ( a ) their current commodity exchange price; ( b ) if there is no current commodity exchange price, their current market price; or ( c ) if there is no current commodity exchange price or current market price, the normal value of goods of the same kind and quality based on other sale transactions relating to the goods.