Shipment value refers to the total value of the goods contained within a single shipment, as determined by the consignor and the consignee. This value is typically based on the invoiced amount for the goods, which is the amount that the consignee agrees to pay for the goods.

The shipment value is an important factor in determining the cost of transportation, as carriers often charge higher rates for shipments with higher values. This is because the carrier may be taking on additional risk by transporting goods of higher value.

The shipment value may also be used to determine the level of insurance coverage needed for the goods. In some cases, the consignor may choose to purchase additional insurance to protect against the loss or damage of the goods during transportation.

Overall, the shipment value is a key factor in the logistics of transporting goods and is an important consideration for both the consignor and the consignee.