670. Compensation for damage.

In the case of damage to goods, the carrier1 must pay, to the exclusion of all other damages, compensation equivalent to the loss in value of the goods calculated:

  1.  

    (1)     according to the commodity exchange quotation2; or

  2.  

    (2)     if there is no such quotation, according to the current market price3; or

  3.  

    (3)     if there is neither such quotation nor such price, according to the usual value of goods of the same kind and quality on the day and at the place where the goods were taken over4,

and applying to the value of the goods so defined the percentage of

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