516. Limitation of carrier's liability.

Unless the nature and value of the goods1 have been declared by the shipper before shipment and inserted in the bill of lading, neither the carrier2 nor the ship3 is in any event4 liable or becomes liable for any loss or damage to or in connection with5 the goods in an amount exceeding 666.67 units of account6 per package or unit7 or unit, or two units of account per kilogramme of gross weight of the goods lost or damaged8, whichever is the higher9. If embodied in the bill of lading, that declaration is prima facie evidence but is not