What is ad valorem freight ? ?

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It is the freight paid for High valued cargoes and the freight paid is not as per Number or quantity by upon the agreed valuation of the cargo

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Ad Valorem
(%u201Cat value%u201D) %u2013 an ad valorem freight rate is one where the freight is based on the
value of the goods. An ad valorem bill of lading is one where the value of the
goods is shown on the face of the document, which value then becomes the
carrier%u2019s limit of liability, in return for this increased liability the carrier will
charge an addition to the sea freight