Monetary assigned value expressed in the standard monetary denomination for the currency specified

MS501 is the declared value for insurance purposes.

Code qualifying how to extend charges or interpret value

Rate that applies to the specific commodity

Monetary assigned value expressed in the standard monetary denomination for the currency specified

MS504 is the declared value for Customs purposes.

Code (Standard ISO) for country in whose currency the charges are specified

MS505 indicates the currency of MS501 and MS504.