The U.S. Postal Services Uses SDRs
324 Processing Requests
324.1 Mailing Receipt and Insurance Number
324.11 General Use
All Priority Mail International insured parcels must be numbered. PS Form 2976-A, Customs Declaration and Dispatch Note — CP 72, and the mailing receipt issued at the time of mailing will serve as proof of mailing and proof of insurance. Volume mailers may use PS Form 3877, Firm Mailing Book for Accountable Mail, as the sender’s receipt.
324.12 Accepting Clerk’s Responsibility
The accepting clerk must:
1. Indicate on PS Form 2976-A the amount for which the parcel is insured. Write the amount in U.S. dollars in ink in the “Insured Amount (U.S.) block.”
2. Convert the U.S. dollar amount to the special drawing right (SDR) value and enter it in the SDR value block. For example:INSURED VALUE
$100.00 (U.S.)
62.59 SDR
3. See Exhibit 324.12 (p. 1) for a table showing the conversion of U.S. dollar values up to $600 to SDR equivalents. To determine SDR equivalents above $600, multiply the insured amount, rounded up to the next full dollar, by the conversion factor of 0.6259.Note: Use the following rates when converting between U.S. dollars and SDR values:
1 U.S. $ = 0.6259 SDR
1 SDR = $1.60 ($1.5978 U.S.)
4. Write a bold capital “V” in the space provided adjacent to the boxes for Insured Amount and Insurance Fees as an indicator that additional insurance was purchased.
5. Indicate special contents for fragile, liquid, and perishable items.
6. Round stamp PS Form 2976-A in the appropriate place on each copy.
324.13 Sender’s Responsibility
The sender should enter name and address of addressee on mailing receipt and retain it. The receipt must be submitted if the sender wishes to make an inquiry about or file a claim for an insured parcel (see chapter 9).
324.2 Marking
The sender has the responsibility to do the following:
1. Mark parcels containing fragile or perishable articles with the appropriate endorsement — e.g. “FRAGILE,” “PERISHABLE,” “GLASS,” etc.
2. Enter the insured amount in U.S. currency (figures only) in the appropriate space on the customs declaration.
324.3 Postmarking
1. Postmark item at the time of acceptance showing the full name of the Post Office facility two–letter state abbreviation and ZIP Code if authorized and the date of mailing.
2. Postmark at all breaks (cuts or torn edges) of any gummed–paper strips used in sealing parcels.
324.4 Sealing
All insured parcels must be sealed.
Exhibit 324.12 (p. 1)
Conversion Table: U.S. Dollars to Special Drawing Right (SDR)
1 U.S. $ = 0.6259 SDR 1 SDR = $1.60 [$1.5978 U.S.]...
http://pe.usps.gov/text/imm/immc3_008.htm
324 Processing Requests
324.1 Mailing Receipt and Insurance Number
324.11 General Use
All Priority Mail International insured parcels must be numbered. PS Form 2976-A, Customs Declaration and Dispatch Note — CP 72, and the mailing receipt issued at the time of mailing will serve as proof of mailing and proof of insurance. Volume mailers may use PS Form 3877, Firm Mailing Book for Accountable Mail, as the sender’s receipt.
324.12 Accepting Clerk’s Responsibility
The accepting clerk must:
1. Indicate on PS Form 2976-A the amount for which the parcel is insured. Write the amount in U.S. dollars in ink in the “Insured Amount (U.S.) block.”
2. Convert the U.S. dollar amount to the special drawing right (SDR) value and enter it in the SDR value block. For example:INSURED VALUE
$100.00 (U.S.)
62.59 SDR
3. See Exhibit 324.12 (p. 1) for a table showing the conversion of U.S. dollar values up to $600 to SDR equivalents. To determine SDR equivalents above $600, multiply the insured amount, rounded up to the next full dollar, by the conversion factor of 0.6259.Note: Use the following rates when converting between U.S. dollars and SDR values:
1 U.S. $ = 0.6259 SDR
1 SDR = $1.60 ($1.5978 U.S.)
4. Write a bold capital “V” in the space provided adjacent to the boxes for Insured Amount and Insurance Fees as an indicator that additional insurance was purchased.
5. Indicate special contents for fragile, liquid, and perishable items.
6. Round stamp PS Form 2976-A in the appropriate place on each copy.
324.13 Sender’s Responsibility
The sender should enter name and address of addressee on mailing receipt and retain it. The receipt must be submitted if the sender wishes to make an inquiry about or file a claim for an insured parcel (see chapter 9).
324.2 Marking
The sender has the responsibility to do the following:
1. Mark parcels containing fragile or perishable articles with the appropriate endorsement — e.g. “FRAGILE,” “PERISHABLE,” “GLASS,” etc.
2. Enter the insured amount in U.S. currency (figures only) in the appropriate space on the customs declaration.
324.3 Postmarking
1. Postmark item at the time of acceptance showing the full name of the Post Office facility two–letter state abbreviation and ZIP Code if authorized and the date of mailing.
2. Postmark at all breaks (cuts or torn edges) of any gummed–paper strips used in sealing parcels.
324.4 Sealing
All insured parcels must be sealed.
Exhibit 324.12 (p. 1)
Conversion Table: U.S. Dollars to Special Drawing Right (SDR)
1 U.S. $ = 0.6259 SDR 1 SDR = $1.60 [$1.5978 U.S.]...
http://pe.usps.gov/text/imm/immc3_008.htm