law: Railways Act, 1989
  63. Provision of risk rate.  
  (1) Where any goods are entrusted to a railway administration
  
  for carriage, such carriage shall, except where owner’s risk rate is applicable
  
  in respect of such goods, be at railway risk rate. 
  (2) Any goods, for which owner's risk rate and railway risk rate
  
  are in force, may be entrusted for carriage at either of the rates and if no
  
  rate is opted, the goods shall be deemed to have been entrusted at owner's risk
  
  rate.