Credit
Insurance Terms - Inlog Network Pvt. Ltd.
Inlog Network
Pvt. Ltd. provides a Payment Guarantee, ensuring payment to sellers or service
providers in the event of buyer non-payment, exclusively for transactions
conducted through the Inlog Platform.
Required
Documentation:
To initiate a
claim, the following documents are required:
- Lawyer's Notice
- Complete set of
invoices/bills
- Complete transaction
documentation from the transaction date
- Buyer's details
- Subrogation
Credit
Insurance Conditions:
The
availability of this credit insurance as a value-added service for transactions
involving buyers on the InLog Platform is subject to the following conditions:
- Claim Submission Date:
Maximum within 180 days from the
date of the transaction.
- Documentation: Submission
of complete documentation as required by InLog Network.
- Claim Approval and Payment:
Claim approval and subsequent payment shall be processed and disbursed
within 3 months following the complete verification of all submitted claim
documents.
Important
Notes:
- Maximum Claim Limit: The
maximum claim limit is ₹500,000 per member.
- Dispute Resolution: In Log
Platform will attempt to facilitate a mutual resolution through the
involvement of association members, including an arbitration team.
- Credit Insurance Fee: 1% of Total Freight Value.