Transit Insurance Terms - Inlog Network Pvt. Ltd.

Inlog Network Pvt. Ltd. provides Transit Insurance for Goods through a third party Insurance Company as per their terms and Conditions Insuring Payment to LSP in Event of any Loss / Damage to Goods . exclusively for transactions conducted through the Inlog Platform.

Link shall be provided where the LSP can Choose the plan from the third party insurance provider 

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

Transit Insurance Conditions:

The availability of this this 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  90 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 as per terms and conditions of the third party following the complete verification of all submitted claim documents.

Important Notes:

• Maximum Claim Limit: The maximum claim limit is 95% of value of Goods .
• 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 Value of goods .