Trade Assurance protects you in 2 ways:

  1. If the goods are not shipped on time (as specified in the agreement)
  2. If the products are not matching the specifications (as stated in the agreement)

 

However, the money is refunded to the buyer if the following occurs:

  1. The shipment is delayed, beyond the specified shipping date
  2. The manufactured items are not compliant with the provided quality requirements

 

Document:

Trade Coverage ensures your product is produced to the quality & specifications stated, paid for securely, and shipped on time

We keep the manufacturer & suppliers’ payments safe from buyers default

Protects the buyer in the event that the supplier fails to ship on time or the product quality varies what has been agreed upon

Trade Coverage protects the buyer for:

If the goods are not shipped on time (as specified in the agreement)

If the products are not matching the specifications (as stated in the agreement)

 

Trade Assurance covers complete protection for payments & shipping

 

In Trade assurance, you and your supplier can define:

Shipment Terms

Shipping date & other timelines

Setting quality standards

Providing clear product specifications

Quality inspections

 

Product Monitoring:

To help reduce risks in production delay and product conformity

Please make sure to select and pay for the service at least 7 working days before the shipment date

-Keep up-to-date on production

-Reduce risk of order delays

-View product details before shipment

 

Inspection:

-Check for product conformity

-Reduce risk of quality issues

-Enjoy TrueRel’s lower price

 

Allowing business contracts:

Such contracts assist in clearly setting out the rights and responsibilities of each party to the transaction thereby removing ambiguity.

Contracts can set mechanics of the transaction (payment, governing laws, disputation and unavoidable delays) and define limits (time limits, costings, warranty periods, etc).

Arguably most importantly, contracts can clearly apportion liability and minimise (or at least define) legal and financial risk for all parties involved.

 

  • Description of supply and timetables for delivery
  • Performance criteria and/or specifications
  • Supply site and safety
  • Title to and risk in goods
  • Price, invoicing and payment
  • Warranties
  • Inspections/defects liability periods
  • Variations to contractual works
  • Insurance, indemnities and limitation of liability
  • Security personal guarantees, retention amount, bank guarantee
  • Confidentiality
  • Force Majeure
  • Dispute Resolution
  • Boiler plate clauses severability, governing law, ability to assign rights, entire understanding of the parties, and the list goes on.