Common use of CREDIT MANAGEMENT PROCEDURE AND CONSULTATION ZONE Clause in Contracts

CREDIT MANAGEMENT PROCEDURE AND CONSULTATION ZONE. [C_RIS_DCONS_02_ST] Credit Management Procedure You may set a discretionary limit on your Buyers up to [X INR] per Buyer at a specific insured percentage of [X%] according to the following conditions: • The Buyer is located in one of the countries as specified in the Countries Coverages Table. We reserve the right to modify this list of countries during the insurance period by way of notification. Such modification shall take effect from the date of our notification; any Debt validly covered before our notification will remain covered in accordance with the terms of the Contract. • The Credit Decisions shall be set under the responsibility of your credit manager, [Credit Manager Name], in compliance with your credit management procedure described in the Credit Management Binding Questionnaire attached to this Contract. • Any change in your credit management procedure or of your credit manager shall be subject to our written approval. Consultation zone In compliance with your credit management procedure and under the responsibility of your credit manager, You may also set by yourself Credit Decisions up to [X INR] per Buyer, provided that prior to the Delivery You request a Credit Decision from us (as defined below in the article underwriting zone). In case of Positive Credit Decision, You shall be covered up to the amount stated in the previous paragraph provided that you complied with any conditions attached to the Credit Decision. In case of Refusal, there will be no cover with respect to the Buyer.

CREDIT MANAGEMENT PROCEDURE AND CONSULTATION ZONE. [C_RIS_DCONS_02_ST] Credit Management Procedure You may set a discretionary limit on your Buyers up to [X INR] per Buyer at a specific insured percentage of [X%] according to the following conditions: •  The Buyer is located in one of the countries as specified in the Countries Coverages Table. We reserve the right to modify this list of countries during the insurance period by way of notification. Such modification shall take effect from the date of our notification; any Debt validly covered before our notification will remain covered in accordance with the terms of the Contract. •  The Credit Decisions shall be set under the responsibility of your credit manager, [Credit Manager Name], in compliance with your credit management procedure described in the Credit Management Binding Questionnaire attached to this Contract. •  Any change in your credit management procedure or of your credit manager shall be subject to our written approval. Consultation zone In compliance with your credit management procedure and under the responsibility of your credit manager, You may also set by yourself Credit Decisions up to [X INR] per Buyer, provided that prior to the Delivery You request a Credit Decision from us (as defined below in the article underwriting zone). In case of Positive Credit Decision, You shall be covered up to the amount stated in the previous paragraph provided that you complied with any conditions attached to the Credit Decision. In case of Refusal, there will be no cover with respect to the Buyer.