Defect/Damage Insurance Clause Samples

Defect/Damage Insurance. The Supplier, as an Exporter/Importer of said Product, must be insured against losses resulting from defective or damaged Product delivered to the Distributor. Defective or damaged Product must be brought to the attention of the Supplier within 48 hours of receipt of the product by the Distributor, and must be inspected by a duly authorized representative of the Supplier prior to credit issue or claim reimbursement. Replacement Product will be issued for damaged or defective Product in a timely manner, subject to insurance claim and approval of such. Distributor to use its best efforts to support Supplier's pursuit of insurance claims to recoup costs for damaged goods.