Insured section. Insured section means all or any individually lettered sections of this policy that forms part of the insurance contact but only if stated as ‘insured’ in the schedule.
Insured section. What is covered
2.1 Trade credit cover Subject to the terms of this Policy, this insurance provides cover to the Insured for the Insured Percentage of the Insured Loss arising from a Claimable Event as defined in the Schedule provided that each Insured Debt arises from Shipments made during the Policy Period shown in the Schedule:
a) to Insured Buyers in Approved Countries;
b) made in the course of the Insured’s business specified in the Schedule and in accordance with the Credit Management Procedures; and
c) that are invoiced to the Insured Buyer within the Maximum Invoicing Period.
Insured section. What is covered
2.1 Trade credit cover Subject to the terms of this Policy, this insurance provides cover to the Insured for loss, as described in the Trade Credit and Rental Income clauses below arising from a Claimable Event provided that:
a) the Claimable Event Date occurs during the Policy Period; and
b) the Insured Tenants are in Approved Countries; and
c) the lease agreement between the insured and the Insured Tenant has been viewed and accepted by the Insurer; and
d) in accordance with the endorsements that are shown as Insured in the Schedule.
