Common use of Insured section Clause in Contracts

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 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 Disbursements of the relevant Supply Chain Finance Facility 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.