{"id":527,"date":"2015-11-21T14:21:25","date_gmt":"2015-11-21T14:21:25","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=527"},"modified":"2021-07-14T11:06:49","modified_gmt":"2021-07-14T11:06:49","slug":"it-enabled-services-policy","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/it-enabled-services-policy\/","title":{"rendered":"IT ENABLED SERVICES POLICY"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SERVICES POLICY FOR INFORMATION TECHNOLOGY<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">IT-enabled Services (Single Customer) Policy would be given in respect of contracts for rendering service during a defined period with billing on the basis of service rendered during a period say, a week, a month or a quarter. One policy for one buyer shall be issued.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808000;\"><span style=\"color: #000080;\"><strong>Period of Policy<\/strong>:<\/span><strong>\u00a0<\/strong>12 months<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000080;\"><strong>Risks Covered:<\/strong><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>Commercial Risk \/ Buyer Risk<\/li>\n<li>Political Risk<\/li>\n<li>L\/C Opening Bank Risk<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000080;\"><strong>Percentage of Cover<\/strong>:<\/span><strong>\u00a0<\/strong>80%<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000080;\"><strong>Important Obligations of the Exporter:<\/strong><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>Processing fee of Rs.2000\/- (non-refundable) is payable.<\/li>\n<li>Upfront premium payment in full on the Loss Limit.<\/li>\n<li>Monthly declaration indicating the services rendered, invoices raised and invoices paid to be submitted by the exporter by 15th of the subsequent month.<\/li>\n<li>No separate overdue report.<\/li>\n<li>Filing of claim within 360 days from the due date of the export bill or 540 days from expiry date of the Policy Cover whichever is earlier.<\/li>\n<li>Initiating recovery steps including legal action.<\/li>\n<li>Sharing of recovery..<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000080;\"><strong>Highlights:<\/strong><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>Protection is available upto the Loss Limit approved on the buyer under the Policy.<\/li>\n<li>Premium is payable only on the Loss Limit approved on the buyer, irrespective of the shipments effected to the buyer.<\/li>\n<li>Separate Policy per buyer.<\/li>\n<li>No Claim Bonus (NCB) of 5% subject to no claim, up to a maximum of 50%.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact:<a href=\"mailto:info@caindelhiindia.com\">info@caindelhiindia.com<\/a>\u00a0or call at\u00a0011-23343333<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SERVICES POLICY FOR INFORMATION TECHNOLOGY IT-enabled Services (Single Customer) Policy would be given in respect of contracts for rendering service during a defined period with billing on the basis of service rendered during a period say, a week, a month or a quarter. One policy for one buyer shall be issued. Period of Policy:\u00a012 months &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[695],"tags":[566,502,501,572,179,180,561,214,181,194,541,560,550,538],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/527"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=527"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/527\/revisions"}],"predecessor-version":[{"id":791,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/527\/revisions\/791"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}