Credit risk insurance
In order to avoid worries about not getting paid by your overseas partners, Alfa members are automatically covered by a revolutionary credit risk insurance. The insurance starts at US$ 10.000 per year for new members, and can accumulate to a maximum of US$ 50.000 over the course of 5 years.
On top of that, members of the Alfa Logistics Family are not only protected against insolvency, but also against suspected insolvency, protracted default and bankruptcy. This makes our credit risk insurance truly unique, and sets us apart from our competitors.
No bond or trust funds
By outsourcing our credit risk insurance to an external and neutral third party, we do not have to apply a financial trust bonds or funds that we control ourselves. This ensures members of the Alfa Logistic Family that eventual disputes are handled in a neutral and fair manner.
A- classification by S&P
As if that were not enough, our insurance company is registered with Lloyd’s of London, the world’s number one specialist insurance market. On top of that, it was classified with a strong rating (A-) by Standard & Poor’s, a globally respected credit rating agency. This makes our credit risk insurance hard to beat.
We ask our members to report outstanding payments via our weekly monitoring system. In the case of ongoing disputes, Alfa will install an arbitration committee consisting of three members from three different regions. We reserve the rights to expel members within seven days of the verdict.
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