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This document outlines the indemnity policy details for cargo agents, highlighting benefits such as a 100 MBht primary coverage per period and additional secondary coverage of 100 MBht in excess. It emphasizes timely claim notification protocols, where claims must be made within 10 days of default, along with the necessary documentation required. The process also addresses the involvement of other affected airlines and creditors, ensuring a streamlined approach for debt settlement. Please contact Thai Star Surety Co., Ltd. for claims assistance.
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DIP & Beneficiaries
Benefits / Indemnity Primary Policy : 100 MBht per Policy Period Secondary Policy : 100 MBht in excess of the Primary Policy per Cargo Agent and per Policy Period
Insured Debt 45 Days Max 5 Days if Default unknown 15 Days 15 Days 15 Days 1 2 3 4 5 Due Date
Claim Immediately notify: Thai Star Surety Co., Ltd. 02-2454082 – 3 02-2467579 09-7763311 09-1060967
Claim Notification & Settlement Notifying Airline I: Notify the Insurer within 10 daysfrom the Dateof Default(thru Fax Tel E-mail) II: Submit a letter of claim stating the amount of outstanding debt together with the supporting documents i.e. CSR, Invoice, Dud Cheque, AWB
Claim Notification & Settlement Other Affected Airlines I: Confirm the Insurer within 10 daysfrom the date of receipt of the letter whether you are an affected creditor. II: If you are, submit a letter of claim stating the amount of the outstanding debt together with the supporting documents i.e. CSR, Invoice, Dud Cheque, AWB
Claim Notification & Settlement Publicized DEFAULT Due Date Notification (max 10 days) (confirm in 10 days) Obtains supporting documents from affected Beneficiaries ready for a Creditors Meeting
Once the submission of supporting documents has completely been made, Co-Creditors Meeting will be organized and the settlement can be made within 10 days following the resolution of the meeting.
