Financial Protection Program
Dealing with confidence is the main factor in increasing efficiency in any kind of collaboration, and nothing can guarantee this unless you feel financially secure at all times. So All paid members of WSA are covered by our WSA FPP (Financial Protection Program) in the annual fee. WSA feels that FPP Program should be made available equally for all members of the network.
About The Program
- WSA FPP allows members to comfortably work with each other even if they have not worked with each other before.
- Prior to transacting with network members, please verify from the network agency list that your partners
- Agent to submit a statement of account (AR/AP) within the first 10 days of each month
- Send pre-alerts (HAWB, MAWB, and Billing) within 14 days of shipment.
- Agents must file a late-payment report within 60 days of the transaction.
- Only network members are eligible for security claims. Expired member status is not entitled to submit claims to the network.
- The network security blanket covers for invoices within a maximum of 90 days before the claim date and does not provide coverage for shipments with payment terms of more than 30 days.
- Security coverage is only granted to members that have attended the network’s conferences.
- The network does not cover disputes caused by service errors
- The network reserves the right to update the above terms at any time.
- For payment issues that have been resolved, the payer will undergo a 60-day probationary period, for the purpose of payment monitoring. Network Management has the right to downgrade the payment status of members with payment issues. This is to ensure that the entire network is kept safe.
- Financial Protection Program up to USD 10,000 for the 1st year
- Increase to USD 20,000 in the 3rd year then Increase to USD 50,000 for members that are in the 5th year and above with the network