Table of Contents

Introduction Underwriter Benefits & Fees How does it work? Assessment SOP Time Payment Monitoring Network Partnerhip About GLS Partners

Introduction

Timely freight payment protection service for forwarders with underwritten bankruptcy insurance guaranteed by

Freight Protection Plans

Other GLS Services:•GLS Payment Monitoring•GLS Due Diligence•GLS Liability Insurance

About Chartis

• A Division of American International Group. Formerly American International Underwriters in Hong Kong, they have been trading since 1931.

• Currently has 45 million customers in 160 countries, providing employment for more than 40,000 employees.

• Main areas of business are Aerospace, Liability, Marine Cargo, Energy, Financial, Property and Trade Credit. They offer over 500 different product lines within those main areas.

• Premium income for 2010 was US$29.87 Billion

Benefits – GOLD COVER • Partners are insured against bankruptcy

Participant's creditors' receivables (90%) covered in case of participant's insolvency or bankruptcy by underwritten insurance up to a maximum of USD 55,000 per creditor, (up to an aggregated liability of USD 200,000 per insolvent participant, up to an aggregated yearly plan maximum of USD 1,000,000 for the underwriter), subject to the underwritten insurance policy terms & conditions.

• Partners log invoices for GLS timely payment follow-up

• GLS gold logo, cover and alert status displayed in own website, collateral and emails

• GLS gold logo, cover and alert status is provided by GLS's public online participant query

• GLS gold logo, cover and alert status is published by GLS to selected freight directories listings

Fees

Fees:•USD 375 is for one time assessment fee (non-refundable, regardless of assessment result)•USD 750 is for yearly insurance premium and timely payment monitoring

How does it work?

YOUAGENT 1

Owes you USD20k

AGENT 2NON-GLS COVER

Owes you USD15k

Insurance payout USD18k

NO Insurance

payout

Part of Assessment SOP

Assessment

GLS Timely Freight Payment Monitoring & Alerting Scheme

Invoice Logging by Debtor or GLSGLS Validated Timely PaymentsGLS Overdue Payment ActionIndividual follow-upIndustry amber alert Industry red alertTo GLS participants & via partner

directories

Timely Payment Scheme

A partnership approach

Co-branding with the industry recognition of Global Logistics Shield's underwritten insurance and alerting offering

Build synergies between networks’ focus and add value with the industry standard freight protection of GLS.

Association & Network

Partner

• Underwritten by Chartis Insurance• Incorporated in Hong Kong• Run by industry stakeholders • Partners:

Henrik ReneChristensen Bendt

About GLS

Supporters and Partners

globallogisticsfamily.com

Be an attractive partner to overseas agents!Partners are insured against bankruptcyPartners can log invoices for GLS timely

payment follow-upGLS gold logo, cover and alert status displayed

in own website, collateral and emails GLS gold logo, cover and alert status

is provided by GLS's public online participant query

GLS gold logo, cover and alert status is published by GLS to selected freight directories listings

Summary

Thank you!Underwritten Freight Protection

Global Logistics Shieldglshield.com