Quick View of BusinessTrust

Global Reliability Program initiated and administered by CommerceNet Singapore.
Transacting parties contract to affirm commitment to the BusinessTrust Code of Practice.

Commit to best practices and transparencies in B2B transactions. Ensure disclosure of business information and business terms. Provide transacting parties with fair and transparent, means to settle disputes.

Code of Practice focuses mainly on Identification , Legitimate Transactions, Company Profile and Business Information, Communications, Capacity For Fulfillment, Quality of Products/Services, Intellectual Property Practices, Timeliness of Delivery, Payment, Privacy, Dispute Resolution and Information Security.

Transacting parties to put security safeguards to protect personal and financial data of transacting parties.

Transacting parties should have in place dispute resolution mechanism.

Withdrawal of trustmark.

Independent audit and random checks on compliance.