Terms and Conditions & Privacy Policy for the Trade Compliance Checker Tool
Welcome to the Trade Compliance Checker Tool (“Tool”), a service provided by [IFS Capital Limited (“Company,” “we,” or “us”). By using this Tool, you (“User”) agree to these Terms and Conditions and Privacy Policy. If you do not agree, please discontinue use of the Tool.
1. Purpose of the Tool
The Tool assists businesses in verifying trade documents and invoices for compliance with international trade regulations by leveraging AI-powered analysis through ChatGPT, a service provided by OpenAI.
2. Information We Collect
Personal Information: Name, email address, and any other details you provide.
Trade Data: Documents and information related to trade compliance, such as invoices, HS Codes, and descriptions of goods.
Usage Data: Information about your interactions with the Tool, such as IP addresses and browsing activity.
3. How We Use Your Information
Your information is used for the following purposes:
To process trade compliance checks by analyzing the provided data using ChatGPT (OpenAI).
To improve the functionality and accuracy of the Tool.
To communicate with you regarding updates, queries, or support.
4. Data Sharing with OpenAI
By using this Tool, you acknowledge and consent that documents and information you upload may be shared with ChatGPT (OpenAI) for analysis and processing.
OpenAI’s data usage policies govern the handling of data shared during analysis. While OpenAI is committed to protecting user privacy, you are encouraged to review their privacy practices for further details.
5. User Responsibilities
You are solely responsible for ensuring the accuracy of the information and documents submitted.
You must not upload any illegal, sensitive, or confidential data without proper authorization.
6. Disclaimer of Liability
The Tool provides informational outputs and recommendations based on AI analysis. These outputs do not constitute legal advice.
The Company is not liable for any direct, indirect, or consequential damages arising from the use of the Tool or its reliance on ChatGPT’s analysis.
7. Data Security
We implement industry-standard measures to protect your data during transmission and storage. However, no system is completely secure, and we cannot guarantee absolute security, especially for data processed by third-party services like OpenAI.
8. Retention of Data
Data is retained only as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Your Rights
Depending on your jurisdiction, you may have the right to: Access, correct, or delete your data. Object to data processing. Request data portability. To exercise these rights, please contact us at info@factorglobe.com.
10. Modifications to Terms and Privacy Policy
We reserve the right to update these terms at any time. Changes will be effective immediately upon posting. Continued use of the Tool constitutes acceptance of the revised terms.
11. Governing Law
These Terms and Conditions & Privacy Policy are governed by the laws of Singapore. Disputes will be resolved exclusively in the courts of Singapore.
Acknowledgment By using the Trade Compliance Checker Tool, you acknowledge that you have read, understood, and agreed to these Terms and Conditions & Privacy Policy, including the sharing of uploaded documents with ChatGPT (OpenAI) for analysis.
