Trade Escrow services

The scenario: you enter into a trading transaction with previously unknown parties. You, the seller, want protection for non-payment by the buyer.

However, if you’re the buyer, you need assurance that the seller will deliver. Both the buyer and the seller can benefit from escrow in order to secure the transaction.

Acting as a trusted third party, Intertrust provides both buyer and seller with the required security. Here’s how it works: the buyer prepays the agreed amount to the escrow account. We confirm receipt of this amount to the parties. The seller ships the goods and sends the bill of lading to the escrow agent. The escrow agent dispatches to the buyer the bill of lading and possibly also the inspection certificate. Simultaneously, the seller is paid out of the amount in escrow.
The advantage? The seller is assured that—assuming the goods meet the terms of the sales agreement—payment is guaranteed. Furthermore, the escrow arrangement between the same buyer and seller can be used for repetitive transactions.