Example 1
A Ukrainian seller wants to sell a consignment of Copper to a French buyer. The French buyer prepays into escrow. The seller delivers the bill of lading to Escrow Advisors which upon receipt releases the money in escrow to the seller and the bill of lading to the buyer. In the escrow agreement buyer and seller have agreed that if the delivery is not within the time agreed, the money in escrow will automatically be returned to the buyer.
Example 2
A New York trader buys Plant Machinery from a British supplier and sells to a Swiss buyer. The Swiss buyer is prepared to pay in advance into a trusted third party account. The prepayment of USD $3,112,000 is to be released to the British supplier and the New York trader simultaneously, such without the Swiss buyer knowing the identity of the original supplier. The escrow agent releases the amount in escrow when the Swiss buyer signs the escrow release instruction after having accepted the plant machinery. |