Escrow

WE CURRENTLY WORK IN CLOSE COLLABORATION WITH THE MOST SECURED AND RELIABLE ESCROW GROUPS TO ENSURE SAFETY FOR OUR VALUED CLIENTS!

This regulation was first introduced and implemented in the transport sector for the sale of products with undetermined status by the Transport Company, Premier Equine Transport Ltd. (PET) SINCE 2018 under the International commercial or business transactions Law. Our escrow is fully sighted by the ICLA  and It’s specifically designed to protect both Buyer-Seller parties from different locations) who enter into Domestic/Foreign commercial sale transaction agreements.

Please Note!An escrow is an independent, neutral intermediary that manages the exchange of money for real property. It primarily is a contractual arrangement in which a third party (also known as Escrow agent) receives and disburses money or documents for the primary transacting parties (Buyer-Seller), with the disbursement dependent on conditions agreed to by the transacting parties.

Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of selling a property where the buyer might want confirmation of the quality of purchased item before making a full payment, and the seller doesn’t want to take the massive risk of losing his property without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Our firm provides escrow services at affordable rates. While the payment is ‘In Escrow’ the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.

How does Escrow Work?

Premier Equine Transport Ltd. reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.

Safeguards Investment

An Escrow Agreement protects your investment by guaranteeing the long-term availability of third-party software and data while preserving the developer’s Intellectual Property Rights (IPR).

Independent Assurance

Provides independent assurance of access to the source code behind business-critical third-party software.

Enables Continuity

An Escrow Agreement reinforces operational resilience while supporting business continuity and exit plans for third-party software.

Enables Continuity

An Escrow Agreement reinforces operational resilience while supporting business continuity and exit plans for third-party software.

Expert Security

Deposits are held within our physical vaults or virtual vault within our secure Cloud environment which is monitored 24/7 by NCC Group’s SOC.

Supports Compliance

An Escrow Agreement supports compliance with audit requirements, key technology outsourcing regulation rules and guidance.

Manages Supplier Risk

An Escrow Agreement mitigates IT supply chain disruption risk by ensuring that business continuity plans are executed with minimal disruption or downtime.

Buyer and Seller agree to terms

– Either the Buyer or Seller begins a transaction. After registering at Premier Equine Transport Ltd. all parties agree to the terms of the transaction by written and signed agreement.  Premier Equine Transport Ltd.   Department provides agreement on Escrow Terms. Both parties agree to terms by means of electronic signatures.

Buyer pays Premier Equine Transport Ltd.

– The Buyer submits a payment by approved payment method to our Secure Escrow Account,  Premier Equine Transport Ltd.  verifies the payment, the Seller is notified that funds have been secured ‘In Escrow’.

Seller ships merchandise to Buyer

– Upon payment verification,  Premier Equine Transport Ltd.  collects merchandise from the seller, ships it to the Buyer and submits tracking information.  Premier Equine Transport Ltd.  ensures that the Buyer receives the merchandise.

Buyer accepts merchandise

– The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise.

Premier Equine Transport Ltd. pays the Seller

–  Premier Equine Transport Ltd. releases funds to the Seller from the Escrow Account.

Transaction is complete – safely and securely!

Validity & Finalisation of Escrow

The escrow service is valid for as long as the transacting parties have agreed to be under the escrow agreement.  Premier Equine Transport Ltd.   follows through until all of the instructions in the transaction have been followed and conditions met. The escrow holder, while maintaining the privacy of the consumer, must safeguard the funds and documents while they are in the possession of the escrow holder. When all conditions of the escrow transaction have been met and the parties agree, the escrow holder will disburse funds and record the documents conveying the title.

Knowing at every step

Every time you log into your tracking page using the tracking number that will be issued to you by  Premier Equine Transport Ltd. ,  our status updates will let you know exactly where you are in the transaction process and if there is action required by you.

Having access to this step-by-step timeline means, whether you’re a buyer or a seller, you’ll never get stuck wondering what to do next or where you are in the transaction.

Escrow Accounts

When you make an Escrow transaction using  Premier Equine Transport Ltd.  , your funds are held in secured, non-interest bearing trust Escrow Accounts until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.

Personal service behind every transaction

Our licensed and regulated services are also backed by our experienced and knowledgeable escrow officers. Our friendly escrow professionals are available to assist you personally with any need that may arise.

At  Premier Equine Transport Ltd. , we offer live phone support Monday through Friday, from 8:00 am to 09:00 pm GMT+00. In addition, we offer email support 24 hours a day, 7 days a week.

Premier Equine Transport Ltd.

51 GWARAK AN WARAK, TRURO, TR1 2FP, UK
Tel: + 44 (0) 7380 395570
Email: Info@premierequinetransportltd.com