HOW IT WORKS

ESCROW SERVICES IN TODAY’S ECONOMIC TRADE ARE A VITAL COMPONENT.

An ESCROW is a contractual arrangement in which a third party receives and distributes money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Escrow arrangements are a simple but effective way for buyers and sellers to exchange payment for goods without exposing themselves to unnecessary risk.
We can oversee any funds transaction on your behalf, and we don’t release the funds to your seller until the cargo has been safely delivered to the wharf, our nominated transport company is present on site with the unit, or it has been shipped on board. Escrow agreements can take many forms:
Funds transfer
Purchase Terms Negotiation
Tax Management for Overseas Buyers
Seller Verification
Serial Number Inspections
Pre-Purchase Independent Inspections
SGS Inspections
Marine Surveys

If you’re interested in learning why we are the international freight broker others benchmark against, then feel free to get in touch with a member of our team. We promise you that we’ll take the stress out of even the most complicated of freighting.

Auto Escrow refers to a third-party escrow service utilized in the sale and purchase of vehicles, which may include cars, boats, motorcycles, trucks, or any other engine-powered conveyance.

When a buyer identifies a vehicle they wish to acquire, they will engage the services of Logistics Solutions Group, who will draft the terms agreed upon by both parties. These terms will encompass, but are not limited to, the vehicle’s make and model, price, condition, and a cooling-off period that allows the buyer time to verify that there are no undisclosed defects before the funds are released to the seller.

Once both parties have agreed to the terms established by Logistics Solutions Group, the buyer will transfer the appropriate funds via a secure online platform provided by Logistics Solutions Group, where the funds will be held until the seller has fulfilled all obligations pertaining to the sale.

Upon confirmation of the payment by the escrow service, the seller is required to dispatch the vehicle to the buyer, along with all relevant documentation regarding the vehicle’s registration. The buyer will have an agreed-upon timeframe to inspect the vehicle and ensure it is in the condition outlined in the escrow terms. At this stage, the buyer retains the right to reject the vehicle if it does not meet the agreed specifications.

If the buyer is satisfied that the vehicle corresponds to the agreed terms, Logistics Solutions Group will release the funds to the seller, thereby completing the transaction. Auto transactions inherently involve risks for both buyers and sellers, but Logistics Solutions Group effectively mitigates these risks.

In the absence of an escrow service, buyers may encounter several risks, including the possibility of the seller selling to another buyer before the transaction is finalised, receiving a vehicle that does not match the promised condition, or the seller becoming uncontactable after payment has been made but before the vehicle is delivered. Sellers also face risks, such as dealing with buyers who may waste their time or trusting that an unknown individual will return the vehicle in its original condition after a test drive.

Logistics Solutions Group’s Escrow Services effectively eliminate all risks associated with auto transactions for both buyers and sellers. Sellers can be confident that they will receive payment as soon as they fulfil their obligations under the escrow agreement, while buyers can proceed with assurance, knowing they are purchasing a vehicle that meets their expectations.