'dospay' are trusted Escrow & Payment Services, We add trust to complex and high-value payment operations.
For all but a very small number of people, yacht and ship transactions will be relatively infrequent transactions in their lives. Their importance, however, cannot be understated.
Whether the transaction is the acquisition of a ship for commercial purposes, or the acquisition, charter or commission of a yacht for leisure purposes, the sums of money involved are often extremely high. In addition to this, one or more parties, or the flag state or location of the shipyard may be situated in a jurisdiction with less regulatory oversight or one of the less transparent corporate ownership registers.
All of these, taken in the round, can lead to a shortage of trust, or a requirement for an increase in due diligence and assurance when it comes to the transaction.
As experienced escrow agents and third-party managed account providers, we have the tools, relationships and experience to handle transactions of any value.
White-Glove Service Your named account manager can help you manage your accounts at any time, by email, phone or WhatsApp.
High-Speed Account Opening We can open escrow accounts same-day if all of the required compliance information can be provided.
Ultra-Secure Deposits We deposit all pound sterling sums at the Bank of England, offering the lowest-risk escrow service in the United Kingdom.
Any duration, any value We can hold funds for as little as a few hours, for many years, or even longer depending on your specific requirements.
Marine Sale & Purchase Escrow
We provide escrow services for ship and yacht sale and purchase, supporting lawyers and owners in their maritime transactions.
Escrow services addresses enhance the protection for all parties by introducing a neutral third party to manage deposits, documents, and payments between the buyer and seller, ensuring that the terms of the deal are met before money changes hands. This structure provides a reliable mechanism to bridge gaps in trust, allowing it to serve to secure yacht and ship transactions.
For more information, contact Peter Hillyard, Client Operations Manager
M: +44 (0)7932 096912