WHAT IS AN ESCROW ACCOUNT?

An escrow account - sometimes referred to as an impound or reserve account - is a financial instrument that protects all parties involved in the sale of any big-ticket item, such as a new or pre-owned yacht.

PRE-OWNED ESCROW SERVICE

The way this account functions is really very simple. Set up under the management of our company, this account offers customers the chance to deposit money incrementally towards their pre-owned investment. These payments will then be held in this account until evidence is presented of proper delivery of your purchase. The Catamaran Company will then release funds to the seller after verifying that the yacht is delivered in accordance to the terms and characteristics of the transaction.

In case the seller did not deliver the yacht as agreed, The Catamaran Company will see to it that all monies paid by the buyer are returned to him. This will be done after it is established that the seller has maintained or regained control of his yacht.

NEW YACHT ESCROW SERVICE

The behavior of an escrow account when involved in the purchase of a new yacht deviates slightly. In a new yacht scenario, the collection of funds are fastidiously handled and appropriately dispersed to the manufacturers at the discretion of The Catamaran Company, not the buyer.

Our escrow account services are very safe. All funds handled are received, processed and disbursed by The Catamaran Company through a dedicated team of specialists with years of experience. This is The Catamaran Company's guarantee that your transaction is managed in accordance with the highest levels of safety, carefulness and promptitude.