Rather than walking away from a potential $4,500 profit, you structure the deal with
controls:
Option A: Escrow Account
- You suggest using a reputable escrow company (e.g., AeroTrust Escrow Services, AeroTitle, IATS, JetEscrow, or a U.S. title firm).
- Buyer wires full funds into escrow, including shipping crate fees.
- Escrow only releases funds once:
- Engine is shipped (with tracking and crate photos)
- Buyer signs an engine receipt
- Optional: A third-party inspection confirms engine receipt and paperwork
match
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Option B: Letter of Credit (LC)
- You recommend a Standby Letter of Credit (SBLC) through their Italian bank.
- Your bank or attorney confirms terms:
- Funds guaranteed after proof of shipment
- You submit airway bill, invoice, and declaration of sale
- Bank-to-bank communication only, minimizing fraud risk
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What You Don’t Do:
- You don’t ship without prepayment or a bank instrument in place.
- You don’t bend protocol for the sake of a sale.
- You don’t chase a risky deal, even if it means losing it.
