Project No: 59 Escrow Account For Project Financing

Description

Product Code: TR/USC-8111/EAPF-059

Definition: Escrow account for project financing (EAPF)
Amount: USD 500,000.00
Escrow Acc. Fee: 6,5 % of face value

Process:

The buyer and the seller enter a deal through an escrow, and both agree to comply with the contract’s terms and conditions.

Upon agreement the following steps ensure;

• The buyer pays the transaction amount to the escrow account consequently, the third party notifies the seller.
• Next, the seller delivers the product to the buyer. upon which, the buyer verifies the product.
• Finally, the escrow transfers the sum to the seller’ account on receiving confirmation from the buyer.

Company Name: Kern Legal, Inc.
Ein No: 30-1272509
Represented by: Atty Gurbuz Kuyucu
Profession: Attorney
License No: 21976
Licensed by: Turkey Bar Association (TBA)

Payment Service Provider (PSP): UnionPay Verified Partner
Settlement Time: 2 Business Days
Settlement Bank: Choice Financial Group (USA)
Union Pay Mid No: M001105396
Beneficial Owner: Atty Gurbuz Kuyucu
Account Name: KernLegal, Inc.
Account Type: Checking Account
Ratio: 6/1