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SECURISATION OF WOOD PURCHASES BY SEQUESTRATION LAWYER

IN PARTNERSHIP WITH BOIS ETIK

Wood purchases under the Charter of the label BOIS ETIK and BOIS SECURE

Security

An innovative and proven guarantee

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Cheaper and more secured than a Credit Insurance

Escrow agreement

It guarantees the parties that the funds are available just for the related purchase and the terms of release and restitution of funds.

Payment Processing

The receiver is the only one to dispose of the funds. He releases the funds in accordance with the contract and informs the parties accordingly.

Closing and archiving

Once the funds have been released and any balance returned to the depositor, the escrow is closed.

Buyer and producer benefits

Secure supplies

The escrow allows the buyer to secure its supplies of raw materials.

Secure production

The industrial producer can also work in optimal conditions knowing that the sum due is in escrow.

Traceability of operations

All operations are archived to optimize the monitoring of financial flows and accounting management.

Maître Emmanuel GILI

An innovative process, a proven method

Confidence is crucial in the business world and especially in sourcing operations in the timber industry.

The brokerage of raw materials often involves large funds, the security of which is essential.
In order to secure wood purchases from Bois Etik and Courtage Solution Bois partners, Gili Law Firm provides clients wishing to acquire raw materials via Bois Etik and Courtage Solution Bois with a secure escrow alternative.

The escrow is an ancestral process in France, registered in the Civil Code since its creation in 1804.
The method is simple :

1/ The law firm is appointed receiver of the funds paid by the buyer.
The agreement defines the parties, the sums sequestered, the conditions and modalities of release of funds, and the modalities of restitution of funds.

2/ The depositor places the agreed sum in the hands of the receiver, who deposits it in an account officially registered with the Bar Association, identified and known to the parties.

3 / The receiver carries out his mandate by paying all or part of the sums sequestered, in accordance with the orders he receives from the principal.
He reports to both companies.

4 / Once the sums have been paid and his mission completed, he issues a receipt to the parties and, if applicable, pays the balance to the depositor.

Simplicity, transparency, security, and speed: this is how we contribute to the confidence and fluidity of commerce.

SECURITY AND FLUIDITY OF COMMERCIAL EXCHANGES APPROVED BY THE FRENCH AGROFORESTRY ASSOCIATION AND ITS MEMBERS

Securing the buyer

The money is sequestered until direct payment is made to the seller of the raw material.

Securing the broker

The money is already reserved and available to carry out the operation.

Securing the seller

The amount of the sale is already secured and ready to be paid to the seller (partners Bois Etik and CSB).

An economical solution

Escrow is up to 80% cheaper than credit insurance.

Securing reception

Upon receipt of the goods, the buyer can report any disorder on a dedicated form, online, and block the amount of the dispute.

AN INNOVATIVE SOLUTION FOR ETHICAL TRADE

AN ETHICAL COMMERCIAL BEHAVIOR UNDER A LABEL IS :

- For each operation, a share of the profits is donated to the French Agroforestry Association.

- On each operation, a share of the profits is paid back to Bois ETIK customers in the form of pooled cash-back on the overall margin generated each month.

- For each purchase made, a share of negotiated margin in the different markets, returned to producers to invest in inventories, the tool park or to invest in the human capital.

Interested ? Contact us using this form, we will call you back.

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