The vocabulary of a deal, in plain language.

A neutral account where the buyer's money is held until the agreed conditions are met. On Marvinet it is operated by a regulated partner; Marvinet only instructs releases.

The moment funds leave escrow to the seller (and the trader, on facilitated deals). Always triggered by a contractual event such as a positive inspection.

The portion of the price paid into escrow before shipment, typically 10%. It signals commitment and funds the seller's preparation.

The remainder of the price, paid into escrow after shipment and released on confirmed delivery or inspection.

A bank's promise to pay the seller on presentation of documents. Slower and costlier than escrow; often required for very large or state-involved deals.

Know Your Business: verifying that a company exists, who owns it, and that it is not sanctioned. Every Marvinet account passes KYB before trading.

Know Your Customer: the equivalent checks on an individual, applied to directors and beneficial owners.

A person who ultimately owns or controls 25% or more of a company, directly or indirectly.

Checking people and companies against government lists of prohibited parties. Marvinet re-runs it daily on every account.

The private area where one buyer and one seller (or a trader acting as either) negotiate, sign, and track a single deal.

A 3-party structure where a trader buys from a seller in 1 deal space and sells to a buyer in another, without capital or inventory. 2 contracts, 1 escrow chain.

A 2-party structure: 1 buyer, 1 seller, 1 contract, with escrow and verification protecting both.

On a facilitated deal, Contract A is between the trader and the seller; Contract B between the trader and the buyer. Neither counterparty sees the other contract.

The party who creates a deal. On Direct Trade, the originator pays the category-based fee.

The assistant inside the platform that drafts contract clauses from agreed terms, flags conflicting conditions, and answers process questions.

The seller makes goods available at their premises; the buyer handles all transport, export, and risk from that point.

The seller delivers goods, cleared for export, to a carrier named by the buyer. Risk passes at handover.

The seller pays freight and insurance to the destination port; risk passes to the buyer once goods are on board.

The seller delivers to the named destination, ready for unloading. The buyer handles import duties.

The standard consignment note for international road transport. Proves the carrier took possession of the goods and on what terms.

The carrier's receipt and title document for goods shipped by sea. Whoever holds it can claim the goods.

Itemised list of what is in each package: quantities, weights, dimensions. Used by customs and inspectors.

The seller's bill to the buyer, stating price, terms, and parties. Required for customs clearance.

A document, from the buyer or an independent inspector, confirming that delivered goods match the agreed specification. On Marvinet it triggers the balance release.