LACNIC

The Latin American and Caribbean Region

IPTrading wrote the LACNIC policy that opened the IPv4 market in South America. LACNIC policy allows for transfers to LACNIC, ARIN, APNIC, or RIPE members, as well as transfers due to mergers or acquisitions. For all LACNIC transfers, the recipient must demonstrate a justified need for the addresses. If the recipient is out of region, the recipient’s RIR performs the needs test according to that RIR’s policy. Historically there have been few transfers in the LACNIC region, but the implementation of interregional transfers in June of 2020 has increased the number of transfers involving LACNIC address space.

LACNIC

2020
November 19

Buyer creates a MyLACNIC Account

A Buyer wishing to receive LACNIC IPv4 space should set up a MyLACNIC account through LACNIC’s website.

November 18

Buyer applies for LACNIC pre-approval

Buyers need to demonstrate to LACNIC that they have a justifiable need for IPv4 space before receiving it (even though they are willing to pay for it).

November 17

Buyer and Seller negotiate sale under guidance of Broker

Under the guidance of the Broker, Buyer and Seller negotiate the price and terms of the IPv4 sale. In most cases, Buyer and Seller will execute an Asset Purchase Agreement codifying these terms. The Asset Purchase Agreement is a legally binding document that specifies when the Buyer is to fund escrow, and to which escrow agent, when the Seller is to initiate the transfer, and when the funds are to be released from escrow to the Seller. LACNIC is not involved in this step although they are aware that money often changes hands when IPv4 space is transferred.

November 16

Seller initiates a transfer request with LACNIC

The Seller enters a transfer request in their MyLACNIC portal to transfer IPv4 space to the Buyer. This creates a LACNIC ticket number. LACNIC will invoice the Seller for a $200 nonrefundable deposit.

November 15

LACNIC notifies Buyer of pending transfer request

LACNIC notifies the Buyer through their MyLACNIC portal that there is a pending request to transfer IPv4 space to their organization. LACNIC asks the Buyer to confirm it wishes to receive the IPv4 space.

November 14

Seller provides LACNIC any requested information

A LACNIC analyst will communicate with the Seller and may request additional information such as company registration documents.

November 13

Buyer provides LACNIC any requested information

A LACNIC analyst will communicate with the Buyer and may request additional information such as company registration documents. If the Buyer has not completed the LACNIC preapproval process, LACNIC will ask them to justify their need for the IPv4 space.

November 12

LACNIC approves the transfer

After LACNIC completes its diligence with both Buyer and Seller, LACNIC notifies both parties that the transfer is approved, pending payment of its transfer fee invoice and execution of its transfer agreement.

November 11

LACNIC invoices Seller for Transfer Fee

LACNIC invoices the Seller for the transfer fee ($1,000 – $1,500 depending on block size). The $200 deposit made by Seller at the start of the process is applied to this fee.

November 10

Buyer and Seller sign LACINC Resource Transfer Agreement

LACNIC emails a Resource Transfer Agreement. Hard copy versions of this must be signed by both Buyer and Seller and mailed back to LACNIC.

November 9

LACNIC completes the transfer

LACNIC finalizes the transfer and updates Whois, thus completing the transfer process.

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