Procedure

Procedure

AVAILABILITY CONFIRMATION

We have the product(s) available with banks and law firms able to confirm same.
Due to rapid increase in business, we are currently adding further top world banks to work together with our UK Investment Bank for receiving pre-advice(s) and replying with full bank to bank undertaking confirmation of POP availability and RWA to supply POP by MT799 SWIFT bank to bank. So please see the below procedures which is our standard and cannot be changed from buyer to buyer.

Procedures

Procedures are clear and simple.
Buyer provides LOI on letterhead together with full banking co-ordinates inclusive of name title and contact details of bank officer.
We prepare a full legal binding purchase/sale Contract for review, execution by the Buyer, scan and return by e-mail. Originals can be exchanged by courier or face to face.The Bank to Bank procedures commence.

PAYMENT CAPABILITY PREADVICE

A Pre-advice of commitment to pay from Buyer’s bank to one of the Seller’s banks by secure SWIFT system by MT799 with DLC or RDLC or TT together with collateral security by buyer’s choice of SBLC or BG for 1 to 3 months value of sale(s) dependent of volume of product(s) purchased.
PRODUCT AVAILABILITY CONFIRMED BY FULL BANK TO BANK UNDERTAKING
One of the Seller’s banks via either an Asset Management Company based in the USA oran UK Investment Bank being a Plc, one of about only 50 Plcs licensed banks under UK Bank of England regulations will confirm availability of product(s) and RWA (ready willing and able) to supply both the PB (Performance Bond) and POP (proof of product) with full bank to bank undertaking by SWIFT MT799.
All via top world banks in Western Europe and the UK.

INSTRUMENT SECURITY

Commitment to pay together with collateral security (payment default risk protection) from Buyer’s bank is transmitted/delivered to the Seller’s chosen bank.
DOCUMENTS PROVIDED SELLER/SELLERS BANK TO BUYER/BUYERS BANK
The balance, such as loading, SGS quality, quantity take place and relevant documents are supplied by Seller and/or Seller’s bank to Buyer and/or Buyer’s bank.
SUMMARY
In essence buyer’s bank only commits conditionally to provide payment by SWIFT MT799
Seller’s full bank undertaking to deliver POP and PB by SWIFT MT799.
Balance occurs bank to bank as agreed in any purchase/sale contract.
Product is loaded and discharged at the relevant ports on an out turned barrels inside customs basis.

SUPPLY PROTECTION

Buyer is fully protected by
  • ⦁ Top world bank/s
  • ⦁ Top world legal entity/ies
  • ⦁ Top UK PLC Bank 100% security
  • ⦁ 2 % PB
  • ⦁ Exclusive 105% guarantee of performance/penalty inclusive of Force Majeure in our contracts.
  • ⦁ BG/SBLC maturity and first possible drawdown only after full 12 months delivery where buyer prefers Top USA Law Firm Trust Account security instead of BG/SBLC is available
  • ⦁ USA/UK/WEST EUR/AUS Law enforcement
  • ⦁ No oil payable until after full delivery and SGS
  • ⦁ 100% Supplier Contract Performance Compliance Record available Lawyer to Lawyer

PRODUCT DETAILS

AVAILABILITY CONFIRMATION
We have the product(s) available with banks and law firms able to confirm same.
Due to rapid increase in business, we are currently adding further top world banks to work together with our UK Investment Bank for receiving pre-advice(s) and replying with full bank to bank undertaking confirmation of POP availability and RWA to supply POP by MT799 SWIFT bank to bank.

SIGNIFICANT RANGE and VOLUME

Crude Oil: Blco or SLCO etc.
Derivatives: D2 Diesel, JP54 Jet Fuel etc from Russia or the Middle East
We are at this material time as at the date of this e-mail, constantly increasing our portfolio. Specs are as agreed upon. Product sources included are from many of our established sources of supply, with commitments and contracts of supply in our global group’s hands confirmable by our lawyers as to being from either Kuwait to Saudi Arabia, elsewhere in the Middle East, Russia and occasionally other countries.
PRICE
We provide competitive pricing.
CRUDE OIL SALES
Refinery name is provided.Refinery production capacity is indicated (per day/month).Refinery approval is provided.Thank you for your and/or your Buyer’s enquiry