NB: Due to the large amount of fraud in the secondary market with regard to "major" buyers and sellers, we require the following:
Terms of business for major oil and gas deals:
A) Pay Order is initiated by Facilitator to Seller, Seller signs and seals Pay Order and returns to Buyer’s Facilitator
B) When Major receives signed copy of Pay Order, Major will release Purchase Order to Seller via. Seller Mandate
C) Seller sends Commercial Invoice with Tank receipts, SGS reports, and Dip Test authorization
D) Majors do Dip Test
E) Once Dip Test is complete and approved, payment will be released to Seller
PLATT ?
COMMS $?
Documentation Guidelines.
The submitted documents MUST be on ORIGINAL LETTERHEADS with ORIGINAL PRINTED LOGOS (Some Sellers will not except electronic images of Logos and Signatures).
If a Major representative firm is submitting the Order, a letter of authorization from the Major, signed by one of the Major's authorized officials is required.
The Purchase order or Letter MUST be addressed to: (to be provided according to buyer's Profile and Requirement).
WARNING! This is a very important message to any person or entity involved in the commodities industry on the measures we have adopted with respect to buyers and sellers of oil transactions. If any documents, or communications, (including by post, facsimile, email, skype, and mobile phone texts) are issued to us which prove to be fake, be they from buyers or sellers, we will inform the relevant authorities including, but not limited to, the Financial Crime Unit, The Serious Fraud Office, INTERPOL, I.C.C. DMCC and the FBI.CIA, RCMP, etc..