I appreciate your diligence in addressing the following queries promptly:
1. Where is the material located—within a Storage Tank or on Floating vessels?
2. Clarify whether our engagement is with a Refinery or a Trading company.
3. Define your role in this transaction. Our company assumes the position of Resellers—a financially capable entity capable of purchasing from your seller and subsequently reselling to Exit Buyers/End Burners.
4. Specify the key connection within your organization. Is it the CEO of the Trading company or the Refinery Sales Director?
This is crucial, as our Company CEO will interface with them post initial Due Diligence.
5. Identify the Tank farm company your Seller/Refinery is utilizing for this transaction.
We emphasize reputable choices such as BPGIC, GTI Fujairah, Mount Row, Vopak Horizon, VTTI Fujairah, or similarly well-established entities not like Subleased companies.
Providing these answers promptly within 24 working hours will convey the authenticity of our engagement. Your cooperation in this matter is highly valued as we anticipate advancing to the next level of discussion with our Company CEO.
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The buyer's agent must have the following documents in hand./ You want to sell the goods. We respect your time and ours.
Buyer
The buyer's agent must have the following documents in hand.
1. Company Profile. A company profile tells what kind of company it is and what industries it buys.
2. LOI / ICPO. Application form with the director's passport and specification of the product the buyer wants to buy. And the terms and conditions of purchase, quantities, and payment state.
3. POF. Proof of solvency of the client. Suppose the buyer has no money to buy the product. It is anyone but the buyer, intermediary, or agent.
4. TSA/Q88. A company must have a storage lease or contract with a shipping company if it wants to buy petroleum products.
If you apply to us, be kind enough to prepare a set of documents according to paragraphs 1-3. And confirm that your company will pay us a commission.
Seller.
You want to sell the goods. We respect your time and ours.
1. Company Profile. You need to understand who the seller is, the deals he does, the company's jurisdiction, and who the director is.
2. SCO. The procedure, price, delivery basis, and payment terms.
3. PPOP. We need documents confirming past shipments and the possibility of verifying your volume.
We cannot recommend a supplier if we are not sure about him.
Suppose the seller has no documents or is not prepared to show them in person. We will consider them not as a seller but as an intermediary.
Who pays the commission?
In oil products, it is straightforward. The buyer always pays the commission. The commission is split 50/50; half goes to the buyer's agent and a half to the seller's agent.
I hope you find our article helpful and that you can separate the desire to buy from the opportunity to buy as a company must have about $300 million to buy 2,000,000 bbl per month.
4
Dear Sirs
How are you? Long time no contact and hope everything goes well with you.
We have good O/F for shipment export from Qingdao, Tianjin, Xiamen, Shenzhen.
If you get new enquires for shipment from China, pls feel free to contact me.
Best regards
Angela/Overseas Dept.
Working time: Mon.—Fri. 9:00am-5:30pm
QINGDAO OCEAN NAVY LOGISTICS CO.,LTD.
Address: B-902, Guohua Building,NO.2 Minjiang Road,Qingdao , China
TEL:+86-532-80798211 Ext 8018 Mobile: +86 13645323086 Fax: +86-532-80798205
Skype: cheery.zhao QQ: 1379142066
Email: angela@ocean-shipping.net