Welcome to Law-Forums.org!   

Advertisments:




Sponsor Links:

Discount Legal Forms
Discounted Legal Texts


Crude Oil Buyers Needed

The law of the sea.

Crude Oil Buyers Needed

Postby Royce » Mon Nov 07, 2016 8:30 pm

Sir,   Thanks for your advices and educations,but the question I have right now is that I am close to a principal seller of Bonny light crude oil,but I can not get a genuine buyer.   Try as I may they all come with crude ways of negotiations, asking for POP, some even asking for a loaded vessel of crude oil, which is very outrageous, for who would load a vessel with crude oil which amounts to almost 500 million dollars and start looking for who to collect it.   So please how do i get the right buyers or agents for crude oil.   Again if I want to contact a refinery directly how do I go about it.   Thanks
Royce
 
Posts: 43
Joined: Mon Jan 13, 2014 1:08 am

Crude Oil Buyers Needed

Postby Porfiro » Wed Nov 09, 2016 6:12 am

Sir,   Thanks for your advices and educations,but the question I have right now is that I am close to a principal seller of Bonny light crude oil,but I can not get a genuine buyer.   Try as I may they all come with crude ways of negotiations, asking for POP, some even asking for a loaded vessel of crude oil, which is very outrageous, for who would load a vessel with crude oil which amounts to almost 500 million dollars and start looking for who to collect it.   So please how do i get the right buyers or agents for crude oil.   Again if I want to contact a refinery directly how do I go about it.   Thanks
Porfiro
 
Posts: 53
Joined: Sun Jan 12, 2014 6:35 pm

Crude Oil Buyers Needed

Postby jeston » Fri Nov 11, 2016 11:47 pm

Dear Inghele I will give you reply  without prejudice even though your question is inappropriate- Now don't get upset. If you really want to learn something study below. I hate to see Intermediaries getting themselves in serious trouble.I am not being rude not sarcastic, just forceful. Do you know how many fake bonny Crude oil deals are around. Do you know how many i have which I have personally verified as fake .

Take a look at you offer-First rule  Verify goods FROM supplier and not another SELLER.

I will take a guess. Your offer does not match below. NNPC or Napcor or whatever owns 50% of the Angola oil fields concession- They do not offer  nor own exploitation rights to export Bonny crude

Is your offer from NNPC  

The  crude  must imply the following -

Producer:Chevron Texaco Terminal operator : Shell

Maximum Terminal loading 950,000 BBL(125,000 MT)

API 35.4

Sulphur 0.14%

etc..

I will not give the rest of specifications .I do not want fakes sellers  to use it .

So to see if you have a fake offer is very easy.

But! lets assume you have a REAL offer-

Do you think that you can sell it with a 2 cent e-mail?

Are you qualified to act as Seller to the Buyer.

Have to studied and trained like my agents have for years to become a Seller /buyer. No you have not. Why? because FTN exporting has created the first uniform intermediary doctrine on the planet - and you are not registered with me.

SO you have not learned  effective procedure .

You have a fake crude oil offer . And now you ask me - Where do i find buyers.

Do you see the problem ???

USA has buyers. China has buyers.  Does that help you.

No it does not.

You need to learn banking and trading  procedure, delivery procedures contract procedures because  when a buyer say we need POP or whatever , you will know how to reply.

In essence - You can't sell crude oil, because you do not know  due diligence procedure, selling procedures, securing commission procedures, pricing procedures  ..etc... All because  you May have secured such from a seller  or supplier regardless if its fake or real.

1 in 800.

Remember this number . 1 in 800 -  I have ten good trained  agent- To get 10 good agents over an average  2 year period  of trading and interacting with me- How many intermediaries do i need to advise and help in some form  over a 23 year period to get 10 good agents if i use the 1 in 800 formula ???

You are dealing in the most difficult and complex  business applications in world .You have to know more than Shipowners , producers , end buyers, users, forwarders, bankers and lawyers when applying this specific  business.

Everyone wants to try and deal as an intermediary - very few are able is the real fact of the matter- It's that's simple.

99% mythical traders  ..1% reality traders- even if you study well , you chances at start at 50% if you have good abilities add 25% if you reach 75 % level of proficiency , you will sell such oil..IF it real.

Hope it all very clear..read past very recent post on bonny crude oil

You want  to start trading. Go to a local producer of anything- Shake hand with him.Make a deal.  Tell him you want to sell his goods as "agent acting on behalf of a disclosed principal"- Offer One full container load of goods always disclosing your principal on any offer your make -(thus no POP)  add ten percent to the price of such goods - now sell it .Get your commission from your Disclosed principal. sound easy - selling 20,000 dollars worth of goods is just as hard as selling 1 billion dollars of crude.

Don't believe me..try it.If you can sell one FCL at CIP You are an intermediary -You can sell anything. Go ahead increase volumes , until you start to deal in products like crude oil.

If you cannot sell one FCL in 2 years  - Give it up. Selling one FCL or 140,000 MT crude oil, procedures  are very similar in many parts of the deal.

To help, search and  find online a copy of Incoterms 2010- the seller is YOU or your Principal. Follow the delivery rules -and my URPIB rules - You'll soon learn  what you can do and not do.

SEll one FCL..You can sell anything.

Hope it helps Regards

Davide Papa

www.ftnexporting.com

www.smice.met  
jeston
 
Posts: 46
Joined: Sat Oct 06, 2012 4:56 pm


Return to Maritime Law

 


  • Related topics
    Replies
    Views
    Last post