8/13/2019 Psg Reminder to Buyers 11 2013
1/1
Calle NegrinEdificio Arecuna, N 29Sabana GrandeCaracas
1050Venezuela
Calle J. FbreEdificio Terrazas de La Cres
N 7B, Sector Bella VisCiudad de Panam
Panam
A reminder to Buyers and intermediaries.
1. Refineries establish procedures for trading their products.
Buyers NEVER establish refineries procedures.
2 . If you are a Buyer or a Buyer representative must comply
with the procedures of the refinery with which you do business .
Refinerie
procedures can not be changed .
3 . Refineries allow modifications to a sales purchase contract
(SPA) when the Buyer has sent their amendment on the draft
contract
received and refinerie agree.
4 . To receive a full corporate offer (FCO) from refinery Buyer
should issue a letter of intent (LOI) or irrevocable corporate
purchase ord(ICPO) stating all the specifications of the product he
wish to purchase , company details , the details of your legal
representative and t
company profile . If applicable, you should send your bank
details or BCL to be checked by refinery due diligence (DD)
5 . No intermediary receive confidential information from the
refinery or Seller.
6. Neither refinery emits documents as Registration Data, Past
Performance , Test Product , etc. to anyone who requests it, and
only t
valid buyers whose data have been checked by the refinery.
7. The Draft Contract is sent only to Buyer that has
demonstrated financial capacity to complete the negotiations, after
the refinery has
8. No refinery sends information or confidential documents to a
person or company that has not been fully identified.
9. If you are a intermediarie fishing deals on Internet to offer
to a refinery or Seller Mandate new to you, we encourage you to
fully ide
and clearly state your intentions to work. If you are honest
from the beginning, honest attitude will be a point in your favor.
If you start
your work from obscurity , never leave it.
10. PLEASE NOTE that both the market price as well as the
refinerys available capacity fluctuates daily.
When refinery send production contract to the buyer and the fuel
has not yet been contracted and ordered from the refinery (that
can
maintain the fixed price), the available quantity and price
expressed in a SCO is subject to change without notice.
11. For russian oil products, the POP is readily available.
However, we won't just send any buyer POP when we have not started
a
transaction. Seller will issue a non-operative 2%PB to Buyer and
buyer activates it with instrument. (This is enough guarantee and
is
stronger than POP). The era of POP has gone.
Pedro Saturno Galdona
Director
