The standard procedure begins with the buyer's ICPO and C/P. We enhance this with our proprietary vetting process.

Higher Security: Before any documents are exchanged, both the buyer and seller are pre-screened and onboarded into our "Verified Network." This involves a comprehensive review of their legal registration, financial standing, and history of past transactions. Our KYC (Know Your Customer) process goes beyond a simple passport copy.

Action: The buyer and seller are only given access to our network after they've passed our rigorous verification. Once a match is made, we facilitate the signing of the NCNDA/IMFPA and SPA, using our legal partners to ensure all clauses are robust and protect our clients and our commission.

The standard procedure lists several POP documents, which can be forged. We introduce a layer of professional verification.

Higher Security: Instead of the seller simply sending a Fresh SGS report, we require that the SGS inspection is ordered and its results are sent directly to our appointed attorney paymaster. This prevents the seller from altering the document. The Tank Storage Receipt (TSR) is also verified directly with the tank farm operator.

Action: We receive the verified SGS, DTA, and TSR directly from their respective issuing authorities, ensuring their authenticity before they are shared with the buyer. This eliminates the risk of counterfeit documents and builds trust.

This is the most critical phase for both parties—the buyer verifies the product, and the seller receives payment. The risk of the buyer failing to pay or the seller not having the product is highest here.

Higher Security: We replace the direct TT Wire Transfer with a Bank-to-Bank, Attorney Paymaster escrow system. The buyer's bank transfers the full payment to our designated, reputable attorney's trust account. The seller is then notified that funds are "on deposit" and can proceed with the DIP Test Authorization (DTA).

Action: The buyer conducts the DIP Test. Once a satisfactory result is obtained and the product is ready for injection into the buyer's tank, the buyer issues a written instruction to the attorney paymaster to release the funds. The attorney then immediately releases the funds to the seller's bank. This simultaneous exchange of funds and product title offers maximum security.

The final step is commission payment, which can be a point of dispute.

Higher Security: Our Irrevocable Master Fee Protection Agreement (IMFPA), signed at the beginning of the process, ensures that all commissions are paid directly by the attorney paymaster from the proceeds of the sale before the remaining balance is transferred to the seller.

Action: The attorney paymaster disburses commissions to all registered intermediaries, including the facilitator and brokerage, as the very first financial action after the deal is completed, ensuring our success-based fees are always secured.

What do these commission fees cover?

Fixed Costs: Salaries and benefits for employees, office rent, insurance, and professional fees (legal, accounting).

Transaction Costs: Fees paid to banks and paymasters, and any other costs directly associated with a specific deal.

Variable Costs: Travel expenses for client meetings and events, marketing and advertising costs, and telecommunications expenses.

Yes, we maintain an updated blacklist to uphold the ethics and integrity of the oil business. There are many shady brokers and self proclaimed representatives of alleged refineries and suppliers. Although business name changes, and so do the names of business people, we try to keep an updated list as we come across these businesses. Click here to see the list