Description
We work direct with the Seller’s
Mandate, we are part of his team. The Seller is a reseller from
USA, is an allocation holder affiliated to Russian Refineries. Due
to the high volume of inquiries we have developed a system that
allow us to be more efficient in our services, speeding the process
of documents exchange and due diligence process. We are looking for
total transparency and for first time buyers we require the
following information prior releasing any Seller’s information (NO
EXCEPTIONS). For commissions we are on the Seller side (closed) and
the Buyer side is all open.
*- These
are the first documents we need:
a) Buyer’s
Profile. The best profile is the Buyer’s web site.
b) Simple
Letter on the Letter Head of the Buyer, stating that he has read
and understand the Seller’s procedures, and that he accepts them as
they are proposed. The Seller’s Procedures must be “copied &
pasted” in this letter. (Buyer’s Letter Head, not Buyer’s
Mandate).
Once the “Buyer’s Profile” and
“Buyer’s Letter” have been put in place and “due diligence” carry
out, we will call the Buyer/Buyer’s Mandate to release the
“Seller’s Information” for the Buyer preparation of documents
(ICPO & Letter
from Bank) for submittal, we only work with signatories.
The intermediaries must step aside and let us work direct with
Buyer’s Mandate. The commission on the Buyer Side is totally
open.
*- These
are the Second Documents we need after the due diligence has been
carry out:
The ICPO must come also together
with a from the Buyer’s Bank, on the Bank’s Letter Head stating
that they will issue the IRDLC as per point # 8 of the procedures,
after verifying POP at the Refinery. The ICPO MUST have the
Seller’s procedures “COPIED & PASTED”.
