MAGOP CODE MAGOP/COM/RFQ/09SEP2016A  
PRODUCT TYPE PETROLEUM PRODUCTS
DESCRIPTION REQUEST FOR QUOTATION
ORIGIN GLOBAL EXCEPT IRAN, GHANA, NIGERIA, SUDAN, AND SYRIA
BASE PRODUCTS
  • JP-54 JET FUEL
  • D2 DIESEL
  • D6 FUEL OIL
  • LIQUID PETROLEUM GAS (LPG)
  • LIQUID NATURAL GAS (LNG)
  • CRUDES (BLCO SELLERS PLEASE CLICK HERE)
  • MAYBE GASOLINE PRODUCTS
SPECIFICATIONS VARIES
QUANTITY WILL SIGN MULTIPLE CONTRACTS IF PRICE IS RIGHT
CURRENCY USD or EUR
PRICE AS AGREED (Needs to be at or near refinery pricing)
CONTRACT DURATION 12 MONTHS OR MORE
LEGAL JURISDICTION UCP600, INCOTERMS 2000, AND ICC PARIS
DELIVERY PREFERS FOB (BUYER HAS OWN SHIPPING)
SETTLEMENT AS AGREED
PAYMENT SWIFT MT103 OR AS AGREED
COMMISSIONS AS AGREED
REQUESTED PROCEDURE
  1. Magister Operis™ gathers enough evidence to be comfortable that the seller is real, ready, and a match for the buyer as well as knowing any parties in the middle are on the same page with each other.
  2. Seller is provided buyer's corporate profile and addressing information for Seller's issuance of a FCO.
  3. Seller issues FCO on letterhead for review and due diligence by Buyer.
  4. After satisfactory due diligence by Buyer, Seller issues commercial invoice (CI), a complete contract ready for Buyer’s signature, as well as any Tank Storage Receipts (TSR). Seller shall arrange a call with the Quality Certification Officer to verify the TSR.
  5. Buyer signs and returns CI and Contract to Seller.
  6. Seller arranges a bank to bank meeting for POF/POP.
  7. Buyer issues a RDLC for one month shipment that will revolve for the duration of the contract and upon satisfactory delivery of seller.
  8. Full POP is issued by seller for transaction.
  9. Upon matching Q&Q results, Buyer releases payment to Seller and Seller transfers title to Buyer.
NOTES

Magister Operis is absolutely direct to the president of a company with main offices located at a prestigious address in New York City and who seeks significant quantities (multiple contracts) of the following products:

The buyer's oil trading purchases are orchestrated from an office in Cyprus with banking coming from BNP Paribas in Geneva, Switzerland.

The buyer is intimately involved in global commodities trading, private equity, merchant banking, venture capital, foriegn relations and economic forums, as well as wealth management for significant families, ultra high net worth individuals, and corporate clients. The buyer can provide POF upwards of $500M with additional financial infrastructure to pay via established billions in credit lines from a syndicate of hedge funds as well as other capital partners. The buyer/trader will be in complete financial control of every transaction.

The company’s global focus, financial strength, as well as well as being highly-equipped with today’s leading technology allows the buyer’s operations to be currently engaged with ongoing contracts with petroleum refineries all across the global spectrum and typically deals with parties who have been around for a long time. The buyer maintains an active buyer/seller database of over 50 validated buyers/sellers of oil and oil derivatives. At last update, the buyer stated they currently have 27 exit buyers. Purchase of multiple contracts is highly welcome when terms and conditions are an intelligent match for those exit buyers. 

Please provide current product production availability data that is reasonable given your verifiable current facilities, workforce, supply chains, and other promised allocations so that Magister Operis is most intelligently equipped to submit a comprehensive offer and accurate explanation of relationships to the buyer.

SPECIAL NOTES
  1. Buyer will not do business with the countries of Iran, Ghana, Nigeria, Sudan, and Syria.
  2. The buyer purchases contracts only. Any spot quantities can be accommodated as scheduled lifts within a contact.
  3. Buyer's name or corporate profile will not be provided without Magister Operis being comfortable that a seller is real, a match, and ready. What the buyer is really looking for is a Refinery Supply Letter that verifies a refineries current capacity and availablity to produce for the buyer immediately. Many parties calling themselves sellers cannot evidence a supply letter because they don't have fluid relationships with refineries to produce refinery supply letters.
  4. The Buyer will not issue any ICPOs since he feels that a real titleholder does not need one. Buyer has the means to be anywhere on the planet quickly for face-to-face meetings and exchange/signing of documents. He will issue an LOI only after being comfortable with the seller being real, a match, and ready.
  5. Product has to be immediately liftable. Buyer will not sign a contract to wait 90 days before lifting begins.
  6. Issuance of SBLC and BG instruments are not acceptable. Buyer will only issue one month Revolving Documentary Letter of Credit (RDLC) at a time. In some cases the buyer will consider a transferable L/C, but will never give a divisible.
  7. Buyer will protect intermediaries but will not sign IMFPAs...before knowing the seller is real, a match, and ready for buyer's current purchasing conditions. 
  8. Keep in mind the buyer's commodity office is in Cyprus yet buyer's banking is in Geneva, Switzerland. Please focus on the money in Switzerland rather than any non-important financial climates in Cyprus where an administrative office is located.
  9. Allocation holders: CLICK HERE:
MAGOP RELATIONSHIP Absolutely direct to buyer.

 

 

Magister Operis Workflow: CLICK HERE

Broker notes: CLICK HERE

Disclaimer: CLICK HERE