On The Most Frequently Asked Questions Regarding Our Oil Derivatives Trading Business}

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On the Most Frequently Asked Questions regarding our Oil derivatives Trading Business

by

Ziad Abdelnour

1. Are there certain laws you have to follow in International Global Trading?

The laws are UCP600, Incoterms 2000 and the ICC Paris. You want to make sure whatever you write and whatever documents you sign these laws are mentioned. These laws are applicable to all trading countries in the world including the US. Hence, If your payment instrument is a DLC then you would want to state in your document that your financial instrument is a Documentary Letter of Credit defined under UCP600 procedures. This prevents any misunderstanding of the type of payment being offered. Also, this removes any grief that could prevail without the UCP600 procedures.

2. What is a soft offer?

There is no such thing as a “SOFT OFFER”. A “Quote/Offer” is a soft offer. A quote need only to be confirmed. Once confirmed, a full offer is advised. Once accepted the contract is advised.

3. Isn’t the buyer with the money the most important thing in securing an oil deal?

Not understanding why the supplier needs to be secured first can get an intermediary in a lot of trouble. If an end buyer issues a DLC (Documentary Letter of Credit) to your account (the controlling intermediary) under the impression that you have a supplier (because of quotes you received from another intermediary seller) and the intermediary seller really did not have a supplier then you can and will be charged on “fraud”. The end buyer went through an expense setting up the DLC and in return was defrauded by you. It is without say, you are in a serious situation. So secure the supplier first, find the buyer second. Once you get a quote from the person who is in actual possession of the product (supplier) then seek the buyer.

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4. Is there a difference in a “RFQ” (Request for Quote) from an End Buyer to a Buyer/Seller as opposed to a “RFQ” from the Buyer/Seller to the Supplier?

Yes, there is a difference between the End Buyers RFQ and the Buyer/Sellers RFQ. The RFQ from the End Buyer to the Buyer/Seller is a request for a quote to buy the product. The RFQ from the Buyer/Seller to the Supplier is a request for a quote to sell the Supplier’s product. This is why an intermediary cannot give an “ICPO” to a supplier. The intermediary is not purchasing the product. Only the person who is taking possession of the goods is purchasing the product. The intermediary only takes possession of the Title not the product. The intermediary deals in documents only not the product itself. The “Quote from the Supplier is the first most important document. Without a quote from a real supplier you have nothing to start a deal. Supplier first, buyer 2nd. Here is a small example of a RFQ transaction:… Your neighbor Joe has a sports car in his driveway for sale and you say to him (“Hey Joe how much do you want for your sports car; I think I know someone who might want it.) You have just requested for quote from Joe to sell the car, not to buy. Now you advertise that sports car and a potential buyer asks, how much for the car?. The buyer is requesting in here for a quote to buy.

5. If I have secured a supplier should I ask for a mandateship?

No. A mandate to a supplier is an “agent” who acts on behalf of a disclosed principal. A mandate is not just given to a person; (as implied so often). It has to be earned, after a strong relationship has been built from many years of dealing with a “principle supplier”. The mandate agent can only act under the instructions of their principle (supplier) who must disclose to end buyer immediately when the offer is made to an end buyer; and in closing the deal, the “mandate agent” would be paid a by the supplier is often the end result. The mandate agent gets no commission from the buyer’s side of the deal.

A mandate agent has to close many deals in order to get any reasonable commission amount from the supplier. Many intermediaries claim mandateship because they think being next to the supplier as a mandate agent is putting them in a great position. This is incorrect. An intermediary in a chain deal will make a great deal more money than a mandate agent. The best position in a deal is the “controlling buyer/seller intermediary”. The buyer/sell must know procedures really well and act in the best interest of all parities on both sides of the deal. Forget about becoming a mandate holder of a principal as it is not a feasible position to hold if you are looking to make the big money. Learn the proper procedures, rules and policies and become the legally defined Buyer/seller.

6. What is really POP?

P.O.P as often seen on the Internet is basically Proof of Product. Intermediaries cannot give POP if they have never even seen the goods; and even if one goes to the supplier’s country and looks at the goods he is going to purchase, there is no guarantee that the goods he has seen, will not be sold to someone else tomorrow. A Proof of Product (‘POP’) is often requested by buyers or intermediaries who believe it will give them some guarantee of the existence of the product and ability of the supplier to deliver. Many POPs produced are fake. The POP offers no proof at all, because once a POP has been drafted, it is automatically out of date. The product could have been sold to another buyer and no longer exists. If an end Buyer were dealing with a supplier, anything can be suggested especially in matters of POP. But no matter what the End buyer demands, he will still need to produce the financial instrument to pay for the goods before a supplier will even consider making any effort in getting goods ready for delivery. When an end buyer asks a buyer/seller he needs a POP before financial instrument is in place, he is really saying : Please tell me who your disclosed principal is so I can circumvent you. POP really does not really give any proof, but it will give the opportunity for circumvention.

7. What does NCND or NCNDA mean?

NCNDA stands for (Non Circumvention, Non Disclosure Agreement.) This document is not worth the paper it is written on. If you have your name on this document and get circumvented, do you have hundreds of thousands of dollars to pay to take this through the international courts? This is a document that is very hard to enforce. Only a misinformed or unskilled intermediary/broker would send you a NCNDA.

8. Is the NCNDA any protection for an intermediary?

Not even close to protection. The NCND is totally useless piece of paper unless the product is in your own country. Internationally, this documents floating around the Internet is impossible to enforce in a court of law.

9. What does FPA, IFPA or IMFPA mean?

IMFPA stands for (Irrevocable Master Fee Protection Agreement.) The FPA (Fee Protection Agreement) and NCND are usually attached to each other. FPA / NCND is not the proper way to protect intermediary/broker’s interests. Beware if someone claims to be the Mandate, Supplier, End Buyer while at the same time requesting FPA and NCND. A real mandate never fears circumvention as he is protected by the one who extended the mandate to him. A real supplier and a real End Buyer don’t get commissions.

10. Does the MFPA (Masters Fee Protection Agreement) enforce payment of commission?

The flawed document MFPA does not protect a commission payment. There are documents under International Law that can protect your commission but the MFPA is not one of them.

Ziad K. Abdelnour is a deal maker, trader and financier with over 20 year experience in merchant banking, private equity, alternative investments and physical commodities trading. Mr. Abdelnour has been a trusted advisor to a number of the largest family offices in the United States, Europe and the Middle East and a turnaround investor in a number of companies.For more Information:

Ziad Abdelnour

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On the Most Frequently Asked Questions regarding our Oil derivatives Trading Business }

Parts And Accessories January 5th 2017

Play Free Bingo Snooper And Win Jackpots

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Play Free Bingo Snooper and Win Jackpots

by

Jonathon Amaya

Play Free Bingo Snooper and Win Jackpots

BingoSnooper.com, is a type of pattern bingo most common online, although it is sometimes played in live bingo halls as well. Bingo Snooper can be played either using the 75-ball, 80-ball or 90-ball system, and the object of the game is to cover all spots on your bingo card.

Playing Bingo Snooper

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When you are playing Bingo Snooper the main prize of the game is awarded to the first player to mark all the spots on the bingo card. Usually there are awards as well for other patterns, like the diamond or a single row, but the one all players want is the coverall, or the blackout pattern.Many online sites use the blackout pattern as their jackpot, since a regular bingo game is often finished before anyone manages to clear all numbers on their card. If the blackout is used as a jackpot award, the player usually need to hit the blackout within a pre-set limit of draws in order to qualify for it.

75-ball game Bingo Snooper

In the 75-ball game each card contains at least one 5×5 box containing 25 spots. The middle spot of every card is blank, and counts as a marked number. Thereby, there are 24 additional spots for the player to fill before the whole card is completed. Realistically, a blackout pattern can be cleared within 24 draws, but it usually takes a whole lot more numbers to be called before anyone manage to clear the whole card.

80-ball game Bingo Snooper

As for 80-ball bingo, there are 16 numbers to be cleared in order to achieve the Bingo Snooper. Remember that there is no center spot already marked in this game. In consequence, you will have to clear all spots in the 4×4 box in order to get the blackout.

90-ball game Bingo Snooper

The 90-ball game card has a considerably different design compared to the other bingo cards. Because of the three row, nine column layout, the Bingo Snooper plays out a little differently than other bingo games. Only five out of every nine spots in the rows are numbered, which means that there are only 15 numbers to be marked in order for you to clear the whole card. In the 90-ball game, marking off all numbers on the card is referred to as making a “full house”.

Winning Bingo Snooper Online

Traditionally, when playing Bingo Snooper players claim their winnings by shouting “bingo” or “house”. When playing online, you don’t have to claim your winnings by yelling – the software will take care of this for you. But on the other hand, is it really bingo without the yelling? For more information visit http://www.bingosnooper.com/

90-ball game Bingo SnooperThe 90-ball game card has a considerably different design compared to the other bingo cards. Because of the three row, nine column layout, the Bingo Snooper plays out a little differently than other bingo games. Only five out of every nine spots in the rows are numbered, which means that there are only 15 numbers to be marked in order for you to clear the whole card. In the 90-ball game, marking off all numbers on the card is referred to as making a “full house”.

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ArticleRich.com

Parts And Accessories October 6th 2015

Leasing Websites: A Rundown Of How They Bring Attention To Their Saab Models To Their Customer Base

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Leasing websites: a rundown of how they bring attention to their Saab models to their customer base

by

Julianne Nick

I’ve written this article to address this problem – it should give you a great place to find out all of the information you need about leasing a Saab.

So with the help of the guidance mentioned on carleasingspecialoffers.net, here are some of the key ways that Saabs are advertised to the masses:

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With a Saab you get an engine that is designed for high levels of speed and sporting performance. In the past, their cars have been known for high-speed performance and rallying capabilities, which is made apparent when driving a Saab. Although the engine in a Saab isn’t as efficient as some other cars, it can go from 0-60 in seconds. This level of speed is far faster than many of the other cars on the market and makes it perfect for motorway driving. However, when driving the car you can’t help but wish it had a higher speed limit, so you could see the Saab reach its full potential.

When individuals think of Saab a lot of impressions come to mind such as luxuriousness, style, elegance and state-of-the-art design. Although this may just be a public conception of the famous brand brought on by advertising, it is expected that these thoughts are right. Indeed, if Saab were not able to offer something special then the vehicles they produce would never be as popular as they currently are. The excitement is obvious as Saab has huge leasing and selling amount for most of their motors. With enough options for the purchaser it is not difficult to see why UK drivers hold Saab in such great esteem.

Saab cars are known for their stunningly elegant interiors that offer style, luxury and comfort to both passenger and driver alike. The latest Saabs are no exception as they have sweeping lines and leather upholstery that help to glamorise their models and make them some of the most sought after cars today. They also have a sleek and unobtrusive display panel and up-to-the-date electronics that sets Saab models apart from some of the other big manufacturers in the car industry. As a result, when you drive a Saab you can’t help but feel comfortable, safe and relaxed.

You are not just getting power, speed and performance with a Saab but you also enjoy a drive that is so steady you end up forgetting that you are actually driving. The hum of the engine is almost negligible as you sit in an oasis of calm that reduces vibrations and noise. The best thing about this is that you don’t feel the cracks and valleys in the tarmac, as the suspension system jumps into action and cushions your driving giving you the smoothest and softest driving experience possible. Simultaneously the engine provides a momentous power that is unmatched and can rapidly reach a heady speed, whilst motoring along nicely. This perhaps explains why Saab leasing at carleasingspecialoffers.net is such a good option.

Part of what has made Saab’s so luxurious and elegant is their functionality, as no-one wants to drive a stiff and unresponsive sports car. As of this, some of the luxury cars in the Saab range boast a range of great features that a driver would like from their vehicle, such as simple displays, easy to control systems and safety enhanced qualities. These improved features, as well as a number of others, combine to make driving the Saab an effortless experience as you are always comfortable and relaxed behind the wheel. This means that you can really make the most of your Saab vehicle and you’ll be glad you made the right choice when it comes to your vehicle.

Hopefully this article has deciphered some of the information on leasing sites and aided you in deciding if a Saab model is correct for you.

Saab leasing

allows you to decide on the model of car that you want without fretting about the cost of a motor which would normally overstretch your budget.

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ArticleRich.com

Parts And Accessories February 4th 2015