fraud rampant fraud now well fact Nadzh in the oil industry
Put in the simplest and most unambiguous terms, in the field of the international "high" oil trade in the market today is called, there is the central one fact that has become decisively confirmed almost between almost all the experts and traders respectable alike - and that means that today's the field is rife with fraud notoriously rampant and pervasive fraud and fraudsters. Moreover, it is in the market and the market climate of the day, if you are an original oil or petroleum products buyer looking for a genuine seller on equal terms of products, and it has become increasingly difficult, if not impossible, to find one, and vice versa. Unfortunately, I have to provide that this conclusion is the one who came painfully long time, not just of a general consensus among the experts and traders to respect both, but on a research widely own studies and literature in this area.
THE "laden with oil ship" scheme
in a thoughtful writer of these lines, and evaluation, and one of the important ways in which the perpetrators of this fraud in international petroleum business deals are trying to execute today, is through the collection and submission of such these presentations also involve ship pre-loaded BLCO of crude oil or other petroleum products. we simply call it: to download oil ship scheme Blko in the international oil trade. At the very least, should sales presentation also offered a presentation loaded throw immediately red flag serious alarm for caution to the recipient oil vessel, the deal is, at best, questionable just as to its legitimacy, and more likely, and probably is a fake and a bit scammy.
What are the essential nature of this scheme? Simply put, prompted by Internet dealers who peddle these offers, is that the product (crude oil, or some refined petroleum products) have already been "loaded" in the ship, which lies in a certain spot in the International Ready water and awaiting re immediate shipping (usually on the order of TTO) to the buyer who comes ready to buy it.
(as a mandate approved by many of the major buyers of oil are located in both the United States and Europe, this writer literally can not count the number of times per week that we receive these offers on our e-mail boxes consulting office or even through phone calls - offers from people who claim to be of crude oil "seller", "the state", or any other intermediary, and that they have some 00000, and sometimes up to four million barrels of BLCO or FLCO available for sale, in a month, all of which already " loaded "on a ship in international waters).
typical LOADED steamer procedures
typical presentation of this kind, which clearly describe the nature of the fraud in commercial oil deals, is the one who was received recently in consulting writer Office supposed dealer who claimed the existence of "already a boat to Bonny light crude oil (BLCO)", and pledged that "we can lead in any required quantity." The display reads as follows:
laden ship procedures:
1. Buyer and seller sign and seal the contract, including the banking and coordinates the exchange of a signed copy by e-mail. The electronic version is considered signed by both parties are legally binding and enforceable and must not be changed. And it provided the Saudi Press Agency executed in private banks.
2. Seller issues commander Marine ATB inspectors nominated and goods Super buyer and takes supercargo aboard a ship loaded with product confirmation.
3. Buyer issues pay forty million naira (N40,000,000.00) in favor of the seller for logistics on the product confirmation.
4. Seller confirms your payment then wipe and moving the ship to the water Cotonou else and analysis Q.
5. Inspectors buyer go on board the ship were loaded in international waters Cotonou to conduct quality and quantity inspection (at the buyer's expense).
6. Q and Q report disclosed to the buyer and the seller's bank nominated as stipulated in the contract and the buyer puts re Charter on board flight.
7. Buyer issues letter of credit (LC) for a full charge and the brokerage commissions. And implement
8. The final push with operative credit or Swift KTT message transfer payment of 100% of the transport of goods to the seller and the committees for all brokers nominated bank accounts (as defined in the SPA) at one time against shipping documents and goods agreed and provided by the seller through his bank
Subtitle: in essence, what this offer promises is that:
== seller will pay for Omithaq ship oil tanker,
== will upload with the product (in this specific case, Nigerian BLCO crude oil), and the transport of goods to the designated place in international waters off the coast of Nigeria,
== in that Captain slick seller will issue marine ATB (power to the Council) inspectors nominated buyer and goods Super invited to the ship loaded to assure the buyer that the ship is in fact a "pregnant" with the goods loaded.
== and, in this case, with the payment by the buyer of the forty million Nigerian naira (N40,000,000.00) [appx. $ 280,000 in USD] to the seller "logistic services", the seller then moves farther to the ship loaded with water Cotonou Council and Inspection Q to be taken to confirm the actual quantity and quality of the goods on board the ship to the buyer.
== then the buyer puts a charter flight on board the ship (ie they re-charters the ship pregnant from the ship / processors), and issues the owners of the letter of credit (LC) to pay for the full value of goods confirmed by Q and Q
basic trick and FALACY inherent in this supply
boat If you schemes BLCO such as those mentioned above, and others like it, are usually full, but with a lot of serious operational and practical business problems that make such these schemes problematic, impractical almost prone, and ready-to fraud and forgery.
For one thing, do not generally legitimate sellers even offer such a deal. In practical terms, it would be difficult, if not impossible, to find even one seller in the entire crude oil market, Nigeria, and if it is a legitimate supplier paid to Wakzbt from legitimate product sources through the Nigerian National Petroleum Corporation, which can make the process TTO sales of products under these procedures. Last Why? Due to the sale of oil under these conditions TTO implies strongly that, one way or another, a seller of crude oil BLCO will provide, or have filed to sell the raw product has, in accordance with the following terms of sale, which will be studied and is not too difficult, but prudent, even a group of impossible, and unnatural for sale the terms of any product seller anywhere in the world:
== be a question (presumably) pay for the product, the national oil company, the Nigerian-owned or Nigerian oil controlled (BLCO) and had a boat to the fullest extent with the product on shipping Nigerian Station,
== that have gone ahead and hired , and pay for a crew of highly paid, vehicle operators to navigate these laden ship through
== have sailed the ship operators this ship through all the stringent security services and protocols Nigerian port, has sailed through the Download Nigerian station and the port (apparently after the prepayment introduced not only for crude oil , but also to cover administrative and logistical costs, which usually involved in such operations, which usually involve very large sums of money),
== and "loaded" ship by have been moved to a particular place on the international waters where they will meet with some unknown "buyer" interested in doing business in the sale of goods.
In practice, however, a matter of fact that would make the possibility of the above scenario is impractical happens almost absolute, is not realistic, wise financially for any seller, It is not very likely. For example, contrary to what means the above scenario sale TTO or strongly suggest, the fact of the matter is that in the reality of politics strictly practice NNPC is that it will not agree to or allow any ship to be loaded on to load the Nigerian stations - and this is the same policy , by the way, is the general Nigerian national petroleum Corporation, which just as well apply to the policy, every other type of transaction (CIF or FOB) - unless the party must purchase has developed the first means of bank payment verification that it has "frozen funds" to provide with by You have paid full price for crude.
As a result, the Nigerian re-seller of the Nigerian Blko (or any of the other brands of oil) to get any goods from the Nigerian National Petroleum Corporation, and transportation of a Nigerian port, you can be confident that it would be the amounts spent giant money as well as efforts to do so. Thus, it is almost inconceivable that you might find such a re-seller of crude oil BLCO, on the assumption that illegal re-seller who got him a legitimate product, agreed to sell its crude oil under these procedures above the TTO deal. It leads one to believe that this can only happen where, and when there is some fraud in the oil trade agreement.
in the act, and this is one of the main reasons why oil BLCO Nigerian deals, in general, but particularly any that are packaged and marketed so-called "TTO" or "TTT" deals, and is often seen in circles traders reputation ", as the validity of questionable and often associated with doubt and uncertainty about the fundamental legitimacy of the source of the product or supplier. basically, this negative perception of such transactions arises from the fact that the premise and implications behind such a deal goes fundamentally against everything odds basic general principles and standards accepted for trading, and against the ordinary and usual roads all Blko It is known that sales generally to be made with the Nigerian national petroleum Corporation. simply put, the idea here - it is one that seems to instantly unrealistic and clearly too simplistic, even for the environment Business Nigerian and this is what is often perceived as corrupt - is that any vendor in both crude oil Nigerian Blko - a product that is, in addition to everything else, and oil premium at the very top of the list of the brand's most expensive in the world and one crude oil this is a highly sought after by oil traders all over the world - will pay for, elaborately arranging for, pregnancy, and Blko ship all of his own money, with the operating costs of several hundreds of millions of dollars, and then put the cargo-laden oil in the water international wait "buyer" is supposed to suddenly appear to buy it.
at all, more, more unreasonable and more improbable, to say the least!
is to load cargo ship "stolen" goods? or forged a deal? , or both?
in the act, one fact known to the industry with regard to this hybrid of two transactions (the TTO and TTT), is that most reputable and traders were immigrants from crude oil in Nigeria shy generally away from such deals, preferring to do FOB or CIF deal, rather, the best choices, because they view those as clearer and more secure way, or more reliable than transactions or TTT and TTO deal. Moreover, in fact, some analysts have taken to distinguish TTO and TTT deal - which, incidentally, is a style of oil treatment, which is weird somewhat with just a Nigerian oil market in the entire world oil market - as transaction or transactions in "stolen goods" of oil. These analysts explain that, in fact, at least in theory, is generally the only way that the buyer can actually get the cargo TTO is through so-called "oil treatment break" or "abandoned oil vessel" status - that is, put when, by some set of circumstances, after the buyer have been tendered to him, "frozen funds" to pay the banks to the Nigerian national petroleum Corporation to submit a draft sanctions NNPC purchase BLCO tool, and it has been illegal boat with the goods for him, and pay not not then, for some reason, the process of the seller is left to sit with a ship loaded with no buyer for it, causing the ship "pregnant" (so goes the thesis!) to sit off the port waiting for someone else, the second buyer to come along and buy goods from the original purchaser.
In fact, to provide an explanation for the source of their products, and this is exactly the logic, sales pitch that many of the merchants and Internet brokers who peddle such Current trades often, which is how these parties often the ad and make deals TTO or TTT potential buyers - specifically they are a "abandoned vehicle" situation, the usual claim is that crude oil for sale and which are supposed to sit on the high seas waiting to try the buyer, was the subject of it was oil-loading cargo ship the original, which the buyer who originally developed the necessary means of bank payment for goods, for some reason lived up to the level of implementation of the banking instrument, and therefore need a new buyer who comes along just to meet its financial obligations to the original purchaser and shipment is him!
Thus, given the lack of a distinct possibility and nature of dubious and implausible of this reasoning and interpretation of the above provided by the peddlers of "abandoned vehicle" or "abandoned goods" transactions in explaining the main source of those TTO or cargo TTT and analysts who are negative about the disposition of such deals, marked by such deals, in general, dealing in shipments of "stolen." There are, say these analysts, any possible way commercial realistic or logical or other you can peddler of such deals can come only through such goods it is it stolen from them in the first place. Or, as opposed such deals being fake transactions categorically simply founded just scam by their peddlers. If you have a document purporting to be called "laden ship" documents that claim that you are the owner of the right or the seller of the goods BLCO on board the ship, they say, and you paid for Wakzbt of illegal crude oil from NNPC sources, you will not, and can not, perhaps accept that sells goods to buyers in these groups is unrealistic, implausible, and economically too risky of the terms and conditions that are offered by TTO (or TTT) peddlers. And, as they say, if, on the other hand, by any chance or any set of circumstances whatsoever you are in possession of the goods TTO that have not yourself directly pay for, then what you have, as they say, is almost certainly a fake deal backed forged documents - documents in the foundation, and probably fake copies of legitimate transactions and international conmen from the hijacked ship, which is already on its way to the port of destination. A classic case of fraud in the trade agreement oil!
THE FACTS AND logic boat deal
In fact, the objective facts of the matter are available, fights strongly against the logic or the basic logic behind the existence of the so-called "laden ship" deal . First, the massive logistics of crude oil and shipping business is capital intensive awfully, and ships loaded with this product Nigerian BLCO just did not leave on the high seas waiting for any "buyer" Unknown to come along and buy it. Secondly, in fact, every single ship in Nigerian ports formed precisely to Omracptha by Nigerian port authorities, and subjected to intensive guarded by the Nigerian navy and other special tasks to ensure protection against any possible theft or diversion of goods, and all the ships that survey to deliver the goods entering and leaving the territorial waters of Nigeria, not to mention the operating stations, it is cleared and represent not only by customs Nigerian, but at the present time (as of recent reforms stringent set by therefore, the new aggressive team from the Nigerian authorities, the newly appointed in 2012) by the Nigerian team Union Chambers of Commerce investigation, marine fleet, and other special task force government officials, now in the process to control such things in Nigeria. Third, there is virtually no "stranded" load ships from BLCO lying around, and there are very unlikely to be one, in Nigeria or off the coast of Nigeria's oil-bearing in Nigeria, because if he were to be any such ship loaded with Nigerian there are crude oil - a commodity which, undoubtedly, is one which is of the highest quality raw levels, and therefore a higher premium and higher demand in the global oil market today - it will not last until the moment of a split in the market so quickly snatched by anxious refiners and global oil traders from the highest category of financial capacity.
Quite the contrary, the reality is that every single ship lying in any of the port for the export of crude oil in Nigeria be loaded with oil, it is loaded to a buyer a certain - a buyer who has paid the entire crude authorities NNPC. think about it. The World Health Organization in this whole world - even in Nigeria - who, after all, remains first and foremost a businessman to make a profit on the money invested, it will load a ship, for example, the capacity of two million barrels worth more than $ 0 million $ of shipment oil, and they were seated at sea pay some US $ 50,000 for each day that the ship is at sea in additional costs in ship maintenance expenses, only for the businessman to get the ship out to sea and then start shopping around the purchaser of goods, while on the high seas? Think about it - even if it's in the proper, Nigeria and the old classic bad reputation! Traditional story of itinerant Internet vendors to ship laden scheme Blko in the international oil trade, just do not add up, plain and simple!
Davide Baba, an expert is highly respected in the protocols and procedures of the modern Internet trading in oil, commodities and other products, we talk about the fact that the year of unconfirmability inherent rather than deals "laden ship" with the oil authorities in Nigeria legitimate. He stressed that, in general, "You can not [confirm loaded vessel document of Nigeria crude oil]," adding that "these proposals is one, and always provided by the seller and fake - whether you get to view directly from the Nigerian National Petroleum Corporation, or you do not - it's that simple. .. And FTN [his trading company] has seen hundreds of these offerings NNPC as defined - all fakes "
recent results of the investigation team IMB
, and a recent report issued in January 2012 by the Office of the universally respected ICC international Maritime (IMB), the arm combat crime of crime and the international Criminal Court commercial services (CCS) of the international Chamber of Commerce, the London-based organization that mission combat all forms of commercial crime, ranging from fraud in international trade and insurance fraud, a fraud of financial instruments, money laundering and fraud, shipping and fraud product, a report on the findings of the team in the field to investigate the issues are quite similar as the subject of this article to the subject that the members of the Bureau referred to regularly involve their own ships to become caught in the disputes over oil shipments ordered.
0 Komentar