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Why Use Global Oil And Gas Trading Platform ?
Global Oil and Gas Trading is a new age platform. It has no place for “wanderers”!! Simplicity and transparency are its core values and its highly professional team ensures the smoothest experience through each deal the buyer or seller wishes to engage in on this platform. Both buyers as well as sellers allowed to trade on this platform are 100% vetted and verified since they have to undergo a stringent background check by the compliance team, and the platform makes sure that all traders are financially capable of transacting business with each other without hiccups or inconveniences.
Our indefatigable team works flawlessly to meet timelines set by the traders and engages itself in every aspect of the transaction process to ensure the smooth passage of each deal. A lot of times negotiations are necessitated due to differences in acceptable transaction procedures. Our expert team fully understands such situations and are always available extending facilitation between buyers and sellers to arrive at mutually acceptable transaction procedures.
The platform provides ample elbow room for qualified Buyers and Buyer's signatory Mandates worldwide who meet the financial criteria required to purchase petroleum products. The platform principally works for those who submit their buy requirements as well as sell offers online for review by the platform's experts. The submission forms are designed in a manner that helps receive maximum relevant information from both buyers as well as sellers. This helps in two ways :
1.) It ensures the applicant is serious and at the same time has the capacity to transact.
2.) It helps save precious time.
Global Oil & Gas Trading Platform is one of the choicest emerging trade platforms in this sector. Our team has consistently delivered its efficient services and the number of traders using this platform is consistently on the rise.
The platform guarantees straight forward business deals between parties and avoid long chains of shady intermediaries. A lot of excellent storage as well as logistics companies are steadily joining the platform to offer their services to the traders. There is plenty of relevant information available through the platform which adds to the feeling of security among all participants. While it boasts of openness, the platform also unfailingly ensures complete confidentiality for all traders and other service providers.
TERMS OF ENGAGEMENT WITH INTERMEDIARIES/ BROKERS
It is imperative to understand that we have an exhaustive due diligence process in place and we expect the same from all the brokers and facilitators who wish to work with us. We do not work with so called brokers who are just mail forwarders and are not direct to end buyers & end sellers.
Please read the following carefully as this will decide if Global Oil and Gas Trading can work with you or not:
NCNDA / IMFPA
The first thing any amateur broker will pop up is that we have to sign the NCNDA (Non Circumvention Non Disclosure Agreement) and MFPA (Master Fee Protection Agreement). First of all, almost all the NCNDAs and IMFPAs floating in the market are FAKE and not endorsed by ICC. You ought to understand that we do not have any problem with signing NCNDA but it has to be genuine. We only utilize the genuine ICC publication 769 E ( ICC Model Contract ) that can be purchased here.
Any other NCND you see with the ICC logo and mostly titled ICC 400/500/600 is fake. Read the official warning from ICC here. Then there are those who claim to be mandates and then ask for an NCNDA; beware of these individuals and companies. Real mandates never fear circumvention as they protected by the company who extended the mandate to them.
Secondly, Global Oil and Gas Trading cannot just sign the NCND with every individual and company that comes along claiming to be direct with their principal. Be ready with detailed information about your company, website, corporate profile, registered office address, working phone numbers to begin with. Not all but most emails from gmail, yahoo, hotmail etc will be purged.
We do not work with long chains of brokers. This means if you approach Global Oil and Gas Trading, you should be direct with your principal (end buyer or end seller). NO exceptions what so ever. Being new in business is not bad but you should do your homework. We receive tons of emails where individuals claim to be "close" to the seller/buyer, but being "close" is not being direct. We are not here to teach business to every individual that emails us, do your homework. It is always difficult to work when there is no transparency.
We expect you to do proper due diligence before forwarding us any document or inquiry. As brokers, facilitators and traders, we feel that it is our corporate responsibility to do proper homework before forwarding anything to our principals.
In a nutshell, we can work with you if:
1. You have knowledge of the commodity.
2. You are direct with the end buyer/seller.
3. You are willing to exchange principal's details.
4. You have performed proper due diligence.
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