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Kuldipsingh
International Holding LTD.
Mr.
N. Kuldip Singh / President .
That
company contacting 07 September 2002 and informed us that They have
Bonny Light and they are the allocation holder, and real Seller of
this commodity.
We
requested them to sign JV agreement with us to be able to Introduce
them to our buyers. So on 09 September Mr. N. Kuldip Signed and
sealed the JV Partnership agreement with us and guaranteed to BPO
that any and all allocation(s) offered to BPO is/are available and
the quantity is/are ready to be transferred and/ or shipped to
BPO’s Buyer(s)” and that the Allocation(s) quantity(s) is/are
under full ownership of Kuldipsingh International Holding LTD.
As
normal procedure Mr. N. Kuldip supplied us with copy of his
allocation and Lay-Can according to our request. We passed those
documents to our buyers whom replied that the documents were fake.
We contacted NNPC London office to verify, and we got same negative
verification, beside that we were informed that the officers whom
signed on the allocation and lay-can are not genuine.
We
transferred to Mr. Singh the report that received by us from NNPC /
London office, so his reply was that the allocation was NON-OPEC
quantity, so he presumed it cannot be verified by London. In
addition to that he supplied us with paper on NNPC Letterhead
confirming the names of NNPC directors after verification we
discovered that the names are real but the paper is fake also
according to London Office of NNPC.
Because
Mr. N. Kuldip Singh was always confirming that he had real quantity,
we requested him to give Vessels name, so he replied after with 4
vessels name also on NNPC paper, and after we verified about the
vessels we found most of them do not carry more that 250,000 Barrels
while in his NNPC paper it is mentioning 920,000 Barrels. Again we
informed him about our verification, and as usual he was admitting
we are mistaking and that he has real contract.
We
requested Charter Party of the vessels, he supplied us also on NNPC
paper charter party for Dutch Pride Vessel at verification we found
it is being used as storage tanker and did not leave the Nigerian
Water since years.
During
all that period he was pushing us to get from buyer Bank readiness
with bank confirmation to pay the cargo value, so when we requested
that to be bank to bank against POP and 1% P. Bond he accepted, but
he required us to move first, so we requested him to supply us with
his bank SWIFT and Telex. But he was unable to obtain that
information from his bank (He changed three banks coordinates during
that period). Finally he came to us with a request to receive DLC
against 2 % P. Bond, but we have to issue the DLC before he issue
the P. Bond and before even he can supply us with one legal
documents proof his products.
The
attached documents into our Black List page show who easy for that
gentleman to issue fake papers and he though that BPO will not able
to prove those fake documents were send by him.
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