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This
Gentleman introduced himself to BPO as broker with long period of
experiences in oil trading business.
On
17 July we received from him inquiry for Regular Grade Diesel,
and attached his buyer procedure altogether with S&P draft
agreement. At checking the terms of draft agreement we found a
clause concern the conclusion's procedure of the deal to be in
accordance to ICC-500
regulation. We Clarified to him that such regulation (ICC-500)
does not concern the procedure steps of commercial agreement, that
being ICC-500 is Master Of Law issued by International Chamber
Of Commerce to control International Economic Law
and it is used only between bankers as Uniform Customs and
Practice and shall
apply to all Documentary Credits, Standby Letters of Credit, Bank
Guarantee, etc..) where they are incorporated into the text of the
Credit only.
During
a negotiations period which took about a week, he came back to us
with the new strange request to issue P. Bond as per the regulation
of INCOTERMS
2000 . We also clarified to him that such INCOTERMS
regulation control the delivery terms ( FOB, CIF, CRF etc..) and has
nothing to do with P. Bond or even agreement procedure.
But
it was useless, we ended the negotiations with him by closing his
file and ignoring his inquires.
On
6 August 2004, we received a message from Mr. Martin
Amah "broker in Africa" claiming he received note
from American Broker informing him that Blue Petrol Oil is some kind
of fraud or scam operation. We requested Martin to disclose
the name of the message writer, but Martin refused. As results of
our investigations we discovered that such message was sent by Dr. Yurij,
we wrote to Dr.
Yurji informing him that he will be Black Listed with Martin if he
do not Confirm Or Refute what he wrote to Martin, but he ignored our
messages. Therefore we decided to Black List both parties.
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