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Shipping and Handling
We attempt to ship your order as soon as we receive it.
We offer the following shipping
methods:
By sea
By Road
Supplier Relations
Hammer Oil Company manages the competitive bid process to efficiently obtain goods and
services from outside sources. Successful supplier candidates for Hammer Oil Company should demonstrate the following
qualities:
- Financial viability
- Competitive and Value Added capabilities
- High ethical standards
- An understanding of Hammer Oil business
- Quality procedures and processes, appropriate to the industry
- Technology, cost or service advantage over other competitors
- Innovative delivery of goods or services e-commerce, EDI, etc.
Hammer Oil reserves the right to select suppliers who will participate in the procurement
process. Hammer Oil cannot and will not promise to transact business with all suppliers. We anticipate that all
suppliers will honor Hammer Oil Code of Business Conduct and demonstrate compliance with applicable safety, environmental, and transportation laws and
regulations.
THE FIRST CONTACT WE MUST HAVE WITH A BUYER IS IN THE FORM OF THEIR OFFICIAL CORPORATE
ICPO OR LOI. DO NOT ASK QUESTIONS IF THIS OFFER IS STILL AVAILABLE, OR HOW MUCH CAN YOU GET, OR WHAT IS THE PRICE. OUR SELLERS
HAVE GIVEN US STRICT ORDERS NOT TO ASK THEM QUESTIONS UNTIL AN ICPO/LOI HAS BEEN RECEIVED. IF THEY DECIDE TO WORK WITH A BUYER
BY VIRTUE OF HIS COMPLETE ICPO AND QUICK DUE DILIGENCE, YOU WILL THEN BE DIRECTLY CONNECTED.
We need a fully completed ICPO (on corporate letterhead, with complete
contact information of the end buyer and corporate seal) with the above procedure copy and pasted on your
ICPO, sent at the same time along with NCNDA/IMFPA signed by buyer.
Seller is not willing to put up a 2% non-operative performance bond, it means he doesn't have product, unless or
he can show product that is in tanks via tank receipts, SGS, certificates or allocation numbers.
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Total Commissions larger than $10 for D2, split 50/50. Only the Buyer determines the commissions. No one else. NO
MORE THAN 3 NAMES ON MFPA-- All others go in Sub-Fee Agreement with the group leader only appearing on the MFPA.
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Buyer will buy at fixed prices: genuine buyers buy Platt minus.
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Beware of the broker nonsense of having to sign NCNDA/IMFPA before allowing a conversation with the buyer-seller. It
means the broker is not close to the seller or the buyer. Broker has to step aside immediately to get the buyer and seller
connected.
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Buyer will not proof funds. Not until product proofed, with the specifications.
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Package goes to only the end seller or end buyer once verified. Then it's bank to bank.
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You are NOT direct to either principal.
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Ships larger than 125,000 to 150,000 to transport D2. The best case for a monthly draw down is 500,000 per month.
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There are no "Million Metric Tons" deliverable.
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Seller "Will provide PB 5, 10 19 days after LC"... means the seller does not have the product.
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Illegal arbitrage is when you flip something without having any of your own money in the game.
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We are told "Buyer URGENTLY needs...." or something "immediately Liftable..."
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Expectations of getting a response back from a seller within 48 hours. Or closing a deal 'TOMORROW'
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Incomplete contact information from the principal.
The simplest least risk for everybody is a non-operative 2% performance bond posted in the account.
The NCNDA is not subject to International law or court. The only thing that is good is the IMFPA and that depends on
your real relationships with the principal.A real buyer has a boatload of money and they COULD cut the legs off the intermediaries
anytime regardless of any NCNDA... no court will protect them. It all comes down to the quality of the relationship.
Recently we have been noticing that many of the documents required for submission to a Seller are missing things. For
example, we have a Saudi Prince who has purchased, we have been told, all of the Gazprom product that had been listed in this
newsletter. His Mandated representative has stated that all MFA agreements MUST be endorsed by the Buyer's bank-- primarily
to avoid any issues with fees, etc. He uses the Bank's Endorsement (*which is always the last two pages of the MFA where the
Notary signs witnessing the Buyer AND the Bank officer signs on the last page). This is not an option. It is a requirement.
Otherwise, the Buyer's submission package of the ICPO, NCNDA and MFA are incomplete and are thereby rejected.
So, if anyone wants to have this Seller take their offer, ALL pages of these documents have to be completed.Don't
shoot the messenger. This is how the man with the product wants it to be done, if there is going to be a deal.
The Seller's procedures ARE THE ONLY PROCEDURES THAT COUNT! If you are buying and won't follow them, please do not waste
time by asking. Remember, in most cases, the Seller's have five to ten other buyers standing right behind you and can choose
to discard any offers that do not conform.
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