Pre-Qualification

Dear Valued Customer

Our Refinery Group Seller are pleased to confirm their availability and capability to offer FOB products for immediate spot trial lift followed by a 12-month contract, as well as CIF products to ASWP within 25 days or less. Their products are of the highest quality and are guaranteed to meet the specifications and pass through the stringent requirements of SGS testing or equivalent.

Thank you for considering Bader Aldhaen International Trading W.L.L. as your facilitator of choice for high-quality petroleum products. We look forward to working with you and building a long-lasting partnership based on mutual trust and respect. Bader Aldhaen International Trading W.L.L. takes the necessary steps to ensure that “We” are properly compensated for our efforts in bringing Real buyers to the table. Providing a sample MOU template as a guideline is a thoughtful gesture that will undoubtedly be appreciated by those in the industry.

By making it clear that the buyer pays the gross price for the product and the refinery pays the buyside commission to the paymaster listed on the MOU, “We” are helping to ensure that all parties involved in the transaction are clear on the terms and expectations.
By providing clear guidelines and a sample MOU template, “We” are demonstrating a commitment to transparency and fairness.
Once the MOU is signed by the Buyer and in place it is time for Bader Aldhaen International Trading W.L.L. to step aside and give the transaction a change to develop and execute successfully between Buyer and Seller.

How we work

[not negotiable]:

Two Zoom calls with refinery’s seller mandates, buyer need to attend, before to get information to issue the ICPO.
A) Buyer should accept the procedures [Not Negotiable]
B) Buyer should sign the MOU/NCNDA (As Draft Attached) Document will be sent to buyer via Docusign. On the MOU/NCNDA, buyer also confirms the below:

For a FOB Transaction:

1) To accept the procedure
2) To be able to provide RWA followed by SBLC MT760 or 10% guarantee payment of the total face value of first lift or provide active TSA/TSR.

For a CIF Transaction:

1) To accept the procedure
2)To be able to submit a RWA followed by SBLC MT760 or 10% guarantee payment of the total face value of first lift.
3) To be able to issue SBLC MT760 from a 10/25/50/100/200* world top bank. (MOU is mandatory to be filled before the 1st zoom call).

buyer requirement to engage in a transaction

Our Seller places a strong emphasis on a thorough and transparent customer registration process. By requiring buyers to complete and sign a pre-qualification questionnaire and provide a copy of their corporate certificate, Our Seller is ensuring that all parties involved in the transaction are legitimate and capable of engaging in an FOB transaction with the refineries they represent.

The onboarding call with the refinery mandates, the buyer, and the buyer’s logistics and transaction directors is a smart step in the process to ensure that everyone understands the intended flow of the transaction. This mutual transparency helps to minimize misunderstandings and build trust between the parties involved.

It’s understandable that LOI’s and SCO’s are not part of the onboarding process, as the mishandling of these documents can often lead to confusion and delay in the transaction process. By providing clear instructions on how to address the ICPO via email, Our Seller is streamlining the transaction process and helping to ensure that it moves forward smoothly and efficiently.

Overall, it’s clear that Our Seller’s approach is different, but it works. By providing the “missing link” between buyers and refineries, We are helping to create a more efficient and effective marketplace for all involved.

PRE-ONBOARDING CALL
1st Zoom Call

On the First zoom call
Seller Group representative will explain in detail the procedure as agreed by buyer, step by step and will ask when buyer is ready to provide the RWA and availability to share information related to the Tank Farm buyer is going to use if for a FOB Transaction & if Buyer is ready to issue SBLC MT760 from a 10/25/50/100/200* top bank for a CIF Transaction.

After the First zoom call which is an introductory call between Buyer & Seller. Buyer should be prepared for Second & final Zoom. The Buyer should fulfill the attached Pre-Qualification Questionnaire for review and completion.

As soon as the Pre-Qualification Questionnaire is completed and accepted by Seller’s representative, Buyer should be ready for the Second Zoom call to be scheduled which is also called the (On-Boarding Call).

Before to attend the Second zoom call, Seller Representative will send NCNDA to the buyer to complete & sign accordingly.

On this Second Zoom call: the buyer, buyer logistics director, Seller’s representative will only attend

ON-BOARDING CALL

2nd Zoom Call

On the second zoom call, Buyer will obtain Information to Issue ICPO to the Seller and the procedure selected will start accordingly.

Note: Buyer will have all the time he needs to make his own Due Diligence to the Seller/Refinery, before issuing the ICPO.

From this point, all communication will be only between Seller and Buyer, Seller’s representative will be in CC just to follow the process and help Buyer if needed.

The Seller Group Representative will thoroughly review the FOB or CIF procedure with the Buyer to ensure they understand the necessary steps without any changes. To proceed with the transaction, the Buyer or their transaction coordinator must demonstrate their financial capacity to engage and pay for the product with their own funds. This is a requirement for the refinery to accept the ICPO.
The Seller Group Representative will share the refinery’s export certificate with registration # as well as the link to the Dun & Bradstreet registration with the Buyer under non-disclosure responsibility, so the Buyer may conduct their own due diligence before submitting the ICPO.
To ensure full Proof of Product (POP) can be issued and verified, there must be coordination between the Buyer’s logistic and financial departments. For FOB transactions, payment must occur within 24 hours of POP acceptance, while for CIF transactions, payment must take place within 3 to 5 days of receiving the cargo.
If the Buyer wishes to proceed, The Seller Group Representative will complete their customer registration and provide them with specific instructions on how to address the ICPO to the refinery and what components must be included via email. Once the ICPO is complete, it should be emailed to the Seller Group Representative Corporate Email address which will be provided.

Registration Process

The Refinery Group places a strong emphasis on a thorough and transparent customer registration process. By requiring buyers to complete and sign a pre-qualification questionnaire and provide a copy of their corporate certificate, The Refinery Group is ensuring that all parties involved in the transaction are legitimate and capable of engaging in a transaction.

An NCNDA will be sent out via DocuSign for the buyer & buyer logistics director to sign along with two refinery mandates. the purpose of this NCNDA is so that once completed the onboarding call can take place with full disclosure from both sides to give the transaction a change to be successful.

The onboarding call with the refinery mandates, the buyer, and the buyer’s logistics director is a smart step in the process to ensure that everyone understands the intended flow of the transaction. This mutual transparency helps to minimize misunderstandings and build trust between the parties involved.

It’s understandable that LOI’s and SCO’s are not part of the onboarding process, as the mishandling of these documents by facilitators can often lead to confusion and delay in the transaction process. By providing clear instructions on how to address the ICPO via email along with the verbiage required for the RWA that must accompany the ICPO, The Refinery Group is streamlining the transaction process and helping to ensure that it moves forward smoothly and efficiently.

Important notes:

1) Pre-Qualification Questionnaire needs to be filled by the Buyer. Buyer’s company needs to have corporate mail (no Yahoo, Google, etc), needs to have a structure (Finance Dept., Logistic Dept., Administration Dept., etc).

2) Seller Side commission is Closed. Bader Aldhaen International Trading W.L.L. will need to take place on Buyer Side Commission. No Overprice Allowed.

3) Seller Representative does not work with LOI, SCO, FCO.

4) No JV for tank storage will be accepted.

5) No CPA will be considered.

6) After conducting and having a successful First transaction with our group, we will then Open Doors for the Qualified Buyer – To Fully utilize our 5 Refineries available & also full Refinery procedures & products available.