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Commission for middle in crude oil trading
Post 1 of 3
Desmith
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Overall Ranking MVP:66 Rank:68,985

Dear Sir.

I am connecting a seller of crude oil to a buyer. This is my first time and I will like to know how to go about the business of commissions.

1. Who do I ask for a commission? The buyer or seller or both?

2. Is there any legal document that can protect my interests?

3. The transaction concerns about 2 to 4 barrels of crude oil over a period of 12 months. What percentage of commission should I ask for?

4. Please tell me any other thing I need to know.

Thanks

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30 Aug 2008 03:08
Post 2 of 3
Quoting from [Desmith]:

Dear Sir.

I am connecting a seller of crude oil to a buyer. This is my first time and I will like to know how to go about the business of commissions.

1. Who do I ask for a commission? The buyer or seller or both?

2. Is there any legal document that can protect my interests?

3. The transaction concerns about 2 to 4 barrels of crude oil over a period of 12 months. What percentage of commission should I ask for?

4. Please tell me any other thing I need to know.

Thanks



Hi!

Before you do anything else, get both the Buyers & the Sellers to sign Non-Circumvention Non Disclosure (NCND) Agreement and Master fees Protection agreement (MFA) with you or the Company you Represent. Unless this is done on priorty basis entering into any kind of negotiations or passing of any Soft Offers to either of them will be fraught with 'RISK' and sheer waste of time....

30 Aug 2008 03:26
Post 3 of 3
Desmith
offline
No Company Website yet
Overall Ranking MVP:66 Rank:68,985

Thanks a lot Kaypey. Prior to your answer I would have given the buyer the sellers SPA...

Do you have a sample NCND or MFA that I can go through? If you know any site where I can get those samples it would help me loads!

30 Aug 2008 04:37
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