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HOW TO DETECT CROOKS, SCAMMERS AND CARRIERS OF BOGUS DOCUMENTS IN INTERMATIONAL CRUDE OIL SELLING 0 replies,1045 views

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The SearchforSome Tips
In these times, in the business of international buying and selling of crude oil (which is the main transaction of my concern and interest here), the DOMINANT and PRIMARY issues of concern, are simply this: Performance and Security. Being the one who usually has to expend the money, this is more a concern for the Buyer, than for the Seller.
The Buyer's worry is, how would he assure performance from someone in a far away (or even unknown) land who presents himself as having some crude oil to sell, and howdoes heassure security for the huge sums he may have toinvest in the undertaking of such a deal?
Unfortunately, the clear reality today is that the business of international crude saleshas becomeheavily infested with crooks and scammersmost of whom really have absolutely nothing to sell other than peddling some bogus, worthlessdocuments copied from the Internet, and spitting some fictitious fabulous claims. Experts say that these scammersuse many Sellers' Mandates located all of over the world to bring them business. Mandates operating from or for a few particularly notorious countries (such as Russia and Nigeria, for example), are generally considered to be participantsin the scam themselves, but foreign mandates are deemed to be for the most part usually innocent victims who often might think that they are representing a legitimate seller from such countries.

These international crude oil crooks and fraudsters parade themselves mostly in the Internet as "dealers"in crude oil, but are really merely scammy dreamers just out to dupe othershopefully (for them!) in themillions and millions of dollars!
So, let's say you are a concernedinternational buyer of, say, the popular crude oil brand, theNLCO (Nigerian Light Crude Oil) or the BLCO (Bonny Light Crude Oil),how do you assure that you'll get a genuine, hitch-free and scam-free but successful buying experience with the Seller of the crude, or those who claim to be one?
THE KEY? Thekey, simply,is to demand and insist on the purported Seller showingyou AUTHENTIC proof of having genuine BLCO allocationfrom the Nigerian NNPC (or of its availability, otherwise). And secondly, to have a good, fool-proofwayof INDEPENDENTLY VERIFYING the authenticity of at least a few significant pieces of documents from among the tons of documentsthat such sellers and their agents will present you in the course of hawking their products. And, above all,to have the skills and the knowledge and business sophisticationtobe able to detect which ones are genuine and legitimate, and which ones might be plain bogus. As a rule, you must be aware that these people are master forgers and excellent copiers of every conceivable legitimate refinery and government agency documents related tocrude sales or purchase. And so, you SHOULDN'T EVER acceptoutright at face value or be ever fooled by, any document submitted or claims made bythem, however seemingly convincing or real-looking!.
QUESTION: How Do You Verify and Confirm the Authenticity of Documents inNLCO & BLCO Deals?
Topic for discussion in this thread. There are some key documentscrucial in the purchasing of crude oil, whether it beinNLCO or BLCO transactions, or any other deals.They will include, among others,the following documents:
  • Seller's shipping documents, such as:
  • Clean Ocean Bill of Lading
  • Seller's Commercial Invoice
  • Seller's Proof of Product (willcomprise the Licence to Export & the Approval to Export issued by the country's govt, statement of Availability of the Product, Port Storage Agreement, etc)
  • SGS/Sayboat Certificate of Quantity and Quality issued at the loading port
  • Certificate of Origin issued by the NNPC
  • Certificate ofAuthenticity issued by the NNPC
  • Charter Party Agreement on the vessel, issued to the charterer of the vessel and presumably showing that the vesselis actually chartered in the named Seller's name
  • Q88 questionnaire filled out by the managers of the vessel providing the relevant information and specs of the vessel
How does arefinery or buyer properly and satisfactorilyVERIFY andCONFIRM thatsuch documents, when presentedto him by a nominal Seller, are real, validand authentic to warranthis takingthe Seller seriously?
Please inform us, and Then Be Informed!
NOTE: Please respond elaborately. Give us the benefit of your knowledge and experience. Also, don't be afraid toshare stories of your own personalscamexperiences! Remember that scammers use the same scheme over and over in this business (and others)ONLY because their victims do not speak out

Your story and information will help to expose and **** out the notorious scammers and fraudsters from engaging in the business. It is not just about the money that you are saved from having to lose. It is about detecting these scams soon enough toprevent even YOU yourself, as well as others, from wasting your precious time.in pursuing prospectswho present themselvesin the course of yourdoing the business
Thank you for reading; and for contributing.
Yours,
Honesty First
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