MII Oil Holding Inc.

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​W A R N I N G - W A R N I N G - W A R N I N G - W A R N I N G
 
Ladies and Gentleman,

The MII hereby ordered all MII representatives to reject categorically from companies, brokers, intermediaries, its related entities subsidiary companies, and associates parties so-called fake and counterfeit ICC 400/500/500 (International Chamber of Commerce) Non-Circumvention Non-Disclosure Working Agreement.

We point out that each party who’s bringing in circulation a fake and counterfeit ICC 400/500/500 (International Chamber of Commerce) Non-Circumvention Non-Disclosure Working Agreement commits not only a criminal offense but in addition also a commercial fraud that is punished by the law with prison.

This so-called ICC 400/500/500 (International Chamber of Commerce) Non-Circumvention Non-Disclosure Working Agreement document has been known to us for a number of years and is now popping up all over the Internet and is easily copied and pasted on other websites/documents. This document makes some interesting (but untrue) statements about the ICC such as it is a "regulatory body for the world's great Money Centre Banks" and the US Federal Reserve is a member of the ICC. Needless to say, the ICC has nothing to do with inaccurate references to non-existent ICC instruments like:

"ICC Non-Circumvention & Non-Disclosure Agreement" (NCND)

"ICC Regulations 400, 500, and 600"

"ICC Prove and Move Rules"

"Trust and Bank Debentures"

The ICC Secretariat and various ICC National Committees regularly receive inquiries concerning non-existent spurious agreements and rules referred to variously as > or simply >.

Neither > nor > have ever been produced by the ICC.

This misleading reference is apparently encountered in the trading of currency, commodities, gold, and/or financial instruments; it would appear that intermediaries or middlemen request them so as to keep purchasers from trying to find the ultimate suppliers. According to experts in the ICC Commission on International Commercial Practice, such circumvention would in most cases run contrary to the universal legal requirement to act in good faith, so that in any event such documents would often be superfluous or of negligible legal value.

Although we have received direct proof of regular fraudulent use of these documents, which come in a variety of forms, they may in some cases be used to lend an air of credibility to otherwise illegitimate transactions. It is also likely that in some cases legitimate traders innocently make erroneous references to the non-existent rules, having copied such references from correspondence they have received.

For the time being, ICC members or National Committees which receive inquiries should inform the requesting party that no such ICC documents exist, and the party should be asked about the origin of its interest in the documents and if possible, to forward examples to the ICC.

A general warning has been given by the ICC on the website www.icc-wbo.org. If any further information is required the ICC is only too willing to help and can be contacted at:  

-ICC Commercial Crime Services, Maritime House,

1 Linton Road, Barking, Essex IG11 8HG, Tel. 0208 591 3000, Fax 0208 594 2833.

Each company, broker, intermediary, its related entities subsidiary companies, and associates should ignore this warning and will deliver to the MII Holdings representative or other connected to the MII Holding such fake and counterfeit ICC 400/500/500 (International Chamber of Commerce) Non-Circumvention Non-Disclosure Working Agreement will be nominated without further notification to the ICC Commercial Crime Bureau.

Each company, broker, intermediary, its related entities subsidiary companies, and associates should ignore this warning, the MII Holding shall withdraw its offer of settlement (s) and shall take such action(s) as are deemed appropriate to recover any and all damages incurred by this company, broker, intermediary, its related entities subsidiary companies for having issued to the MII Holding such a fake and counterfeit ICC 400/500/500 (International Chamber of Commerce) Non-Circumvention Non-Disclosure Working Agreement.

The MII Holding expressly reserves further the right to seek punitive and exemplary damages in addition to actual damages resulting from the distribution of such a fake and counterfeit ICC 400/500/500 (International Chamber of Commerce) Non-Circumvention Non-Disclosure Working Agreement.

Regards,
Legal Department
MII Holding Groupe