MII Oil Holdings Guidelines
FOR BUYERS TO PURCHASE FUEL OIL AND PETROCHEMICALS
Buyers (end-users) interested in the purchase of fuel oil and petrochemicals from MII Oil Holding are invited to submit to the MII Oil Holding an official inquiry.
The MII Oil Holding points out to all qualified buyers (end-users) that the MII Oil Holding sales department will reply by way of a Sample Irrevocable Corporate Purchase Order (ICPO) and Letter of Disclaimer (LOD) for review and acceptance to buyers
MII Oil Holding requests the completed return of the ICPO on original buyers (end-users) letterhead, the Letter of Disclaimer (LOD) and in addition the required documents listed below:
A. Color copy of company registration;
B. Color copy of Resolution Board of Directors or Articles of Organization;
C. Color copy of Passport or Identity card of the legal representative with signatory power;
D. Tank Storage Agreement (TSA) signed with the tanker owner or confirmation of the port authorities;
Other more detailed forms which may be required completed by buyers ((end-users) for fuel oil and petrochemicals purchase MII Oil Holding provides are the Fuel Oil Sales Department Outlines (FOSDO).
The MII Oil Holding does not offer fuel oil and petrochemicals to agents, brokers, intermediaries or other individuals unless they meet the criteria below listed in item number (7) and provide proper documentation accordingly. All commodities owned and supplied by MII Oil Holding are offered to final buyers (end-users) only.
The MII Oil Holding does not accept Letter of Intent (LOI) which no longer conform to or meet the policies and ethics of MII Holding or to standard international trade rules in addition MII Oil Holding does not accept Irrevocable Corporate Purchase Order (ICPO) with terms and procedures proposed by buyers (end-users), agents, brokers and intermediaries.
Acceptable terms, conditions, procedures and definitions are provided in the MII Oil Holding Sales Department sample ICPO/LOD forms that the MII Oil Holding will issue to buyers (end-users) only.
All inquiries from agents, brokers, intermediary and other individuals who are acting on behalf of a said “buyers (end-users)” are obligated to provide us the following listed documents executed only by the actual and confirmed “buyers (end-users)".
A. Attestation of Mandate Position (notarized by a public notary);
B. Power of Attorney (notarized by a public notary);
All inquiries from agents, brokers, intermediary and other individuals claiming to act on behalf of a confirmed buyers (end-user) without providing the documents listed under point (7 A-B) are automatically rejected. Such persons or companies should not represent themselves to MII Oil Holding as buyers (end-users) unless they can confirm this by accurate documentation.
All agents, brokers, intermediary and other individuals which in a previous inquiry was rejected by the MII, are ignoring the rejection of his inquiry and try to resend a new inquiry to the MII Oil Holding are automatically cease and desist notified and reported with the MII Oil Black list and in addition with ICBLI (International Commercial Black List.
All agents, brokers, intermediary and other individuals sending inquiries ignoring and disrespecting the Guidelines for buyers (end-users) to purchase fuel oil and petrochemicals and offending the policies and ethics of MII Oil Holding as written herein are not only automatically ceased, desist, notified and listed with the MII Oil Holding's Black list but reported for further progress to the proper authorities in the country where the agents, brokers, intermediary and individuals are located.
Your partner in oil business and more