26th  September, 2016



This is a very important message to anyone involved in the commodities industry on the new measures with respect to Buyer`s / Seller’s, Re-sellers, Brokers & Intermediaries for the sales and purchase agreements.


From now on, if an ICPO, LOI, RWA, or BCL is issued and the document is not real, true and /or actually verifiably factual, the Seller/Seller Mandate will be able to inform the FBI, ICC, and INTERPOL.


In addition, after an FCO/SPA is sent to the Buyer, there should be a formal answer to Seller from Buyer in a timely manner in accordance with the agreement between the parties.


If there is no response from the Buyer in a timely manner or defaults the agreement for not been able to proceed further, the buying company will be reported to the FBI, ICC and INTERPOL. And If this same actions are repeated by the Seller for not further the procurement after Buyer met all obligations, the Buyer too will also reported for abuse of the SPA, NCND, LOI, ICPO, AND RWA OR BCL,. FOR THIS IS NOW A FEDERAL OFFENSE.


It is important to transmit this to all clients that work with us and request that are members of the ICC, FBI, and other international organizations. From this point onward, the international codes will be strictly enforced to exclude all intruders that send or transmit false information.


Those who submit a false SPA, NCND/IMFPA, LOI, ICPO, RWA or BCL, or FCO, as well as FALSE PROOF OF PRODUCT (POP) or tank storage information, FALSE PROOF OF FUNDS (POF) WILL BE CHARGED WITH A CRIME AND ENFORCED .

This offense went into effect on November 15, 2010 after a meeting was held between the Federal Reserve, European Central Bank, Interpol, Federal Bureau of Investigation and Central Intelligence Agency.


In default cases Buyer pays a penalty from a Min $3,000,000.00 (Three Million US Dollar) in the event of Buyers fails to provide the logistic after receive the document agree in the PPOP. The reason for this measure is to protect the both parties from fraud, especially in the oil industry which is a fundamental part of the world’s economy. I have read and understood the severity of the warning above and do realize the serious impact that pertains to both sides obligation in completion of each procurement and transactions.