Most Oil Sellers and Brokers Fail – Crude Oil Selling Procedures That Sell in Today’s Internet Era
Most Oil Sellers and Brokers Fail – Crude Oil Selling Procedures That Sell in Today’s Internet Era
Most Crude Oil And Petroleum Product Sellers, Brokers and Agents, in the International "Secondary" Oil Market, Do Not Make Any Sales Or Income. Do You Ever Wonder Why? A MAJOR "HIDDEN SECRET" OF OIL SELLERS & BROKERS: MOST DO NOT MAKE ANY SALES or INCOME Crude oil and petroleum products sellers, along with their brokers and agents who operate in the so-called "secondary market" of the world oil market today typically do not talk about thisor even want to speak about it. Or prefer the fact of it to be made known. In deed, many of them would prefer it be kept obscured, or simply misrepresented. However, the reality is that a distinctive aspect the business "reality" is this: as a whole they seldom close deals nor make any sales for the oil product they purport to offer, and, in fact the majority of them can go on for months, or even for years, or perhaps for all time, never having even a single sales contract or contract. This could be described as "the open secret" of the oil industry! For more detail please visit:- https://ilinks.asia/ https://thietbispachinhhang.com https://toyotahoaiduc.com.vn/ https://senxanhevent.vn/ https://daydaihoanglong.com/ https://muathuocchuyenkhoa.vn/ https://webmuasam.com.vn/ C. Keila Nakasaka, a California lawyer and real estate 부동산 investor and entrepreneur, who carried out extensive market research and examinations into D2 diesel oil trade D2 diesel oil trade to see if he could be prudent in recommending taking on the role of a commission broker to his clients. He ended up deeply disappointed and depressed. According to him the "stories that these brokers concoct are that the seller has some direct connection with a refinery. Some even claim that the seller is, in fact, one of the leading energy companies in Russia... [but] what bothered me [the most] is that almost every one of these brokers failed to be forthcoming. They often misrepresented themselves as mandates, direct representatives, and even buyer and sellers." Most likely the most sensitive issue that most such sellers and intermediaries (the facilitators, agents, mandates, brokers, etc.).) aren't "forthcoming" and "misrepresenting" about, is concerning the quantity and size of sales transactions they've ever concluded, if ever or the amount they earned from the sale, if they have earned any. Simply put, almost all of these operatives generally close no deals, and earn little or nothing. Most of them go for months or even decades - or for ever - without successfully closing any sales agreements, nor say earning a cent from commission income! As Nakasaka put it, describing the results of his research: "Another factor which I thought was odd was that most of the brokers I spoke with never closed a D2 deal despite their months and sometimes years in this business. There was one broker who claimed that he had pending deals, and two who stated that they did in fact close these deals. However, I did not find them credible." MAJOR REASONS FOR THIS, WHICH ACCOUNT FOR WHY MOST "SECONDARY MARKET" SELLERS & THEIR INTERMEDIARIES NEVER CLOSE ANY DEALS Why is it that they make no sales or income? A variety of factors can explain it. It is possible to sum them in the following manner: 1. MOST SELLERS (and their intermediaries) are fake in every AWAY, WITHOUT TRUE OR OIL PRODUCTS TO SELL The fact that is now established and not at all disputable from credible experts in this industry is that the majority of sales offered by crude oil and petroleum products "sellers" in the so-called "secondary" oil markets, and their brokers, agents, and other intermediaries, are fake and false. In deed, some objective studies and research have placed the amount at a massive number of 99.999999 percent of sales offered. Perhaps the only thing of much redeeming value that could be said about this is that in particular to those acting as foreign brokers and intermediaries in the industry, some are often operating fraudulently but innocently and unwittingly, wrongly believing that the transaction or sale is legitimate and legitimate, when they are not. 2.LACK OF PROPER TRAINING, SKILLS OR KNOWLEDGE IN THE FUNDAMENTALS OF THE BUSINESS In a nutshell, nowhere is the saying that "we live in a wide interconnected world" more applicable now than in the current world of global buying and selling of petroleum and crude oil products. For the most part, virtually all that one needs in order to be an "seller" of crude oil or petroleum product or agent for one legal or not, that operate from any country, is simply to have an access to a computer and an Internet connection. That's just about all! Unfortunately, however one of the most negative effects of this so-called "revolution of the Internet" (among many others) has been that many people who claim to be, or operate as "sellers" or the sellers' "brokers" or "agents," are mostly uninformed or semi-illiterate, untrained and unskilled and lack any understanding of the essentials of international trading in oil. Kamal J. Southall, one of the top experts on the subject, and whose book "Trade Fraud, Financial Fraud, and the Joker Broker," is among the most authoritative sources on the subject. He puts it in this manner: "Have thought about that as you've been searching Google or libraries, and looked everywhere, finding bits of information here and there, you've discovered interesting facts: very little actual information about the science and art of dealing with International business as an autonomous trader is accessible in any complete way. Certain practices, documents, and procedures; mysterious acronyms, such as "NCND" and "MPA," are thrown back and forth, badly corrupted model documents and forms may filter your way, but the reality is that most attempted home based traders, brokers - or, more properly, intermediaries - learn through highly expensive 'trial and error ,'... often re-inventing the wheel each time, in that ever-elusive search for a deal and knowledge on how to close that deal." Southall estimates, and citing another expert's estimation, that of the aforementioned one million persons working to become as brokers or trade intermediaries in the world, "perhaps no more than 1% has the training and skill needed to ever close a deal... [meaning that] the overwhelming majority, are trading blindly, [hence] deals are collapsing... and more to the point, [oil dealers are] being defrauded - sometimes massive.." "Mr. R. Ambardar, the broker with over 10 years of vast knowledge of international advisory, market and development, is adamant that "lack of experience and knowledge" one of the primary factors that cause many facilitators and brokers fail to succeed in their oil exploration ventures. "Many people are attracted into this business because of [the tales they hear about the] kind of money one can earn on account of successful deals. Many agents fail, [however], to understand that requirements to succeed in this business are very demanding, [and that] Only those who have years of hands-on experience and thorough knowledge of the industry can strive to do well as middle-men." A lot of brokers, according to Ambardar, don't realize this "To become a 'Facilitator' in oil business ,... what you actually need is right knowledge and expertise [since this is what will help] you hook up genuine buyers and sellers. One should be in the industry for long to have acquired knowledge related to the dynamics of this business." Thus, one way of how this general lack of competence or knowledge about the fundamentals of the oil industry manifests itself is in the inability of the average person among the string of brokers and intermediaries and agents in the business to create successful deals and close sales agreements even after years or months in the business. 3. BYE AND LARGE, MOST BROKERS AND AGENTS LEARN THEIR CRAFT FROM THE INTERNET, AND THIS HAS SOME SERIOUS DRAWBACKS For the average broker or seller's agent, another significant flaw, and negative result that stems directly from the fact that the principal educational and training by that they acquire the fundamentals of the oil trading industry is in fact the Internet. Another time, Kamal J. Southall sums up these negative consequences in this manner: "The skill of recognizing the untrustworthy trade lead tender request from a strong one is typically absent on the Internet, [and] there is no rigorous filtering of the leads you're reading. Everything that is released, is put out there with a range of authenticity, from the questionable, to the fraudulent. Additionally, this is because"the broker network "broker web" is such that information is often passed about with little critical filtering, lack of knowledge of proper trading procedures and the general tendency of information to become corrupted as it trades hands, [and this] leads to dangerous results." 4.LONG STRING OF BROKERS, AGENTS AND MIDDLEMEN, MOST OF WHOM UNDERCUT EACH OTHER. Due to the virtual lack of any formal requirements for being qualified as an agent or middleman within the industry as well as the easy access to it and the ease of entry, these individuals tend to function within a culture with no or no rules or guidelines and with a lack of or no ethics, in which they operate with a "dog eat dog" mentality seem to prevail - a atmosphere where every broker, agent, or mandate, being only selfishly concerned in his personal gains and self-interest, is constantly trying to undercut and circumvent each other in transactions. Thus, often leading to the loss of ALL those involved in an offer. ALL of them as a whole and not only one party or the other are always losing since no deal even exists with anyone else. "[One] reason why it's difficult to ascertain the truth [concerning the oil product market]," said C. Keila Nakasaka, the California lawyer and entrepreneur who studied the sector in 2010 for potential recommendations of the market to his clients "is it is the case that there's many broker involved in any given transaction. They're also all afraid of circumvention. Therefore, it's nearly impossible to identify the ultimate buyer or seller. Although I know the need for teamwork to put a large transaction together. What bothered me is that almost all these brokers were not forthcoming. They often made false claims about themselves as mandates direct representatives, and even buyers and sellers." THE "JOKER BROKER" CHARACTER It's no question that the phenomenon of having a lengthy string of players, including intermediaries, brokers and agents, in a business transaction is an important part of international business. Even more so, especially in our current Internet world in which there is a lot of connectivity worldwide. In the case of oil sales there should be no surprise or even unusual to anyone that such transactions, since they typically require huge amounts of money and intricate logistics, often require collaboration to bring the transactions together. This means that they may include a number of parties - traders, agents and intermediaries, brokers, mandates and distributors, buyers, etc - to conclude the deal. However, what is different here, is not so particularly the fact that in the Internet crude oil dealings you will encounter intermediaries and brokers. More importantly, it's the fact that the majority of these middlemen and brokers or intermediaries who participate in the business usually behave and behave in a degrading manner of what is known as the so-called "Joker Brokers." According to Kamal J. Southall put it, "But the experience of the underground string of international brokers who trade in useless offers and defying each other either left or right exemplifies the concept "Joker Broker" and resembles, often, a Zoo full of monkeys." And adding that "the character, [which is] often scorned as 'the Joker Broker,' is one thing most people encounter very quickly in their forays into the world of trading," Southall, the author of a classic article on the "Joker Broker" character, offers a definition as well as an explanation of the underlying concept behind the "Joker Broker" behavior, as follows: "Defined in the first instance as a bit of a time waster, the joker broker is an individual who knowingly or unknowingly peddles and plies deals and products that, in the vast majority of instances, are non-existent, or badly defined. Characterized by a tendency to bluff his way through transactions, the Joker Broker is one... [who goes about] plying deals often involving a string of brokers from one end of the planet to another, and yet not a single one has verified the very existence of the goods at hand." One significant result of this? With a myriad of brokers and chain of agents commonly involved in a trade, and every party acting selfishly and undercutting and sabotaging each other in a working environment in which each party is untrusting of each other's actions and is afraid of being circumvented by another; the majority of transactions made by "secondary" market sellers and their agents and brokers execute are bound to failing, right in the initial stages. Most of the time, they fail. 5. PERVASIVENESS OF "The Joker Broker" MENTALITY AMONG THE INTERNET BROKERS, AGENTS & OTHER INTERMEDIARES But, it is probably the most important and fundamental element that explains why intermediaries that are part of the "secondary" oil market are generally unable to, and cannot, close any sales deals or make any money or commissions as brokers and agents even after months or years of selling their oil products, can simply be condensed into one broad concept: the immense influence"The Joker Broker "The Joker Broker" mentality has taken over the agents and brokers most of whom today are simply Internet-based brokers and agents. What Is meant by this? Put very simply, many agents and brokers are motivated and limited by the fact that they are generally lacking information or training in the basics of international trading as well as the fact that, in the modern Internet world, their sole "qualification" for assuming the role of a "broker" or "agent" within the oil industry is that they have accessibility to Internet and a computer, generally conduct themselves in the conduct of the oil sales operation in a way that "resembles, often, a Zoo full of monkeys" as per Kamal J. Southall, the creator of a classic on "'the Joker Broker" character. The common characteristic of these brokers and agents who sell whether they know it or not crude oil products and deals that , on the face of they appear to be in many instances seemingly non-existent or questionable as well as poorly understood, and yet act as though all is well with the product they offer and that there's nothing to think about. They are mostly blinded by fear and a false sense in the belief that the buyers "are going to be super rich next week or next month" by doing nothing, other than, just pushing around a handful of copied files on the Internet generally handed down to them by fools, and none of is usually confirmed the real existence of the items they purport to be selling. In addition to the fact that many will, regardless of whether they do it knowingly or not, frequently try to push fake deals across the Internet In general, they act in accordance with a variety of misconceptions and opinions that are not true, usually passed down from people who are joking. Many times, mainly concerned about "making a quick, fast buck," they try innocently and foolishly to close a deal for people they believe or hope to be real, but who is, in fact really not. Sometimes, they're too proud or arrogant to accept that their beliefs and procedures are simply incorrect and they refuse to alter their ways and continue to waste their time and others' time for years and months in attempting to close deals - until, perhaps the moment comes when it will become apparent to them that for so long no deals have been closed or are likely to close or even a penny of revenue has been or could be, made! And, perhaps most importantly probably the most damaging reason for the absence of earnings or revenue for the majority of "Internet" crude oil brokers and agents is that, lacking much experience or real understanding of the real operations of international business or how it operates, they're often completely unrealistic and unpractical regarding the terms and conditions they require and expect buyers may agree to in order to purchase the products they purport to have for sale. They often present sales offers and proposals which are so unpractical, unworkable and outrageously unreal, and are totally contrary to the way that normal and legitimate business has traditionally performed within the actual world. According to one analyst, "Some of them [the "Internet" brokers or joker brokers] are very interesting [in their thoughts of business dealings they giveand also are reminiscent of Nigerian scam artists. It's just not possible to work that way." EXAMPLE OF JOKER BROKER OFFER THAT CAN'T WORK This is a great illustration of Joker Broker's type of deal that oil traders and their agents and brokers, the majority of them operating online today, typically demand of intending buyers. The offer is made as a transaction procedures they require that prospective buyers meet and follow which include: TRANSACTIONS PROCEDURES: 1.) The buyer sends ICPO (Irrevocable Corporate Purchase Order) and bank details2) A seller issues the form FCO (Full Corporate Offer) on his letterhead with complete contact information. 3) Buyer returns the FCO with the FCO stamped and signed. 4) Seller and buyer sign contract. 5) Seller and buyer swap the Proof of Product (POP) and Proof of Funds (POF) in the following sequence/order: 6). In the first instance, Seller sends a POF to the purchaser. Second: Upon verification of the buyer and within 7 days of the bank's closing date the buyer's lender issues a POF to the seller's bank. 7) Buyers bank is able to issue a non-operative Letter of Credit (L/C) to the seller's bank/or Bank Guarantee (at the seller's discretion). 8) Seller issues an 2% performance Bond (PB) in order to allow L/C to be activated. 9) The shipper will begin shipping as per the agreement. TO TODAY'S BUYERS, THIS IS WHAT THESE PROCEDURES ARE SAYING TO THEM In fact these procedures, as well as described above have been deemed to be "standard" and should, in NORMAL and in the right conditions, generally be a dependable or acceptable agreement of the terms or guidelines for a trustworthy buyer to operate with. However, here's what brings an important distinction the fact that there is a crucial and important aspect that is grossly missing here. It's this usually, the solicitation to the prospective buyer to comply with these rules, is done, NOT by or from by a known or established or even easily identifiable individual or entity, or necessarily by an AUTHENTIC basic supplier or seller. But merely by someone who is an Internet "seller." It is typically presented by someone who simply writes (or telephones) and then claims, typically via an Internet connection or communication (a portal web site, email or) and claims to be an insignificant "seller," or the broker or agent of one, who supposedly has some oil available to sell. And it is typically presented by someone who, invariably, would present virtually no concrete evidence or evidence to prove his (or his) legitimateness and qualifications as a genuine seller or an intermediary of one, or a evidence of previously performed in the crude oil business or other related products.

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