Procedures for all Petroleum Purchases:                            

IMPORTANT: New Buyers and Sellers must make an introduction call  to company to discuss availability and procedures to start. We must be able to speak directly to buyer/seller or their mandate verified by paperwork. Depending on the transaction, specific procedures will be provided, discussed  and agreed upon prior to moving forward with written requests or offers.
US purchasers/suppliers may also request additional information required by The Patriot Act of 2001, (KYC) Know Your Client Rules and Disclosures. 

BUYERS: Buyers will be required to provide proof of funds to the seller from a top 50 bank by RWA , BCL or other form agreed to by the parties. Unless otherwise agreed to, Proof of product (POP) is not provided until the financial capacity of the buyer to complete the transaction is established.

SELLERS: Sellers of fuel are defined as the title owners of the product or a refinery. If you do not own product as reflected on the title ownership documents, you are not the seller. Verification of proof of product in any transaction will be required from the seller before any payment instrument, conditional or otherwise, is established.

NEGOTIATONS: Our Buyers and End Sellers are among the most respected and reliable entities internationally and will absolutely not negotiate with groups that cannot prove their authenticity and/or capacity to close the transaction. 

CONFIDENTIALLITY: Prequalified buyers/sellers or their true mandates must be available to communicate with each other directly. Discussions and documents, including banking and company info are considered very confidential and will never be sent through broker chains. 

FEE PROTECTIONS:  Unless otherwise specified, the sell side of the commission structure in all fuel transactions is closed and Harvester Energy will be included in the buy side commission. It will be mandatory for all brokers, facilitators, and introducers excluded from the buyer and seller mandates to be placed into one group. Master Fee Protection agreements are issued and negotiated at the draft contract  stage of a transaction.