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Oil Biz any clue??

Discussion in 'BlackHat Lounge' started by blazingprofits, Mar 21, 2012.

  1. blazingprofits

    blazingprofits Registered Member

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    Hi Guys,


    Not sure if this is the best place to post this but I really have no idea where to get help or advise from.


    Generally to keep things short, we are starting an Oil platform company(broker) to retain commissions for Seller intermediaries and Buyer intermediaries without letting both of them seeing each other.


    We, as Oil platform company will sign with Seller to get oil at lower price and sign with Buyer to sell them oil at higher price.


    However, the problem is with the funding for Proof of Fund through Bank-to-bank SWIFT MT760 or MT700 required by Seller as our company is just starting and no real funds yet. The other issue will be with the 2% PB but it is not as big issue as POF.


    Is there any kind souls out there who are experienced or can guide us along?


    We found out that we can rent POF for a certain percentage fee but is there any better solution or is it even possible to get bank to help for portion of commission in return?


    Desperately need advise as Buyer is going to issue ICPO very soon and we don't have funding in place yet. Worst thing is that the Buyer is government supported company and we really don't want to screw this up. Please help, anyone at all with constructive comments, thanks a million!!
     
  2. abhi007

    abhi007 Jr. VIP Jr. VIP

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    I guess this not the forum to talk abt oil business here people come for earning money through IM or dropshipping but your niche is very huge and i highly doubt you will find any partners.
     
  3. blazingprofits

    blazingprofits Registered Member

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    You are right, this is not the best place to talk abt oil biz, but i really have no idea where to go to look for advise. Intention of post is not to find partners.. but alternative solution or seek guidance from any bhw member who is in this field.
     
  4. transam7410

    transam7410 Power Member

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    There are oil biz forum's you can post this info on. Doubt youll get any good oil advice here
     
  5. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    Renting POF in many instances is considered fraud so you really would need to stay out of that arena.

    Sounds to me like you need an investor as you have an idea and a client but no cash... try makmoneygroup.com and other sites along those lines and see if you can work with someone.

    Expect to offer an executive summary and a proforma with at least 5 years to get the funds you need.
     
  6. blazingprofits

    blazingprofits Registered Member

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    Not sure on Renting POF since i happen to google and found that its possible to rent 1, so its only another option i guess.

    I have Seller already and Buyer who have their bank coordinates on their ICPO for verification of fund to purchase the oil. Not really looking for investor(due to quantity and price, it would need POF of 86M, which will take donkey years and no way to do that) but guidance on how oil broker company get pieced up or whats the usual practice they do when getting these type of company up and running.

    Thought of asking bank for help but they will definitely need some sort of collateral and got no clue if any bank would even do it.

    Came here to post out of desperation for advise.:(