TIPS TO WATCH OUT FOR AS A BROKER, INTERMEDIARY OR FACILITATOR IN A PHYSICAL COMMODITIES TRANSACTION.

 A Few Tips For Brokers & Agents Below                         

We welcome the opportunity to work with anyone that is prepared to carry out the correct due-diligence needed to qualify a buyer and/or seller.

We know how hard it is to be successful in a campaign against Time wasting and Fraudster Commodity Sellers, of which the internet is full. We have created our service company to fight such dangerous people because too many brokers, with families and children to feed, waste months and months (some even years!!!) chasing just such Fake sellers and never understand the risk of being an accessory to a fraud.

Please, think how many Commodities offers with pricing on a CIF ASWP basis you followed (that means: CIF to ANY Safe World Ports). This is merely a ridiculous condition, as it doesn't exist in the REAL COMMODITY MARKET !!! Think about it this way: how can the shipping cost be the same if the final port is Australia instead Africa? The shipping service is not free; it's one of the MOST important expense items in selling commodities...

Fake offers are issued from IMPROVISED COMPANIES selling Commodities with such fictitious conditions just for the purpose of obtaining Buyers pre-advice L/Cs easily and faster. Why is it that after opening pre-advice L/C by the Buyer, the Seller's Performance Bond never arrives? Answer: because the smart Seller already got his goal, obtaining a loan of 10-15% from the L/C’s beneficiary bank! And for that matter, the FBI and police agencies worldwide have people assigned to combat those Commodities millionaire frauds, constantly checking the web and thousand of email addresses. 

Another example: why do sellers over the Internet never send their past records? Why do they always declare: after Buyer's LOI or ICPO and Banking soft probe, all the documents will be available (but the docs never arrive ….!!!). Why do they ask for Transferable L/C ? Think about it carefully, please. We strongly suggest: never open a Pre-Advice Transferable L/C to anyone!!! Never ever!! That’s the most important useful tip we can give you. 

Furthermore: never accept and sign contract providing POP (Proof of Product) showed only on a Bank to Bank basis!!! That is another NON-EXISTENT selling condition invented by improvised Sellers/Traders to get in advance Buyer’s L/C without showing the Proof of Product existence (because they have nothing to show!!). If you are lucky, they will only shop around with Buyer’s Pre-Advice looking for the product. If not, they will fraud people around the world with Buyer’s Pre-Advice Letters of Credit. Remember: the POP must be issued BEFORE the Buyer’s financial instruments and never be issued from the Seller as anyone can write a POP declaration on fake letterhead (!!!). The POP shall be issued from independent companies, such as SGS, after they have checked and “sealed” the products in the factory (!!). 

Always ask for past Bill of Lading (B/L) and, if the Seller is a fake one, they will reply: we cannot as those documents are confidential. Another lie! The B/L is a public document!!!! The truth is: they never sold 1Kg of product in their life! All serious and genuine Sellers can send you all the information you need immediately, before starting negotiations (customer list included !!!). Don’t waste time chasing such Internet unknown Commodity Suppliers, only to run the risk of being implicated in a millionaire fraud and losing “every time” your hard-earned commission!

This information was provided by the experiences of one of my partners after 5 years dealing with every situation imaginable. However he has closed deals and is getting ready to retire from this crazy world.

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