Frequently Asked Questions FAQ

The Non-Circumvention, Non-Disclosure Agreement (NCNDA) legally protects all involved parties, establishes transparent pricing, and prevents unauthorized broker markups. We find that parties reluctant to sign an NCNDA are typically unfunded intermediaries fishing for documents to resell. We do not proceed without it.

No. While agents facilitate the introduction, the Letter of Intent (LOI) and Irrevocable Corporate Purchase Order (ICPO) must be signed directly by the end-buyer who holds the financial capacity to execute the transaction. Agents pretending to be buyers will be immediately disqualified.

The ICPO will be automatically rejected. The ICPO must strictly mirror the standard operating procedures agreed upon in the Soft Corporate Offer (SCO) and NCNDA.

No. Primary refineries operate on strict, non-negotiable protocols. Any attempt to alter the refinery's established procedure will result in the immediate termination of the transaction. The refinery will simply ignore the request and move on to compliant buyers.

Absolutely not. Requesting an SGS report or product documents prior to demonstrating financial capability or paying for a tank farm is a known red flag for unfunded buyers. Proof of Funds (POF) and verifiable logistics must be established first.

No. Legitimate buyers are required to secure and pay for their own tank storage as a standard logistical requirement of the transaction. We do not engage with parties attempting to bypass logistical costs just to acquire documents for reselling.

OVP strictly prohibits this practice. We do not provide proprietary documents for unfunded parties to shop around the secondary market. This is why verifiable corporate documentation and bank-to-bank financial capability are verified early in our engagement process.

To separate real, capitalized institutional buyers from time-wasters. Due to a high volume of fraudulent inquiries—particularly from unverified entities- we require a Bank Comfort Letter (BCL) or POF from a top-tier global bank early on to confirm readiness.

Transactions typically fail for three reasons: greed from chained intermediaries attempting to insert hidden markups, buyers attempting to alter non-negotiable refinery procedures, and a lack of verified capital from parties pretending to be end-buyers.

We strictly prohibit daisy-chain broker structures. Long chains of intermediaries create ambiguity, inflate pricing, and delay execution. We require direct access to the buyer or their legally appointed, direct representative.

Novice intermediaries often focus on their commissions rather than executing the required legal and corporate documentation. While legitimate intermediary fees are fully protected under the NCNDA/IMFPA, we dismiss inquiries that prioritize commission negotiations over fulfilling the core compliance and financial steps.

No. The direct consultation following the SCO is a mandatory step to ensure the buyer or their agent fully understands the refinery procedures. Skipping steps leads to errors and failed transactions.