W.O.L.F!

To save your and our time, if you don't have TSA & TSR from real tank farm don't ask FOB procedures, and if you didn't close deal before with any Refinery don't ask to start with the CIF standard procedures. Plus, please No one send me that TSR after SGS. Really, we are fed up with this sentence. If you aren't professional in this field this is up to you, but we don't have time to waste in explaining or responding to empty words. The real buyers who only have TSR that's available for 12 months means if he doesn't use it now will use later, simply because he is a buyer of a petroleum product. In the end, dealing rules for completing a real deal can be summed up in only two points (take it or leave it Non-negotiable) 1. FOB, the buyer should have TSA & TSR. 

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ABOUT POP: Upfront POP is never what it seems to be. POP is basically Proof of Product. Intermediaries cannot give POP if they have never even seen the goods; and even if one goes to the supplier's country and looks at the goods he/she is going to purchase, there is no guarantee that the goods he/she has seen, will not be sold to someone else tomorrow. A Proof of Product (POP) is often requested by buyers or intermediaries who believe it will give them some guarantee of the existence of the product and ability of the supplier to deliver. Many POPs produced are fake. The POP offers no proof at all, because once a POP has been drafted, it is automatically out of date. The product could have been sold to another buyer and no longer exists. If an end Buyer were dealing with a supplier, anything can be suggested especially in matters of POP.

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REFINERIES can show proof of product through several methods, depending on the type of product and the specific transaction. Here are some common ways: 1. Tank Receipts - These documents confirm that the product is stored in a tank and ready for delivery. 2. SGS Reports - Independent surveyor reports, such as those from SGS, verify the quantity and quality of the product. 3. Dip Test Authorization (DTA) - This allows the buyer to conduct a dip test to verify the product's presence and quality. 4. Bill of Lading - This document is issued by the carrier and confirms that the product has been loaded onto a vessel for shipment. 5. Commercial Invoice - This includes details about the product, such as quantity, price, and terms of sale. 6. Product Quality Passport - This document provides information about the product's quality and specifications. 

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These documents help ensure transparency and trust between the buyer and the seller. Hence, WOLF's Modus Operandi is and has always been very simple: Prove the product, send an invoice, we will close it! Very simple.