🛢️ Buyer Vetting & Qualification Process

Protecting Our Sellers and Mandates by Verifying Serious Buyers with Financial, Legal, and Operational Readiness

At OMEGA CRUDE, we are committed to facilitating petroleum trade that is both legitimate and executable. In a sector where time-wasters, imposters, and recycled ICPOs are common, we have implemented a rigorous Buyer Vetting Protocol designed to screen for serious, document-ready buyers only.

We do this to protect our verified sellers, refinery mandates, and allocation holders from unnecessary exposure, and to ensure that every buyer we introduce into a trade flow has both the intent and financial capability to perform.

Below is the exact step-by-step vetting process that every buyer must understand and complete to be onboarded into our trading ecosystem.

✅ Step-by-Step Buyer Vetting Protocol

We begin by identifying the buyer’s structure and level of authority:

✅ Step 1: Buyer Role Identification

We begin by identifying the buyer’s structure and level of authority:

Is the buyer a corporate end-user, government procurement body, or a reseller?
Are you the end buyer, a mandate (with LOA), or a facilitator?
Is there a legal signatory who will sign the SPA?

📌 Red Flag: We are a buying group” or “I’m connected to the buyer but can’t disclose yet.

✅ Step 2: Corporate Due Diligence (KYC Package)

We request the following documentation as part of buyer KYC:

✅ Step 3: Financial Capability Screening

To verify ability to perform, we request:

✅ Step 4: Purchase Intent Documentation (ICPO / LOI)

The buyer must issue a properly structured ICPO or LOI, including:

✅ Step 5: Mandate Verification (If Represented)

If a broker or mandate presents the buyer, we require:

📝 LOA (Letter of Appointment) from the buyer
📄 NCNDA between all intermediaries
🧑‍💼 Contactable signatory at the buying company
🔍 Confirmation that the intermediary is authorized to receive SPA, POP, and price offers

📌 Red Flag: Intermediary refuses to share LOA or tries to bypass vetting process.

✅ Step 6: Buyer Behavior & Communication Check

We assess professionalism by evaluating:

⏱ Response time and clarity in emails
🧑‍💼 Willingness to take live Zoom/phone meetings
📨 Use of corporate email address (not Gmail/Yahoo)
🧾 Willingness to submit forms in editable formats (Word or PDF, not images)

📌 Red Flag: Telegram-only, vague buyer name, no website, no business registration.

✅ Step 7: Compliance Check & Blacklist Screening

We cross-check buyers against:

🧾 Internal blacklist from prior non-performance
🌐 Global sanctions databases (OFAC, EU, UN)
🔐 Seller-side rejection lists (if applicable)

📌 Red Flag: Past SPA default, abusive behavior, or fraudulent documentation history.

✅ Step 8: Final Approval & Seller Introduction

Once buyer is fully verified:

We match the buyer with appropriate product, quantity, and port availability
The buyer receives a soft or full FCO, draft SPA, or formal quote
The buyer is introduced to the seller mandate or titleholder
All parties sign NCNDA/IMFPA and enter a secure transaction phase

🚫 Buyer Disqualification Triggers (Red Flags)

🔒 Why Buyer Vetting Matters

In petroleum trading, due diligence is your first line of defense. By following this buyer vetting process, we protect our sellers and partners, ensure that our offers are only extended to credible parties, and reduce exposure to bad actors who disrupt legitimate commerce.

Our buyer vetting process is non-negotiable and ensures that every transaction is grounded in financial legitimacy, procedural readiness, and mutual trust.

Innovation

Fresh, creative solutions.

Integrity

Honesty and transparency.

Excellence

Top-notch services.

Omega Crude
📞 Phone: [+1-XXX-XXX-XXXX]
🌐 Web: https://omegacrude.com/home
📍 LinkedIn: www.linkedin.com/company/omega-crude
🛢️ D-U-N-S No. / Company Reg. / VAT:

🛢️ Buyer Vetting & Qualification Process

Protecting Our Sellers and Mandates by Verifying Serious Buyers with Financial, Legal, and Operational Readiness

✅ Step-by-Step Buyer Vetting Protocol

We begin by identifying the buyer’s structure and level of authority:

✅ Step 1: Buyer Role Identification

We begin by identifying the buyer’s structure and level of authority:

✅ Step 2: Corporate Due Diligence (KYC Package)

✅ Step 3: Financial Capability Screening

✅ Step 4: Purchase Intent Documentation (ICPO / LOI)

✅ Step 5: Mandate Verification (If Represented)

📌 Red Flag: Intermediary refuses to share LOA or tries to bypass vetting process.

✅ Step 6: Buyer Behavior & Communication Check

📌 Red Flag: Telegram-only, vague buyer name, no website, no business registration.

✅ Step 7: Compliance Check & Blacklist Screening

📌 Red Flag: Past SPA default, abusive behavior, or fraudulent documentation history.

✅ Step 8: Final Approval & Seller Introduction

🚫 Buyer Disqualification Triggers (Red Flags)

🔒 Why Buyer Vetting Matters

FOLLOW US

COMPANY

CUSTOMER CARE

FL Office:

731 Duval Station RD,

Suite 107-151,

Jacksonville, Florida 32218

NY Office:

8225 Fifth Avenue,

Suite 221

Brooklyn, NY 11209

LEGAL