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Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 175. (Read 227157 times)

legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Nothing really to 'come at you' with, other than to remind you that IPL confirms a deal with Rivaa, for the usual payment terms, but that GES supplied Rivaa under the terms of the URO agreement.

That is the significance of the time delay between the January-dated contracted only now being able to be process because of the archaic banking process, whereas the GES deal with Rivaa was able to be transacted in days because of URO.
hero member
Activity: 910
Merit: 503
OK HERE IS MY BOMBSHELL TO SHUT THIS SCAM UP INDEFINATELY:

Here are the terms from India Potash Limited for dealing with them on buying UREA:

Cool   Shipment Terms :    As per Annexure III.

9)   Payment:

a)   Without  prejudice to Buyer's right to recover  the  damages  under terms of the Contract, payment less agency commission, if any, shall be made through an irrevocable, non  transfer¬able  divisible commercial letter of credit. The  letter  of credit shall be established for the full value of the shipment  in favour of the Sellers on nomination and  acceptance of vessel on receipt of P.G. Bond and shall be payable for 100% of the invoice value against presentation of the following documents:


1)   Two of  the three original negotiable copies of  the  clean   ‘Bill of Lading’ in long form and three non-negotiable  copies thereof showing “ TO ORDER/ MINISTRY OF CHEMICALS & FERTILIZERS” as consignee. Charter  party  Bills  of  Lading   acceptable provided  it  bears an endorsement that all  the  terms  and      conditions of the relevant Charter Party are deemed to  have been incorporated therein.  

2)    Three original and three copies of beneficiary's signed ‘COMMERCIAL INVOICE’ for 100% Shipment Value.  The Commercial Invoice must also specify  Contract No. & date, Origin of goods, Port of Loading, Bill of Lading No(s), Date of Sailing of Vessel.

3)   One original and two copies of ‘Certificate of Origin’ duly issued either by the Local Chamber of Commerce or by Ministry of Trade/Industry/Commerce of the country of Origin of goods. Certificate of Origin issued by Manufacturer/ Supplier/Shipper/ Inspection Agency /Chamber of Commerce of third Country or any one else are not acceptable.

4)   One Original + Two copies of ‘Certificate of Inspection’ issued by the Buyer’s inspecting  
      agency showing results of analysis, method of analysis adopted and weight of the cargo  
     shipped. The Certificate must certify that the goods conform to the contractual quality
     specifications.

5)  One Original + Two copies of ‘Certificate of Quality’ issued by the Buyer’s inspecting    
      agency showing results of analysis and method of analysis adopted. The Certificate must  
     certify that the goods conform to the contractual quality specifications.

6)  One Original + Two copies of ‘Certificate of Weight’ issued by the Buyer’s inspecting
     agency showing weight of the cargo shipped.

7)  One Original + Two copies of  Certificate from the seller, showing results of analysis, method  
    of analysis, weight of the cargo shipped and certifying that the cargo conforms to the    
     contractual quality specifications.   This certificate should be countersigned by the Buyer’s
    inspecting agency.

Cool One Original + Two copies of  Certificate  from the seller confirming  that the material
    supplied  are correct as to quantity, rate,  total  value and  the payment is due in accordance
   with the terms of  the contract at the time of presentation.

9) Copy of the ‘Shipping Advice’  sent by the  Sellers to Buyers, through Fax / E-mail within 48
    hours of the sailing of the vessel giving details of shipment. the name of  vessel,  Bill of
    Lading  No’s & date, Date  of  sailing, quantity  shipped, Contract No & date, L/c No & date.

10)Certificate  from the seller to  the  effect  that the following documents have been dispatched
     by the seller to the buyer through an reputed courier or registered airmail within seven days
    of sailing of the vessel, along with Original Postal/Courier Receipt of such dispatch :

-   Two of  the three original negotiable copies of  the  clean  ‘Bill of Lading (s)’ in long form for full shipment quantity.
-   Two copies of beneficiary's signed ‘COMMERCIAL INVOICE’ for 100% Shipment Value.
-   Two copies of Certificate of Origin.

11) One Original + Two copies of ‘Stowage Plan’.  Stowage Plan must be signed in ink by the
      Master of the vessel and must bear his seal. In case Stowage Plan is issued by Vessels
      Load Port Agents, original Letter of Authority issued by the Master of the vessel authorizing
      the issuance/signing of   Stowage Plan by the Vessels Load Port Agents  must be attached
     to such Stowage Plan.

12)One Original + two copies of Load Port ‘Draft Survey Report’, jointly signed by shippers agent, Vessel master/Agent and Buyer’s inspecting agency.


13) Original NOR (Notice of readiness) tendered at discharge port  and received  by IPL
or  its  nominated  agency (applicable in case of CNF Contracts with non-traditional suppliers only).

The L/C shall be established only after receipt  of  PG Bond  in  the approved proforma, proof  of  stock, nomination  and acceptance  of  vessel.  The charges  for establishing letter  of  credit and bank charges in the  country of Buyers  shall  be  to the Buyer's  account.   All  bank charges in the sellers country shall be to the  account of sellers.  The letter of credit extension and  amend¬ment  charges will be to the account of the  party responsible for occasioning the extension/amendment.
 10.   Proof of stock:

Non-traditional Suppliers will be required to submit proof of stock attested by  the Chamber of Commerce or Prime bank  of  the  Country concerned  through State Bank of India, New Delhi  alongwith PG Bond at prescribed rates.



PROVIDE THOSE DOCUMENTS AND I WILL SHUT UP
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legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Well, I have to say I stand corrected on my concerns about this project and I am pleased to say so.

I spent the last 48 hours doing some pretty solid research into URO and, while I might still have some issues with the structure of the companies behind it, I do understand the way in which people like Nilesh work as well as the limitations of the associated online footprint related to the kind of deals done in these situations. I also telephoned Mr Singh in India, the man who brokers the IPL trades and politely asked him to confirm a few things, which he was professional enough to do.

It is important that people remember, in this instance, URO is not a currency, it is a commodity.

We need to accept that it requires a different perspective to understand how a commodity-backed coin works, especially the initial stages of establishing an accepted market price in the trading environment. Once a reasonable market price for the 'coin' is reached, the 'difficult' birth of the project has been achieved and any trade whereby one party accepted 1URO for payment of 1 tonne of UREA and held on to the coins they received, would ensure that they did, indeed, receive the usual market-price for the transaction, even if the the purchaser got themselves a bargain at the time by paying significantly less for their URO coins.

It is a steep hill to climb initially but once the trading parties can see that 1URO is priced at an equivalent market rate for 1 tonne of UREA, then many more participants in the industry will come on board simply to benefit from the fluidity of transacting in URO.

The early adopters benefit by getting some raw materials at a bargain price and the suppliers, as long as the coin price floor is set high enough, soon enough, do not lose out on the deal and, more importantly, are not subjected to the inequities of the third-world banking system that would otherwise massively handicap the completion of these trade deals.
member
Activity: 70
Merit: 10
Urocoin is the Only Alt. Coin to show so much proof and documents backing. From HSBC Banking Documents, International Companies to Indian Government.

On GES https://twitter.com/GESystemsgroup  there is a lot of mention in regards to Pakistan.  
 Pakistan has TCP  http://greenearthsystems.com.au/tcp-urea-welcomes-talks-with-ges-in-pakistan/

which does the same as IPL in India, Import UREA.

The latest news shows GES in Bed with TCP Pakistan

URO is soon to be in Pakistan, Smiley as the importers also face the same banking challenges as we do with Indian banks



[/quote]
sr. member
Activity: 368
Merit: 250
Urea price isn't .2 or .3 it's about .5 btc.
member
Activity: 98
Merit: 10
Lol insert "Caucasian middle-aged businessman sitting in office talking on cellphone" for added legitimacy, let's pick a name, well "John should do it!"

http://www.visualphotos.com/image/2x4694737/caucasian_middle-aged_businessman_sitting_in

By the way, if you plan on deleting this post. I took a screenshot and deleting this will not work in your favor.

Good research! Chances are they just wanted to use a professional photo instead of the lame one like the rest of the pictures on that list.
hero member
Activity: 910
Merit: 503
By putting this with your comment- you are embarrassing your self.

Go read and see what's real.

I will leave it here for every1 to have a laugh.

Thanks

Well hello there "John"

http://www.youtube.com/watch?v=A0y9IoRnVQU
hero member
Activity: 910
Merit: 503
GES is pretty involved in Urea trading
Want some proof?



http://www.exportid.com/search_members.html?search=urea%20fertilizer&country=all&page=10



You might try ordering Urea via online chatting with a sales rep?


http://crusher.conicalcrusher.com/urea-crushing-manufacturing-in-australia.html



Isn't the "John" that is listed as the representative Nilesh Nair's 'other' name. He goes by the alias of 'John Bergson' and 'John Bergerson'.

That advertisement is fake. Anyone can post an advertisement for their company on those advertising forums and indeed anywhere on the net without having to provide accurate information.

Lol insert "Caucasian middle-aged businessman sitting in office talking on cellphone" for added legitimacy, let's pick a name, well "John should do it!"

http://www.visualphotos.com/image/2x4694737/caucasian_middle-aged_businessman_sitting_in

By the way, if you plan on deleting this post. I took a screenshot and deleting this will not work in your favor.
member
Activity: 70
Merit: 10
Cryptsy the largest volume UROCOIN traded today
www.cryptsy.com
URO very real
full member
Activity: 221
Merit: 100
i thought this moderated thread kick all fuders
+1

No kidding.  They don't have a problem deleting my posts with foul language but they let these trolls run amok.

its good to leave some fud to laugh at now, embarrass themselfes Smiley

lol
full member
Activity: 140
Merit: 100
i thought this moderated thread kick all fuders
+1

No kidding.  They don't have a problem deleting my posts with foul language but they let these trolls run amok.

its good to leave some fud to laugh at now, embarrass themselfes Smiley
sr. member
Activity: 400
Merit: 250
That 2000 buy order on bittrex.

Keeps shifting it around from a buy to a sell, he never actually fills.
hero member
Activity: 952
Merit: 500
That 2000 buy order on bittrex.
full member
Activity: 168
Merit: 100
i thought this moderated thread kick all fuders
+1

No kidding.  They don't have a problem deleting my posts with foul language but they let these trolls run amok.
sr. member
Activity: 294
Merit: 250
BEst you can do is- click on the BTC-URO orderbook on the top of the charts
full member
Activity: 154
Merit: 100
UROCOIN in top 3 of exchanges ...moving fast Smiley


Big Boys rushing in to Bittrex
UroCoin   reaches over 300BTC so far
full member
Activity: 154
Merit: 100
Big Boys rushing in to Bittrex
UroCoin   reaches over 300BTC so far
member
Activity: 70
Merit: 10
URO number 1 on exchanges, again.  This time it remains
Uro is confirmed by Indian Government - 100%

speak in Hindi when you do call the Delhi head office - the proof so far,
IPL had a tender ending in Jan2014
IPL 99% deals with Indian owned companies as IPL is Indian Government
Indian UREA buyers use international companies to get UREA into India (GES)
The Code on IPL letter is real and checks out
IPL letter is real - checks out
The IPL members sign. checks out
GES is dealing with Rivaa - checks out 100% confirmed by Rivaa
Rivaa is dealing with IPL for UREA checks out 100%

http://www.indianpotash.org/

URO will hit over $329 as 1 MT UREA in India as stated by IPL is now - $329 USD
newbie
Activity: 8
Merit: 0
Please don't encourage every tom dick and harry to call IPL, most likely it will lead to more harassment and more bribery attempts like in the RIVAA calls.

As far as IPL is concerned they would most likely have little knowledge or involvement in the URO transactions between GES and RIVAA, their focus would be on RIVAA fulfilling the Urea order.
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