Registration Procedure For Petroleum Products Buyers

Extracts from Arseh Aseman Roshan Co `s board of directors resolution regarding registration of petroleum products buyers 

1-  Articles of association as well as company's registration certificates.

2-  Names and particulars of the main shareholders of the company.

3-  Full particulars of applicant and its activities in petroleum products business for last four years (e.g. brochures, catalogues, etc.)

4-  Financial statements (balance sheet and profit and loss statement) for last four years, audited and approved by an internationally reputable auditing firm.

5-  Financial and credit references at least from three prime European banks acceptable to Arseh Aseman Roshan Co and their readiness to open L\C for the applicant in favor of Arseh Aseman Roshan Co *.

6-  References at least from three major and reputable oil companies acceptable to Arseh Aseman Roshan Co, regarding their experiences in oil transactions with the applicant.

FootNote:

* In case of special circumstances such as current banking limitation, Arseh Aseman Roshan Co disregards above item (5) and accepts to cooperate with the advance (Down) payment and/or reputable & acceptable bank garanttee