What does it mean for oil product intermediaries to resell tickets?
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Hello everyone, I am a salesperson at an oil depot company. Today I talked with a trader, and he asked us whether we do ticket reselling. I’m not quite sure what that means – could you please explain? Our company always receives oil from refineries with VAT invoices, and we certainly issue invoices when selling it as well. But often many refining companies tell me not to include invoices, and some buyers also say they don’t need them. What does this mean? What’s the trick behind this? Who are the tickets that are sold usually?
The last edit to this post was made by ylb913 on 2015-8-22 at 16:16. \"Reverse invoicing\" means that you use your connections or privileges to issue orders for a certain amount of oil at a lower price (i.e., oil invoices), but you don’t actually pick up the oil; instead, you pass it on to other purchasers at an increased price per ton.
Selling tickets illegally is against the law; be careful. . . .
Those who are able to resell tickets must have some privileges; I’ve never heard of such things happening in my own factory over the years. Especially these days when oil can’t even be sold, though I did hear of similar cases in earlier years. Later on, it was learned that the oil that could be resold was likely oil refined from discarded materials; it was cheap and profitable, so many people were competing to get it.