Is the completion of the purchase of oil by direct payment or after loading?
Machine translationRead the Arabic original
The questioner : Peace, mercy, and blessings of Allah be upon you.
The Shaykh : And upon you be peace, and the mercy of Allah and His blessings and His forgiveness.
The questioner : How are you, my Shaykh?
The Shaykh : Praise be to Allah, I am well.
The questioner : I hope you are well.
The Shaykh : May Allah make you well.
The questioner : With you is Ismail from Abu Dhabi.
The Shaykh : From Abu Dhabi?
The questioner: Yes.
The Shaykh : Welcome.
The questioner : I asked our brother Hussein al-Awaishah regarding the matter of working in an oil company. I did not know; I was saying that the best is to pay cash?
The Shaykh : What?
The questioner : I said, the best is to pay cash for the oil in its container, meaning?
The Shaykh : Yes, yes, and not to delay so that they do not take the tax or the fine.
The questioner : But the problem, O our Shaykh, is that the ships that load are not the owners of the goods; they are merely a cargo transport company that transports the goods to the customer.
The Shaykh : What does this have to do with the matter?
The questioner : I mean, the intention is cash payment, which is very difficult because every shipment contains millions of dollars; it becomes difficult for the customer to carry the amounts in cash...
The Shaykh : The matter, my brother, that Hussein mentioned is that if he delays beyond the set period, they impose a fine on him. So the answer was that he should not delay, and that he should pay in cash or within the specified period. So what do the ships have to do with the matter?
The questioner : Well, O our Shaykh, my intention is that we, the sellers currently, the companies take from us, most of them are disbelievers. They try to delay paying the money at the specified time. They have a time period of one month; they pay us its price from the date of loading, meaning the ships go to their countries, and they pay within one month from the date of loading. So in the case of their delay in payment, the company has an agreement, on the basis that for every day of delay, there is a fine of twenty percent.
The Shaykh : From the buyer, my brother?
The questioner : The buyers are the foreign companies, meaning we are the sellers.
The Shaykh : You are the sellers, and who takes the fine?
The Shaykh : And upon you be peace, and the mercy of Allah and His blessings and His forgiveness.
The questioner : How are you, my Shaykh?
The Shaykh : Praise be to Allah, I am well.
The questioner : I hope you are well.
The Shaykh : May Allah make you well.
The questioner : With you is Ismail from Abu Dhabi.
The Shaykh : From Abu Dhabi?
The questioner: Yes.
The Shaykh : Welcome.
The questioner : I asked our brother Hussein al-Awaishah regarding the matter of working in an oil company. I did not know; I was saying that the best is to pay cash?
The Shaykh : What?
The questioner : I said, the best is to pay cash for the oil in its container, meaning?
The Shaykh : Yes, yes, and not to delay so that they do not take the tax or the fine.
The questioner : But the problem, O our Shaykh, is that the ships that load are not the owners of the goods; they are merely a cargo transport company that transports the goods to the customer.
The Shaykh : What does this have to do with the matter?
The questioner : I mean, the intention is cash payment, which is very difficult because every shipment contains millions of dollars; it becomes difficult for the customer to carry the amounts in cash...
The Shaykh : The matter, my brother, that Hussein mentioned is that if he delays beyond the set period, they impose a fine on him. So the answer was that he should not delay, and that he should pay in cash or within the specified period. So what do the ships have to do with the matter?
The questioner : Well, O our Shaykh, my intention is that we, the sellers currently, the companies take from us, most of them are disbelievers. They try to delay paying the money at the specified time. They have a time period of one month; they pay us its price from the date of loading, meaning the ships go to their countries, and they pay within one month from the date of loading. So in the case of their delay in payment, the company has an agreement, on the basis that for every day of delay, there is a fine of twenty percent.
The Shaykh : From the buyer, my brother?
The questioner : The buyers are the foreign companies, meaning we are the sellers.
The Shaykh : You are the sellers, and who takes the fine?
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.