Legal

Terms of
listing and engagement.

These Terms of Listing and Engagement govern the submission, review and handling of commercial opportunities, mandates, buyer requirements, inquiries and related information presented to PrimeQuest Oil and Properties Consultants. They explain the role of PrimeQuest, the responsibilities of submitting parties, and the limits of the platform’s function as a consultancy and opportunity-matching service.

1. Scope and role of PrimeQuest

PrimeQuest acts as a commercial consultancy and opportunity-matching platform focused on connecting legitimate owners, sellers, buyers, investors, charterers, professionals and related parties across vessels, maritime assets, oil and gas, land, property, investment and service-related commercial opportunities. PrimeQuest may assist with opportunity review, classification, communication, due diligence readiness, appointment coordination and introductions. PrimeQuest is not a substitute for independent legal, technical, tax, accounting, title, maritime, property, engineering or financial advice.

2. Authority and accuracy

By submitting information to PrimeQuest, the submitting party confirms that the information provided is accurate to the best of their knowledge, is not knowingly false or misleading, and that the sender is authorized to share the information and act on behalf of the relevant owner, seller, buyer, mandate holder or representing party. Where the submission involves property, vessel, land, energy or an asset opportunity, the party must provide truthful information about ownership, authority, status, approximate value, terms, location and relevant supporting documents.

3. Review, screening and publication

PrimeQuest may review, assess, request additional information, edit, reject, hold, suspend or remove any listing, inquiry, mandate or documentation. Submission does not guarantee approval, publication, introduction, match, client introduction, sale, purchase, lease, charter, funding or completed transaction. PrimeQuest may determine that a submission requires document confirmation, verification, legal review or further clarification before it is considered suitable for publication or introduction.

4. Verification and status labels

PrimeQuest distinguishes between submitted, documents received, under review, verified, qualified and sold or closed. A submission does not automatically become “verified” merely because documents have been uploaded. Verification means that relevant information has been reviewed, checked and assessed to the extent appropriate under the circumstances. PrimeQuest may also classify an opportunity as “potential match” or “subject to verification” where further diligence is required.

5. Independent due diligence

All parties are responsible for conducting their own independent due diligence before entering into any transaction. This includes, where relevant, title checks, survey review, ownership verification, corporate due diligence, technical inspection, regulatory review, sanctions checks, maritime compliance review, bank or payment verification, and review of contracts and legal risk. PrimeQuest does not guarantee title, ownership, availability, permit status, bank details, vessel condition, property condition, legality, marketability or transaction completion.

6. No guarantee of transaction or outcome

PrimeQuest does not guarantee that a listing will be sold, leased, chartered, matched or concluded. PrimeQuest does not guarantee the identity, financial ability, qualification, legal authority or commercial intentions of any party. The platform may facilitate introductions and coordination, but all parties remain responsible for assessing and accepting the risk associated with any business relationship or transaction.

7. Commission and fee policy

In line with the current approved commercial policy, PrimeQuest may charge a seller-side commission of 4% on agreed transactions. Buyers may also be subject to a separate appreciation fee of 1% where the applicable commercial arrangement is agreed and documented. Any commission, fee, payment trigger, payment instructions and protection terms must be clearly stated in the applicable signed agreement. PrimeQuest does not treat any fee arrangement as valid unless it is properly documented and accepted by the relevant parties.

8. Confidentiality

Users must respect confidentiality obligations and must not misuse commercially sensitive information obtained through PrimeQuest. PrimeQuest will strive to protect legitimate confidential commercial information but cannot guarantee confidentiality beyond the reasonable measures taken by the platform and the terms of any applicable agreement. Information should not be shared with third parties unless expressly permitted or required for a legitimate transaction process.

9. Non-circumvention, non-disclosure and agreements

Where a transaction or introduction process requires it, parties may be asked to sign documents such as a non-circumvention and non-disclosure agreement (NCNDA), an International Master Fee Protection Agreement (IMFPA), a mandate agreement, a commission agreement, a sale and purchase agreement, a charter party, a property agreement or other relevant commercial documents. PrimeQuest may coordinate their use but cannot guarantee legal enforceability or final interpretation. The exact legal effect depends on the agreement wording, applicable law and governing jurisdiction.

10. Use of media and documents

Uploaded photographs, videos, floor plans, maps, certificates, vessel documents, property documents or other files may be processed in connection with opportunity review, matching and verification. Users remain responsible for ensuring they have the right to upload and share such material and that the content does not infringe on the rights of any third party. PrimeQuest may request re-submission or additional records where the material is incomplete, unclear or unreliable.

11. Prohibited conduct

Users must not knowingly submit fraudulent, misleading, incomplete, deceptive or illegal information. They must not invent ownership, certificates, legal status, inspection results, guarantees or approvals. They must not attempt to bypass a protected introduction, evade fee obligations, misrepresent a mandate, or encourage unlawful or unethical commercial conduct. PrimeQuest may reject submissions and suspend access where such conduct is suspected.

12. Appointment and communication workflow

PrimeQuest may assist in scheduling intro calls, meetings and appointments between parties. Any meeting arrangement is subject to the relevant participants’ availability, commercial consent and confidentiality expectations. PrimeQuest may send reminders but is not responsible for attendance, no-show outcomes or subsequent negotiation decisions after the meeting.

13. Limitation of liability

PrimeQuest will not be liable for losses, damages, lost opportunities, financial losses or claims arising from a party’s reliance on information submitted, withheld, incorrectly described or not independently verified. PrimeQuest’s role is limited to review, facilitation, coordination and professional communication within the framework of the submitted brief and applicable business process. Except where explicitly agreed in writing, PrimeQuest does not provide a warranty of success, marketability, legal validity or transaction completion.

14. Governing law and final review

These terms are intended to establish a clear operational framework for PrimeQuest submissions and introductions. The precise legal effect of any transaction, commission arrangement or documentation may depend on the governing jurisdiction, applicable law and the final signed agreement between parties. PrimeQuest encourages competent legal review before publication or execution of any binding document.