FAQ

Frequently Asked Questions for New Clients

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FAQ

Please review the products listing and available quantities provided on this page.
Much of the time it takes to close a petroleum purchase depends on the capabilities and expediency of the buyer. We only work with RWA Buyers, so things generally flow very smoothly and expediently. We invite you to review our standard expected deal-flow schedule here. However, if a buyer engages for a sale and, for example, doesn’t have a standing storage/logistics relationship or cannot provide a TSR as proof there is somewhere for the product to be stored after purchase, this slows down and/or kills the transaction.
No, the procedures are established by the refinery to ensure allotments are sold to qualified, RWA buyers. Our procedures are simple, honest and ISO9001 (2008) compliant and positioned to protect both the Buyer and the Seller.
Petroleum prices in general are not fixed and fluctuate with the daily market movement. Upon receipt, review and approval of your LOI outlining your needs (along with your CP), we will present an FCO with current, non-negotiable pricing.
Commissions vary from product to product, and will always be fully disclosed on the FCO presented for review after receipt, review and approval of your LOI and CP. The Sell-Side will always be closed, and the Buy-Side will always be open to compensate your mandate and/or representatives & intermediaries. How you divide up the Buy-Side commissions is entirely up to you and your receiving Paymaster.
No, DLC payments are not accepted. Only SBLC or BG via SWIFT MT760 is accepted for CIF transaction payments. For FOB transaction payments, only payment via SWIFT MT103 is accepted.
Please review the information provided on this page.
Please review the information provided on this page.
No, FOB transactions through our partner refinery are available only in Rotterdam and any port within the Russian Federation. We do offer simple and straightforward CIF procedures that may serve your ongoing supply needs quite nicely. Click Here to review our CIF Procedures.
Absolutely. Once our NCND / Working Agreement has been executed by the end buyer, we are happy to provide any information requested. You can review (and execute) that document here.
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