How to Buy
A clear, structured onboarding process from initial inquiry to product delivery. Every step is transparent and follows international petroleum trading standards.
Submit ICPO & Company Profile
Buyer submits Irrevocable Corporate Purchase Order (ICPO) along with Company Information Sheet (CIS), including banking references, trade history, and intended volume requirements.
Legal & Administrative File Opening Fee
Upon receipt of ICPO and company profile, a legal and administrative fee is required to formally open a buyer file with the refinery. This covers due diligence processing, KYC verification, document authentication, and allocation of a dedicated account manager.
Receive Commercial Invoice (CI)
Upon ICPO review and acceptance, seller issues a detailed Commercial Invoice specifying product specifications, pricing formula (Platts/MOPS/Mt ± discount), delivery terms, and payment conditions.
Sign & Return CI
Buyer reviews the Commercial Invoice, confirms agreement with terms, signs with authorized signatory and company seal, and returns to seller.
Receive POP Documents
Seller provides full Proof of Product package including Tank Storage Receipt (TSR), SGS Inspection Report, Certificate of Origin, and Authorization to Verify (ATV).
Verification & Dip Test
Buyer or buyer's appointed agent verifies POP documents with storage facility and conducts physical dip test to confirm product quantity and quality.
Product Lifting / Shipment
Upon successful verification, product is lifted ex-tank (FOB), loaded onto vessel (TTV), or title transferred (TTO) as per the agreed delivery terms in the CI.
Payment Execution
Payment executed via MT103 wire transfer, irrevocable Letter of Credit, or escrow arrangement within the agreed payment window specified in the Commercial Invoice.