​Documents required to purchase jet a1, crude oil, en-590 10ppm

We are approached by quite a number of potential buyers.

If you have never made a deal to buy petroleum products. We have prepared this article specifically for you based on our experience.

Agent, Trader, Intermediary, Buyer Mandate - A person or company who represents a buyer. Everyone says that their buyers are the most serious. But 90% of the time agents are wrong and they are not communicating with the buyer but with another agent in the chain.

Buyer

The buyer's agent must have the following documents in hand.

1. Company Profile. A company profile that tells what kind of company it is and in what industries it buys.

2. LOI / ICPO. Application form with passport of the director, specification of the product which the buyer wants to buy. And the terms and conditions of purchase, quantities, form of payment.

3. POF. Proof of solvency of the client. If the buyer has no money to buy the product. It is anyone but the buyer, intermediary, agent.

4. TSA/Q88. If a company wants to buy petroleum products, it must have a storage lease or contract with a shipping company.

If you apply to us. Be kind enough to prepare a set of documents according to paragraphs 1-3. And confirm that we will be paid a commission by your company.

Seller.

You want to sell the goods. We respect your time and ours.

1. Company Profile. You need to understand who the seller is, what deals he does, what jurisdiction the company is in, who the director is.

2. SCO. Procedure, price, delivery basis, payment terms.

3. PPOP. We need documents confirming past shipments, possibility of verification of your volume.

We cannot recommend a supplier if we are not sure about him.

If the seller has no documents or is not prepared to show them in person. We will consider them not as a seller but as an intermediary.

Who pays the commission?

In oil products it is very simple. The commission is always paid by the buyer. The commission is split 50/50, half goes to the buyer's agent and half to the seller's agent.

I hope you find our article useful and that you can separate the desire to buy from the opportunity to buy. As a company must have about $300 million to buy 2,000,000 bbl per month.