Oil and gas trading for qualified buyers and sellers

We act between the two sides of a petroleum trade. Buyers reach supply they can rely on; sellers reach buyers who can perform.

Our role in a trade

Connecting buyers to verified sellers

We identify supply that fits the buyer's requirement, carry out preliminary verification and introduce the parties once both have been checked.

Market access

Relationships with suppliers, logistics partners and other market participants let us find product and routes a single buyer may not reach alone.

Transaction coordination

We carry communication between the sides, support the negotiation and see that each party has what it needs to move to the next step.

Incoterms in petroleum trades

Every offer names an Incoterm. It fixes where the seller's responsibility ends, who books the vessel and who insures the cargo.

TermSeller deliversCarriage arranged byCargo insuranceRisk passes to buyer
FOBFree On BoardOn board the vessel at the loading portBuyerAt the buyer's choiceOnce the cargo is on board at the loading port
CFRCost and FreightOn board the vessel at the loading portSeller, to the named destination portAt the buyer's choiceOnce the cargo is on board at the loading port
CIFCost, Insurance and FreightOn board the vessel at the loading portSeller, to the named destination portSeller, with minimum coverOnce the cargo is on board at the loading port
DAPDelivered at PlaceAt the named destination, ready for unloadingSellerSeller bears the risk in transitOn arrival at the named place

A summary of the Incoterms® 2020 rules published by the International Chamber of Commerce. The contract and the ICC text govern.

Requirements and documentation

A trade moves at the speed of its paperwork. Having these ready shortens every later step.

What to send with an enquiry

  • Company name and registration details
  • Product and the specification it must meet
  • Quantity, and whether one cargo or a term supply
  • Destination port and preferred Incoterm
  • Delivery window
  • How you intend to pay, for example by documentary letter of credit

Documents that usually travel with a cargo

  • Commercial invoice
  • Bill of lading
  • Certificate of quality
  • Certificate of quantity
  • Certificate of origin
  • Cargo manifest and tank ullage report

The exact set is fixed in the sales contract.

Ready to discuss a cargo?

Send your requirement and we will tell you whether we can source it and on what terms.