PRODUCT · CRUDE OIL
Crude Oil Supply: Allocation for Verified Buyers
Crude is supplied by allocation to refiners and qualified traders, through a staged procedure that protects both sides.
Who we supply
Crude allocations are offered to refiners and established trading companies that can complete full company verification and demonstrate the capacity to perform under contract.
Why allocation works this way
Crude cargoes are large and valuable. A staged procedure, with verification first and documents released in an agreed order, gives the seller confidence in the buyer and the buyer confidence in the product, before money or oil moves.
What we will never do
We do not ask for upfront fees before a contract is signed, and we do not release product without a valid, signed agreement and secured payment terms. Be cautious of any offer that asks you to skip these steps.
At a glance
| Buyers | Refiners and qualified traders |
| Basis | Allocation, by contract |
| Delivery | FOB or CIF |
| First step | Company verification (KYC) |
ALLOCATION PROCEDURE
Six steps from enquiry to loading
01
Enquiry
Send your requirement: grade, volume, delivery basis and destination.
02
Company verification
Provide registration documents, signatory details and compliance information.
03
Offer
Receive a commercial offer with indicative terms and the document procedure.
04
Contract
Agree and sign the sale and purchase agreement.
05
Payment security
Put the agreed payment instrument in place.
06
Allocation & loading
Allocation is confirmed, the cargo is inspected and loaded.
Ready to start verification?
Send your enquiry and our desk will tell you exactly which documents to prepare.