Step 1
Buyer Issues ICPO
The buyer submits an Irrevocable Corporate Purchase Order with credentials, product specification and quantity.
Transaction Process
Transaction Process
A transparent, step-by-step flow designed to build trust and ensure secure petroleum transactions.
How Transactions Work
Every transaction follows a disciplined, fully documented process that protects all parties and meets the expectations of refineries, banks and partners.
Step 2
Seller Issues SCO / FCO
After verification, the seller issues a Soft Corporate Offer, then a Full Corporate Offer with complete terms.
Step 3
Contract (SPA) Executed
Both parties sign a Sales Purchase Agreement defining product, quantity, price, delivery and inspection.
Step 4
Financial Instrument
Buyer places the agreed instrument — SBLC, DLC/LC or MT103 — per SPA terms.
Step 5
Product Allocation
Product is allocated and confirmed at the designated storage facility or terminal.
Step 6
Inspection (SGS)
Independent inspection by SGS or Intertek verifies quality, quantity and contract compliance.
Step 7
Shipment / Delivery
Product is delivered per agreed terms — FOB, CIF, TTT, TTV or TTO.
Financial Instruments & Delivery Methods
SBLC — Standby Letter of Credit
DLC — Documentary Letter of Credit
LC — Letter of Credit
MT103 — SWIFT wire transfer
TTT — Tank-to-Tank transfer
TTV — Tank-to-Vessel loading
TTO — Tank Takeover
Initiate a transaction
Submit your ICPO or inquiry to begin the structured transaction process.