We are pleased to announce a solution designed to streamline transactions within the petroleum sector for first time buyers with us who want to develop a good reputation with our refineries we represent from the start.

It’s important to note that product pricing  will be extremely attractive and buyers who perform with us first will be given the opportunity to engage directly with any of the refineries we represent if they chose to for their second purchase as long as they prove they can meet our refineries’ direct requirements to engage.

It’s also important to note that product pricing  will remain the same with the Approved Refinery Seller & our direct Refinery pricing.

First time Buyers must prove their qualification & engage with our Approved Refinery Seller by issuing a Standby Letter of Credit (SBLC) from any bank with license by their jurisdiction Central Bank and member of SWIFT Brussels Group, in some instances issuance could be done via CORRESPONDENT bank with active RMA between them to the Refinery Approved Seller’s designated account at JP Morgan Chase.

The approved verbiage for both the RWA and the SBLC will be provided by the Refinery Approved Seller.

Upon securing the SBLC, the Approved Refinery Seller will obtain the product from one of the refineries and resell it to the designated qualified Buyer keeping in mind that Reselling price & Refinery price will be the same.

After confirming the validity of the MT 760 the Approved Refinery Seller will proceed to extend the tanks of the refinery, obtain a full POP including fresh SGS and provide it to the Buyer for verification and payment of the product.

We look forward to facilitating your orders with this efficient and reliable method for those who meet the necessary qualifications.

This offer is only available to New or First time Refinery buyer(s) who have the capacity to submit an RWA followed by an MT760 instrument.