Crude Oil

Como Trading Limited arranges Private Buying and Selling of Crude Oil. Please ask if what you are looking for is not on this list:

• Russian Crude Oil - REBCO 

• Ultra Light Sulphur Diesel (ULSD)

• D2 - Diesel Gas Oil 

• Jet Fuel (JP54) 

• Mazut 100 

We represent suppliers of Crude Oil arranging transactions worldwide. Direct Buyers or their Legal Representatives can contact us to inquire about the above products.

SELLER'S PROCEDURE 
Please note that we will not send any document over the internet. Our mode of practice is purely 100% bank to bank. If you wish to buy or sell your products through us please contact us online or by telephone and we will send you a soft offer for the product you are after. 

1. Buyer sends ICPO or LOI + BCL; seller sends Contract, Buyer sign Contract and return within 24 hours, Buyer and Seller lodge copies of Signed Contract with Respective Banks.

2. Immediately after Buyer sends swift MT 799/MT 760/ MT 700 one month value (format below) to seller’s bank. For those that claim that it cannot be sent, are requested to use their European correspondent bank, and further, if still not wanting to do a swift, they are requested not to move forward.

(PLEASE NOTE THIS IS RESERVING/BLOCKING OF FUNDS IN BUYERS ACCOUNT AND DOES NOT ENTAIL TRANSFERRING TO SELLER ACCOUNT)

(Any request for POP upfront will see the immediate termination of such FCO and contract, as POP will be the result of administrative & financial process)

3. On receipt of SWIFT MT 799/MT 760/MT 700, the Seller within 5 (five) banking days, will send 2% Cash Performance Bond (returnable to the Seller after completion of contract)

4. The Buyer acknowledges receipt of the Performance Bond to the Seller by email

5. The Seller on, receiving the acknowledgement from the Buyer, will send the Full Refinery Verifiable Proof of Product for the PER ANNUM SUPPLY, within 5 banking days to the Buyer’s Bank by MT 799.

6. The Buyer’s Bank will verify (within 5 banking days) the refinery Proof of Product for the per annum supply, and after Satisfaction will send out the fully Operative RDLC. 

The POP will consist of the following:

i. Copy of license to export, issued by the ministry of energy.
ii. Copy of approval to export, issued by the ministry of justice.
iii. Copy of statement of availability of the product
iv. Copy of the refinery commitment to produce the product.
v. Copy of Transneft contract to transport the Product to the Port storage tank(s).
vi. Copy of the Port Storage agreement.
vii. Copy of surveyor’s certification of quality and quantity at loading port.

Delivery commences as per contract 25 -30 days after authentication of swift & authentication of the RDLC Seller charter vessels and the charter agreement will include endorsement stating and including Buyer’s name with assigned quantities. Seller loads the cargo and gets ready with all documentation. Payment will be effected based on the surveyor’s certification of quality and quantity.

If you are looking to buy crude oil Contact us for more information.