FOB
Delivery at the loading terminal onto a vessel nominated by the buyer and accepted after vessel screening. Quantity and quality are certified at loading by the independent inspector appointed under the contract.
Pillar 1
Trading and arbitrage
Crude oil, refined products and petcoke, contracted with the owner of the goods or its mandated party and documented from loading to delivery.
Illustrative image of tankers off Port Everglades; not CRIPTOIL vessels. Photo: formulanone, CC BY-SA 2.0, source, cropped and resized.
Technical catalogue
Reference values from the cited standards. The specification in each contract governs the cargo.
| Product | Standard | Key parameters |
|---|---|---|
| Diesel EN590 10 ppm | EN 590, temperate classes | Sulfur max 10 mg/kg; cetane number min 51; density at 15 °C 820 to 845 kg/m³; flash point above 55 °C. |
| Jet A1 | DEF STAN 91-091, ASTM D1655 | Flash point min 38 °C; freezing point max minus 47 °C; total sulfur max 0.30 % m/m; density at 15 °C 775 to 840 kg/m³. |
| Gasoline RON 95 | EN 228 | RON min 95; MON min 85; sulfur max 10 mg/kg; density at 15 °C 720 to 775 kg/m³. |
| LPG | GPA 2140, EN 589 | Commercial propane, butane and mixes to GPA 2140; automotive LPG to EN 589. |
| VLSFO and IFO 380 | ISO 8217 (edition per contract), MARPOL Annex VI | VLSFO: sulfur max 0.50 % m/m, the MARPOL Annex VI global limit. IFO 380 (RMG 380): kinematic viscosity max 380 mm²/s at 50 °C; high sulfur grades only for vessels fitted with exhaust gas cleaning systems. |
| Heavy and medium crude oil | Assay per cargo | Heavy and medium grades, including crude of Venezuelan origin only where authorized under U.S. sanctions regulations. |
| Petroleum coke | Contract specification | Fuel grade and anode grade. Sulfur, volatile matter, moisture, Hardgrove index, calorific value and metals as agreed per contract. |
Execution rules
CIF and CFR
Freight, and insurance under CIF, are arranged to the agreed discharge port. Quantity and quality are verified at loading and at discharge.
Independent inspection
Quantity and quality are verified by an internationally recognized independent inspector appointed under the contract. Incoterms 2020 apply.
Who we work with
We contract with the owner of the goods or with a party holding a written mandate to buy or sell on its behalf. We identify the full transaction chain during KYC and decline transactions whose chain cannot be verified. We do not ask for advance fees, deposits, inspection fees or commissions before a written agreement signed by both parties is in place.