Buyer Process
The Complete Petroleum Buying Process Explained
PetroIntermediation TeamBuyer Process Guides
Every successful petroleum deal follows the same 12 stages, in order:
- Soft Offer / FCO from seller
- Buyer ICPO with POF
- Seller Full Corporate Offer
- Draft SPA exchange
- Final SPA signing
- Payment instrument issuance (MT760 / SBLC / MT700)
- Vessel nomination & Q88
- Pre-load SGS inspection
- Loading & Bill of Lading
- Title transfer per Incoterm
- Discharge inspection
- Final settlement
Skipping any stage is a fraud signal. Run your process on petrointermediation.com.
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