Buyer Process
Step-by-Step: How to Issue an RFQ for Crude Oil or Refined Products
PetroIntermediation TeamBuyer Process Guides
An RFQ (Request For Quote) is your first signal of seriousness. Suppliers triage RFQs in seconds — vague ones are deleted.
The 8 mandatory RFQ fields
- Product specification (e.g., EN590 10ppm, D6 Virgin Fuel Oil)
- Quantity per shipment and total contract volume
- Delivery Incoterm (FOB, CIF, CFR, DES, DAP)
- Delivery port(s)
- Inspection (SGS, Intertek, Saybolt)
- Payment instrument (MT103 / MT700 / SBLC)
- Price formula (Platts ± discount, or fixed)
- Contract duration (one shipment vs 12-month)
Submit through a structured platform
Posting RFQs on petromarketplace.com ensures only KYC'd suppliers respond. Sign up at petrointermediation.com to issue your first RFQ today.
Ready to run a verified petroleum deal?
Sign up at PetroIntermediation to post your RFQ and reach KYC-verified suppliers. Yearly subscribers can list unlimited deals on PetroMarketplace — the convenient way to put your tender in front of pre-qualified counterparties.
