Trade Terms
Soft Probe vs Soft Offer vs Firm Offer in Oil Trading
PetroIntermediation TeamTrade Terms
- Soft Probe — informal indication, no commitment.
- Soft Offer — indicative pricing, subject to allocation.
- Firm Offer — binding for a stated validity window (often 24–72 hours).
Buyers should never sign ICPOs against soft probes. Demand a Firm Offer with validity before issuing payment instruments.
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