Iran’s oil is beginning to hit the global oil market and it’s already making an impact on the price of fuel. Whether at $95 per barrel or $35 per barrel there is a strong need for oil products all over the world. Our refineries and Title Holders require buyer documents up front, legitimate Corporate Profile and Letter of Intent docs on End Buyer letterhead before they/we engage in any oil transaction.
We provide fuel to China End Buyers by FOB terms at Rotterdam. We have a Strong Source of Bonny Light, for Refineries only. My Title Holders, for JPA1, D2, LNG, Mazut, BLCO, JP54, D6, LPG, Crude Oil, ULSD and other fuel set procedures. If an End Buyer is prepared to provide legitimate CP & LOI buyer docs and contact details, up front then we would be willing to provide fuel to them. Refineries set procedures to our Title Holders, so my Title Holders pass on those procedural requirements to End Buyers.
BLCO is available to my legitimate Refinery Buyers, as long as the Buyer will follow Seller Procedures. A couple of my Title Holder sources have completed oil transactions with legitimate End Buyers for JP54 and other fuel products. Official CP and LOI ‘ Buyer Docs ‘ are required from every buyer before we provide any SCO.
An official Corporate Profile, on End Buyer letterhead and a Letter of Intent from the End Buyer are required to get the ball rolling with JP54 or JPA1 $48/$42 CIF or FOB Rotterdam. My 2 Shell Oil sources for D6 require a legitimate CP & LOI up front, from the End Buyer before we line up the Conference Call directly between the Direct Buyer and Shell. My strongest BLCO source only provides Bonny Light to refineries. Official CP & LOI docs from the End Buyer are required to get a Bonny Light transaction started.
From 2 of my Shell D6 sources, we are able to provide D6 directly from the refinery to our End Buyers, who have provided buyer docs; CP, LOI or ICPO. My Bonny Light source is actively providing fuel to many refineries. Because this BLCO source sells only to refineries directly there is no need for any financial instrument.
D6 offers out of Houston get spoken for quickly. Through Shell, DD is done on every End Buyer. Every week, prices for JP54, D2, LNG, Mazut, JPA1, BLCO and D6 change, but our Direct Title Holder sources for fuel are solid. Our refineries are more strict, demanding CP, LOI and BCL docs from End Buyers so our Title Holders require these buyer docs from serious End Buyers.
Out of Saudi Arabia, we have D6 $1.04/$1.00 this week. Offers of D6 get spoken for quickly, so it’s time to provide Buyer Docs CP, LOI & BRL with my Seller so you can be next in line for the next offer. Refineries and Title Holders are much more strict now, with every End Buyer, requiring at least a Bank Reference Letter from every End Buyer. A BRL needs 2 signatures from an End Buyer’s bank stating that the End Buyer is in good standing and is Ready, Willing and Able to procure fuel. We don’t want your Bank Account # but we need to verify legitimate Corporate Profiles and Letters of Intent from each End Buyer.
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Refineries now require an official Corporate Profile and some Financial Capability evidence from every End Buyer. One of my Title Holder therefore requires a CP and Bank Reference Letter RWA from every End Buyer. My 2nd Title Holder requires proof of Tanks at Rotterdam or Novo plus an official CP & LOI, signed by End Buyer(s). My Bonny Light fuel comes directly from NNPC sources -$7/-$5. Until it’s spoken for, I have D6 out of Rotterdam $1.25/$1.22 CI Dip & Pay. Until it’s spoken for, I have D6 out of Houston $1,33/$1.31. Sellers set Procedures, not Buyers. If your End Buyer can provide CP & BRL docs on End Buyer letterhead then we can get things started for JP54, D2, Mazut, LNG, Crude Oil, JPA1, ULSD, LPG or other fuel products. Contact me RJ@MorningLiberty.com
Would you rather deal directly with an oil ‘ Title Holder ‘ or a line of oil brokers? Much of the world’s available fuel was spoken for by March and April. My ‘ Title Holder Jon, ‘ has refinery sources for JP54, LNG, D2, Mazut, JPA1, D6, LPG, Bitumen and other fuel products for Buyers. My Bonny Light source(s) work directly with NNPC for my BLCO buyers.