Crude oil also is named Petroleum or Oil is liquid mixture of mainly hydrocarbons and is yellowish-black.
What is heavy crude oil and light crude oil?
Crude oil with an API gravity:
less than 30 is heavy Crude oil
upper than 30 is light Crude oil
In compare between Light and heavy crude oil, light crude oil is more expensive, valuable, easier to refine, and contains greater quantities and valuable of hydrocarbons than heavier one.
What products are made from light crude oil:
fuels such as gasoline,
gasoil (diesel)
Airplane fuels,
What is heavy crude oil used for:
Transportation fuels
Feedstock for Some plastics, Petrochemicals,
Other fuels and road surfacing.
How to buy Crude oil from DAYA Oil Fuel?
Our customers: can be one of the following three categories:
1-Refineries
2-Companies that have tanks farm
3-Businesses that can rent tanks farm or floating tanks
– The main and important qualification is to have sufficient financial capability
– For more information, the port of Malacca, Malaysia, which is the part of the ASEAN Association of Southeast Asian Nations) ) and includes special customs discounts for ASEAN member countries.
– The steps will be attached. To have more information and setting up LOI, Please follow us via email.
Terms and Procedure
To buy Crude Oil From MALAYSIA:
– Product Title:Light Crude oil API 33.60
Heavy Crude oil API 16.00
Extra Heavy Crude oil 10.00
– Contract: SPOT
– Origin: Malaysia
– Term of Delivery: FOB Malacca Port of Malaysia.
– Payment Term: TT/LC
– Validity: Two Weeks Procedure (FOB)1-Buyer sends LOI, account`s CIS, Company profile, Scanned of Buyer\’s International Passport.2-Seller sends FCO and Buyer sign the FCO and return to Seller.3-Seller issues draft SPA for Buyer’s review and after endorsement returns to Seller, then Seller sign SPA and send for Buyer. (it is possible for Buyer to meet Seller in Malacca)4-Buyer sends Q88 & IMO# and vessel Capitan contact`s call info.5-Seller arranges loading and gives Lay-can for loading to Buyer.6-Seller loads product to the vessel and once loading completed the Seller prepare related shipping documents.7-Buyer organizes Q&Q by SGS Co. or similar and Seller issue final Commercial Invoice (CI) for Buyer according to the Q&Q report.8-Buyers\’ Bank releases full CI amount to the Seller’s Bank account and title of ownership is transferred to the Buyer name.9-Vessel forward for the destination port.10-After successful completion of First Lift Shipment, further supply continues following SPA, whereby timing of deliveries is planned and agreed upon beforehand between Seller and Buyer in a separate loading and delivery schedule. Note 1: Buyer is always entitled to do an additional Q&Q by SGS or equivalent international agency on Buyer’s own expense. Note 2: Due to the transaction in the ASEAN area, the customer must include a 7% tax deduction in the calculation of the costs.
To buy Crude Oil From IRAN
Product Title: Light Crude oil
API 33.6
Origin: Iran
Quantity: 50,000 MT
Specification: As Attachment
Destination: Port Open Buyer Option
The process that practically reaches NIOC:
– The customer issues an LOI with the name of the refinery
– The customer attaches the updated BCL with the LOI.
– The seller is obliged officially
load analysis, cargo tonnage, Load balance status(Vessel specifications or tank specifications) announces
After the agreement of the parties
– The SPA contract is concluded.
– The buyer will pay ten percent of the amount in advance based on the PI that NICO will give to the seller.
– After the ship arrives at its destination in CFR, the buyer performs the Q&Q test and after confirmation by the buyer,
– He will pay the balance to the seller for shipping and cargo documents
It must be paid.
Light and Heavy Crude Oil Specification:
API 33.6, Specific Gravity (Light crude oil density) 0.8568, Sulfur 1.46, Pour Point -12, Asphaltene 1.6
API 29.6, Sulfur 2.24, Pour Point -18, Asphaltene 3.6
Specific Gravity (Heavy crude oil density) 0.8785,
To buy Crude Oil From RUSSIA
Product Title: Light Crude oil API 33.6
Payment Term: TT/LC
Origin: Russia
Companies: Rosneft, Surgutneftegas, Gazprom, LukOil, Transneft
Quantity: 50,000 MT
Specification: As Attachment
Destination: Port Open Buyer Option
Price: …. USD/MT Minus Brent crude oil price based Which Port will loaded
Procedure (FOB)
1. Buyer issues LOI including a soft BCL. Seller’s representative issues SCO to the Buyer. Upon receiving the SCO a zoom meeting takes place with the buyer and seller’s representative after signed SCO.(Buyer’s lawyer presence is advised)
2. Buyer issues an official ICPO with the received SCO attached. The ICPO should indicate seller’s procedure & terms (signed/Sealed).
3. Seller Issues draft contract (SPA)-Sales and Purchase Agreement- for both parties’ final endorsement.
4. Seller appoints and signs Charter Party Agreement (CPA) along with the buyer and the shipping company. Buyer and seller receive PPOPs and CI (from shipping company) to be paid by both parties as 50/50 for transporting the product to buyer’s final discharge port.
(Note: This fee will be deducted from the total product value at the end of delivery).
Meanwhile the buyer receives PPOP documents as below:
(a) CONFIRMATION / COMMITMENT LETTER TO SUPPLY
(b) TANK RECEIPT
(c) CERTIFICATE OF ORIGIN OF THE PRODUCT
(d) STATEMENT OF AVAILABILITY OF THE PRODUCT IN RESERVOIR (e) PRODUCT PASSPORT
5. Upon payment of the CI and finalization of the logistics for delivery of the petroleum product to the buyer’s nominated destination/discharge port, seller commences loading the petroleum product into the vessel tanker (ship) provided by seller and issues the following proof of product and shipment documents to the buyer:
• BILL OF LADING, VESSEL DETAILS (Q88).
• DIP TEST REPORT FOR QUALITY AND QUANTITY OF THE PRODUCT BY SGS, SAYBOLT, INTERTEK OR SIMILAR
• CERTIFICATE OF CONFORMITY OF THE PRODUCT
• CERTIFICATE OF ORIGIN ISSUED BY THE CHAMBER OF COMMERCE
6. Upon receipt of the above proof of product and shipment documents, buyer Issues DLC MT700 or SBLC MT760 to guarantee the payment for the product and seller Issues 2%P.B.
7. Shipment commences and buyer releases payment via MT103 – T/T for the total cost of the product after CIQ at buyer’s discharge port and seller hands over all exportation documents and certificate of ownership to the buyer through the ship’s captain.
8. Seller pays commissions to intermediaries involved in the transaction
Note:
– Before paying 50% shipping (CPA) , the customer is given SPA that can inquire from the commercial department of the Russian Embassy, with this inquiry, the customer is assured of the authenticity of the seller.
– Also, during the zoom meeting, the client\’s lawyer must be present.
Daya
Why Choose Us:
Daya Team has over two decades of practical experience and knowledge in international business and with powerful partners, DAYA team gather a successful supply chain.
We at DAYA team can supply oil products from several producer and provide best solution base on customer\’s needs.
For more information, contact us at Info@DAYAholding.com.
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