FECO EXPORTING actively trades in a range of crude oil and refined fuels, as detailed below. We consider all high-quality, export-ready products.
FECO EXPORTING actively trades in a range of crude oil and refined fuels, as detailed below. We consider all high-quality, export-ready products.
All crude oil and fuel offers must adhere to an FOB Incoterms delivery protocol. Once an offer is accepted, a CIF aspect will be finalized in the contract. We typically consider supply contracts of 80,000 MT or more, up to 140,000 MT, for a minimum of one year.
Similar to crude oil, we seek refined fuels, especially ULSD2 with a Cetane content of 45 or higher (50 preferred).
Quantity: We consider lots of 3 to 5 MMT (Million Metric Tons) for contracts ranging from 3 to 5 years.
Specifications:
ULSD with 10 PPM sulfur content and a Cetane number of 50 or more.
Alternatively, ULSD with a Cetane number under 46.
Jet Fuel A1 (Defstan Grade Jet A1) is also considered for yearly lots.
Specification: 46% Nitrogen
FECO EXPORTING's procurement of crude oil and refined fuels is structured under a semi-fixed contract basis, employing ICC FOB or CIF delivery terms.
The foundation of this semi-fixed basis is a designated, reliable benchmark, from which the FECO EXPORTING index buying price for suppliers is derived.
Once an offer is advised, email communication between FECO EXPORTING and the supplier remains open. All business conducted with FECO EXPORTING is strictly confidential. FECO EXPORTING is always the buyer in these transactions.
Our purchase procedures typically follow these steps: Offers, Acceptance, Rejection (an OTP (Offer to Purchase) is served if accepted), DLC (Documentary Letter of Credit) Issuance, P.G. (Performance Guarantee), Contract signing, and the first delivery taking place 30 days after the contract is signed.
Transport documents are presented cleanly at sight. Collections of the DLC then take place. Physical delivery occurs from the Port of Loading to the Port of Delivery, after which preparations for the next shipment commence.
Submit Purchase Intent: Advise your purchase intent via email, including all relevant specifications and desired refined products. FECO EXPORTING will communicate an offer as the seller to the end buyer based on merit and at our discretion.