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FUEL & PETROLEUM MARKET

Fuel & Petroleum Products

EN590, Jet A1, D2, D6, Mazut, JP54, crude and LNG / LPG. Verified buyers and sellers, matched and supported by NICOMTRADE — with independent inspection, standard Incoterms and SWIFT banking agreed party-to-party.

SGS / Saybolt / Intertek NCNDA / IMFPA FOB · CIF · TTV

Products

Refined products, residual fuels, crude and gas — sourced from verified sellers and matched to verified buyers.

EN590 10ppm

Ultra-low-sulphur diesel

Jet A1

Aviation turbine fuel

D2

Gasoil GOST 305-82

D6 Virgin

Residual fuel oil

Mazut M100

Heavy fuel oil GOST 10585-99

JP54

Colonial-grade jet fuel

Crude (Bonny Light)

Nigerian light sweet crude

LNG / LPG

Liquefied natural & petroleum gas

Delivery

Incoterms & Delivery

Movement on the terms your counterparty requires — from vessel-borne FOB and CIF cargoes to in-tank transfers. TTV (Tank-to-Vessel) and TTO (Tank-to-Tank) suit allocation lifting, while DIP & PAY lets the buyer verify quality on the dip before release.

  • Refinery and storage allocations on verified tanks
  • Independent SGS / Saybolt / Intertek inspection
  • NCNDA / IMFPA protecting every intermediary
  • Bank-to-bank settlement on standard SWIFT instruments
DELIVERY TERMS
FOBFree On Board
CIFCost, Insurance & Freight
CFRCost & Freight
TTVTank-to-Vessel
TTOTank-to-Tank
DIP & PAYDip test & pay on confirmation

Trade Procedures

The standard petroleum workflow — documented, inspected and settled party-to-party.

STEP01

ICPO / LOI / SCO

Buyer ICPO or LOI meets the seller's soft corporate offer.

STEP02

SPA

Sale & purchase agreement drawn and signed party-to-party.

STEP03

NCNDA / IMFPA

Non-circumvention and intermediary fee protection executed.

STEP04

Inspection

SGS, Saybolt or Intertek confirm quality and quantity.

STEP05

Banking

Settlement via MT-103 / MT-799 / MT-760 instruments.

Independent Inspection

Quality and quantity confirmed by an internationally recognised inspector before title or payment moves.

SGSSayboltIntertek

Banking Instruments

Settlement is bank-to-bank on standard SWIFT instruments, arranged directly between the parties' banks.

MT-103MT-799MT-760
100,000 MT

Example: EN590 supply

A representative EN590 10ppm structure runs as a 100,000 MT trial, followed by monthly rolls and extensions once both sides confirm performance. Volumes, tenor and pricing are agreed party-to-party.

NICOMTRADE is the trading name of National Investment LLC (CR 1466560), Muscat, Sultanate of Oman. NICOMTRADE introduces verified buyers and sellers and supports the deal; it is not an exchange and never holds funds or assets. All transactions are concluded directly between the parties. Nothing here is financial, investment, legal or tax advice.

Trade Fuel & Petroleum

Lifting allocations or sourcing tonnage, enter the verified marketplace and get matched to the other side — with inspection, Incoterms and banking kept party-to-party.