Identifying and Securing a Reliable Crude Oil Seller for a Client in International Marketing
Marishad Company proudly undertook a complex international marketing project for a client who required a reliable crude oil seller. The crude oil market is known for the presence of numerous unreliable sellers, often controlled by governmental entities. Our client needed to purchase 100,000 tons of crude oil monthly for one year, with delivery conditions in the OPL Oman area via ship-to-ship transfer and payment through an LC bank protocol, including a scheduled DIP test.
Project Objectives in Crude Oil Procurement
– Identify Reliable Sellers: Find legitimate sellers in a challenging market.
– Facilitate Crude Oil Transaction Protocols: Ensure compliance with international oil trading standards.
– Manage Delivery and Payment: Oversee logistics, ship-to-ship transfers, and secure financial transactions through LC bank protocols.
– Evaluate Logistics and Transfer Costs: Assess costs related to transportation and lifting with a focus on the ship-to-ship (STS) process for cost optimization.
Marishad’s Approach to International Oil Marketing
To address the client’s needs, the Marishad team implemented a thorough and strategic approach:
– Negotiation with Oil Companies: Initiated negotiations with multiple oil companies on behalf of the buyer to identify sellers matching the buyer’s procedural requirements.
– Review of Sellers’ Transaction Procedures: Conducted a detailed review of each proposed seller’s transaction procedures to ensure they met the buyer’s needs and international standards.
– Recommendation of LC Bank Protocol: Marishad recommended the LC bank protocol to the client to ensure transaction security and seller qualification through the bank. This protocol guarantees that the buyer’s and seller’s documents are properly reviewed and that transactions are conducted with greater transparency and security.
– Submission of Required Documents: Provided the four key documents, known as ICPU, from the buyer to the seller once a suitable seller was identified.
– Finalizing the Transaction: Upon receiving the FCO from the seller and its approval by the buyer, subsequent steps involved sending the Q88 vessel documents through banking channels to finalize the contract.
Consultation and Legal Review in Oil Transactions
Marishad leveraged its strong connections and expertise to review all relevant laws and regulations through international legal advisors, ensuring that the country governing the contract was correctly identified and that all parties complied with the necessary legal requirements.
Strong Partnerships with Oil Companies
Marishad’s robust relationships with oil companies and governmental entities provided crucial consultation, facilitating smooth and timely project execution.
Project Outcome: Success in Crude Oil Procurement
Through Marishad’s dedicated efforts and meticulous attention to every detail, the client successfully procured a reliable crude oil seller and met their procurement goals seamlessly. This achievement underscores Marishad’s expertise in navigating complex international markets and executing intricate deals. Our continuous support from start to finish ensures that clients feel secure and confident, knowing they are not alone on this journey. You are not alone on this path.
Marishad Company, Crude oil seller, International marketing, Reliable oil suppliers, LC bank protocol, Ship-to-ship transfer, Oil procurement, Oil transaction security, Logistics management, Crude oil delivery, STS process, Oil market negotiation, Transaction compliance, Legal review, Oil company partnerships
Meta Description: Marishad Company successfully executed a complex international marketing project to secure a reliable crude oil seller for a client. The project involved finding legitimate sellers, managing logistics, overseeing ship-to-ship transfers, and ensuring transaction security through LC bank protocols. Marishad’s strategic approach, strong industry relationships, and meticulous attention to detail ensured the client’s procurement goals were seamlessly met.
focus keywords: Marishad Company, Crude oil seller, International marketing, Reliable oil suppliers, LC bank protocol, Ship-to-ship transfer, Oil procurement, Oil transaction security, Logistics management, Crude oil delivery, STS process, Oil market negotiation, Transaction compliance, Legal review, Oil company partnerships
