Successful Project Procuring Crude Oil Seller for a Client in the International Marketing Sector

Successful Project Procuring Crude Oil Seller for a Client in the International Marketing Sector

Project Introduction: Marishad Company proudly undertook a complex international marketing project for a client who sought to procure a reliable crude oil seller. The crude oil market is notorious for its numerous unreliable sellers, often controlled by governmental entities and mafias. Our client required the purchase of 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:

1. Identify Reliable Sellers: Find legitimate sellers in a challenging market.
2. Facilitate Transaction Protocols: Ensure compliance with international oil trading standards.
3. Manage Delivery and Payment: Oversee logistics, ship-to-ship transfers, and secure financial transactions through LC bank protocols.
4. Evaluate Logistics and Lifting 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 address the client’s needs, the Marishad team implemented a thorough and strategic approach:

1. Negotiation with Oil Companies: Initiated negotiations with multiple oil companies on behalf of the buyer to identify sellers matching the buyer’s procedural requirements.
2. 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.
3. 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.
4. Submission of Required Documents: Provided the four key documents, known as ICPU, from the buyer to the seller once a suitable seller was identified.
5. 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: 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: Marishad’s robust relationships with oil companies and governmental entities provided crucial consultation, facilitating smooth and timely project execution.

Project Outcome: 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.

Focus Keyword:

Crude Oil Procurement, International Marketing, Reliable Seller, 100,000 Tons Monthly, Ship-to-Ship Transfer, LC Bank Protocol, DIP Test, Transaction Security, Maritime Logistics, Legal Review, Supplier Negotiation, Oil Trading Standards, Project Execution

Meta Description:

Discover how Marishad successfully procured a reliable crude oil seller for a client in the international marketing sector, securing a monthly supply of 100,000 tons of crude oil through strategic negotiations, compliance with international standards, and meticulous transaction management.