(FAQs)

Frequently Asked Questions (FAQs) – Blaze Petroleum

FAQs

FAQs – At Blaze Petroleum, we know that everything to do with global fuel trading needs to be characterized by clarity. For that reason, we have provided answers to some of the common questions asked with regards to our services and how we carry out our responsibilities as a global trusted oil supplier.

1.⁠ ⁠What does BLAZE Petroleum specialize in?

BLAZE Petroleum focuses on the trade and distribution of petroleum products, including crude oil, refined products, and related services. We ensure a seamless supply chain, meeting the needs of international buyers.

Our portfolio includes a range of petroleum products to meet diverse requirements, such as:
Crude Oil: Available in multiple grades to suit refining needs.
Diesel (ULSD 10ppm): Ultra-low sulfur diesel meeting the latest environmental standards.
Gasoline (RON 95, RON 98): Available in different octane levels to meet regional and industry demands.
 Lubricants and Base Oils (Group I, II, and III): Premium options for industrial and automotive applications.

We operate globally, with a strong presence in key markets across Europe, Asia, and the Middle East. Our network allows us to manage pick ups in the biggest key ports. 

Our products undergo rigorous quality control and meet international standards, ensuring the highest level of reliability and performance.

You can submit an inquiry via our official website, email, or by contacting our sales team directly. Please include all necessary details about the product and volume requirements to streamline the process.

Yes. Our customer support team is also available via WhatsApp

To proceed with the next steps, we require the following documents from you:

  • Letter of Intent (LOI): This document confirms the buyer’s serious interest in the proposed transaction and outlines the basic terms and conditions they are seeking.
  • Irrevocable Corporate Purchase Order (ICPO): This is a binding purchase offer that specifies the details of your request and confirms your willingness and ability to pay.

These documents are essential to ensure a smooth and transparent transaction process. Once we receive both documents, we can initiate the next steps and move forward with the process.

 

We provide an SCO Soft Corporate Offer (a preliminary offer) after receiving an LOI and ICPO. It outlines the basic terms, product availability, pricing, and conditions, serving as a non-binding document until the buyer confirms acceptance.

In addition to the LOI and ICPO, buyers must provide:

  • KYC Documents (Know Your Customer): Including company registration, proof of address, and financial standing.
  • Bank Comfort Letter (BCL): Confirming the buyer’s financial capability, if applicable.

Pricing is based on international benchmarks such as Brent or WTI, and adjusted according to market dynamics, product grade, and delivery terms. A final price is confirmed during the negotiation phase.

Yes, our minimum order requirements depend on the product type. For crude oil, the standard minimum is 1 million barrels. Refined products typically require a minimum of 50,000 metric tons.

In international oil trading, we adhere to transparent and secure payment terms to ensure smooth transactions. BLAZE Petroleum operates under the following conditions:

  • The buyer must provide Proof of Funds (POF) via MT 149 within 72 hours of signing the trade invoice.
  • If the buyer is unable to provide POF within the specified timeframe, an Unconditional DTA (UDTA) valid for 5 to 7 days will be issued to allow the buyer to conduct a dip test.
  • The buyer reserves the right to reject the product if it does not meet the specifications outlined in Annex 1.
  • Force Majeure: Neither party shall be held liable for failure or delay in performance due to circumstances covered under the ICC Force Majeure and Hardship Clauses (ICC 2010).
  • Inspection Period: The buyer is entitled to a maximum of 40 hours (with prior approval) to verify product quality before conducting the dip test.

Our payment terms are designed to provide maximum security and transparency. Should you need further clarification or details, we are happy to assist you.

We utilize well-established ports and terminals based on the product and destination. Common ports include Rotterdam (Netherlands), Fujairah (UAE)

BLAZE Petroleum provides flexible delivery solutions tailored to buyer needs, including:

  • Tank-to-Vessel Transfers: Direct loading of products from storage tanks to vessels at designated terminals.
  • Vessel-to-Vessel Transfers: Mid-sea or port-based transfer of products between vessels, ensuring efficient and timely delivery.
  • Tank-to-Vessel: Ideal for bulk deliveries directly from storage facilities, minimizing handling time and costs.
  • Vessel-to-Vessel: Perfect for operations requiring in-transit transfers or where terminal access is limited.

  • We follow a clear and efficient process. A sample for  procedure could be the following:

    1. Submit Documents:
      Buyers send the required LOI (Letter of Intent), ICPO (Irrevocable Corporate Purchase Order), and KYC (Know Your Customer) documents.

    2. Verify Documents:
      We review all documents for accuracy and completeness.

    3. Issue SCO (Soft Corporate Offer):
      We provide a detailed SCO outlining terms like pricing, quantity, and delivery.

    4. Confirm SCO:
      Buyers confirm the SCO by accepting its terms.

    5. Conduct Dip Test:
      Buyers verify product quality and quantity through a Dip Test at the storage tank or during Vessel-to-Vessel Transfers.

    6. Sign Contract:
      Both parties sign the legally binding Sales and Purchase Agreement (SPA).

    7. Process Payment:
      Buyers complete payments based on agreed terms (e.g., Letter of Credit, SWIFT).

    8. Deliver Products:
      We arrange delivery under agreed terms like FOB, CIF, Tank-to-Vessel, or Vessel-to-Vessel.

  • Our SCO is valid for 2 business days. Buyers must confirm within this time frame to proceed.

    2. How long are LOI and ICPO valid?

    • LOI: Typically valid for 30 days, unless stated otherwise.
    • ICPO: Usually valid for 30 to 60 days, depending on the agreement.

    3. How long is a Dip Test result valid?
    Dip Test results remain valid for 14 to 30 days, depending on the product type.

    4. What happens if validity expires?
    If an SCO, LOI, ICPO, or Dip Test result expires, buyers must submit updated documents or conduct a new test to continue.

We adhere to international standards and regulations, including:

  • ISO Certifications for quality and environmental management.

We comply with international data protection laws to safeguard sensitive information.

Still Have Questions?

We’re here to help. Whether you’re seeking a Jet A1 fuel exporter, a bulk EN590 diesel supplier, or an experienced fuel trading company, Blaze Petroleum is ready to serve.

👉 Contact us or email us directly to discuss your fuel supply requirements.