Proper document flow in petroleum product trading transactions

 When conducting international transactions for the supply of petroleum products, correct and accurate document management plays a crucial role. Efficient and correct execution of documents not only ensures safety and legality of oil products sale and purchase transactions, but also minimises risks and conflicts between the parties to the transaction. Correctly drawn up documents are the basis and basic task for guaranteed fulfilment of transaction terms and prevention of possible misunderstandings. The REFRAT team has written a separate article on its website entitled "TheBasis of a Successful Transaction: Correct DocumentManagement". This article covers such topics as key forms of documents for transactions with petroleum products, building transparent and reliable methods of document flow, the list of documents used in the implementation of transactions with petroleum products, what is LOI - Letter of Intent, FCO - Full Corporate Offer, ICPO - Irrevocable Corporate Purchase Order, SPA - Sales And Purchase Agreement, CI - INVOICE and how to properly work with these documents. A separate block of information on documents regulating relations with intermediaries and agents.


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Density of crude oil. The ratio of the mass of crude oil to its volume

  Density is a scalar physical quantity defined as the ratio of the mass of a body to the volume occupied by that body or as the derivative of mass by volume. Translated into ordinary language, it is the weight of oil in one cubic meter. Density is an important indicator of the quality of crude oil. The heavier the oil, the more heavy components it contains, and accordingly, obtaining finished petroleum products from which will require higher temperatures and deep cracking. Conversely, the lighter the crude oil, the less high temperatures will be required to produce petroleum products. Oil density (volumetric mass) varies between 730-1040 kg/m³. In practice, for its measurement, the units of grams per cubic centimeter (g/cm³) are more often used and, accordingly, the density of oil varies within the range of 0.730-1.040 g/cm³. The most common values of oil density are 0.82-0.90 g/cm³. You can read the full article on crude oil density, at this link on REFRAT's w...
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Official state public registers of companies. Partner data verification for successful and safe transactions.

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POP (Proof Of Product). Basic set of documents for goods in international trade

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