The importance of laboratory testing of petroleum products in trade. SGS, Intertek and other laboratories.

 

In the international trade of petroleum products, every stage of the transaction is critical, and confirming the quality and quantity of the product during the transaction is crucial to ensure safety and trust between the parties. One of the key points along the way is laboratory testing of petroleum products to ensure that they meet quality and safety standards, confirm quantities or their origin.

Sampling process for petroleum products

Sampling of petroleum products is a demanding process that requires strict adherence to certain regulations and standards. Samples are usually taken from above-ground storage tanks or on board a ship using specialised equipment to avoid possible contamination or misrepresentation of results. Sampling is carried out exclusively by licensed laboratory technicians who have obtained the appropriate security clearances and permits. Samples are then transported to independent private laboratories for analysis using high-precision equipment.

In our view, resource inspection companies play one of the most important roles in petroleum product transactions. In fact, these companies act as independent arbiters between the seller and the buyer. Without taking sides in the transaction, they are like a third party, an independent inspector in the transaction, they enter the facility and confirm that the resource declared by the seller is really available in the tank, the quality and quantity of the product corresponds to the indicators declared in the documents. Or vice versa – establishes that the quality and quantity of the product in the tank does not correspond to those documents that the supplier declared to the buyer.

Read the full article on the importance of laboratory testing of petroleum products in trade. SGS, Intertek and other laboratories, you can read at this link on the REFRAT website.

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