Transactions with petroleum products: Deciphering key terms and abbreviations

 Welcome to the world of petroleum products trading, where the language of business is not only words, but also acronyms, terms and abbreviations. In the process of concluding deals and executing documents in this industry, specialized terms and abbreviations are often encountered that can cause confusion for even experienced professionals. That’s why we’ve compiled this glossary of terms and acronyms to provide you with a reliable resource for clarifying the meanings and usage of key terms used in petroleum product transactions. Whether you are new to the field or a seasoned professional, this dictionary will help you navigate the world of petroleum trading more confidently and successfully conduct business negotiations. Together, let’s dive into the terminology that will become your trusted companion in your work!

  You can read the terms and abbreviations used in the preparation of petroleum product transaction documents at this link on the REFRAT website.

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