Crude oil and the refined barrel.

We trade across the barrel, from the crude that arrives at the refinery gate to the bunker fuel, bitumen and base oils that leave it. Every cargo is sold to a written specification and verified by an independent inspector.

01 — Crude oil

Crude oil

Sweet and sour crude grades traded FOB and CIF into Mediterranean, North West European and Asian refining systems, in part-cargo and full-cargo lots.

Crude is priced against the relevant marker — dated Brent, WTI or the regional official selling price — plus or minus a differential reflecting quality, freight and the delivery window. We work with the grades below and with equivalent streams offered by our supply counterparties.

Light sweet Medium sour Condensate FOB / CIF / DES

Representative grades — indicative assay values
Grade	Origin	API gravity	Sulphur (% wt)
Brent Blend	North Sea	~38.3	~0.37
Azeri Light	Caspian / BTC	~34.8	~0.15
CPC Blend	Caspian / Novorossiysk	~45.0	~0.55
Saharan Blend	Algeria	~45.3	~0.09
Es Sider	Libya	~37.0	~0.44
Bonny Light	Nigeria	~33.4	~0.15
Basrah Medium	Iraq	~29.7	~2.80

02 — Middle distillates

Middle distillates

The core of our refined book: automotive gasoil, heating gasoil, jet fuel and kerosene, moved between refining centres and inland distribution.

Diesel is supplied to EN 590 with the cold-flow grade matched to the destination market and season. Jet fuel is supplied to DEF STAN 91-091 / ASTM D1655 and is only ever moved on dedicated, previous-cargo-cleared tonnage with a full certificate chain.

ULSD 10 ppm (EN 590) Gasoil 0.1% Jet A-1 Kerosene

Automotive gasoil — ULSD, EN 590 (indicative)
Property	Limit	Method
Sulphur content	10 mg/kg max	EN ISO 20846
Density at 15 °C	820 – 845 kg/m³	EN ISO 12185
Cetane number	51.0 min	EN ISO 5165
Flash point	55 °C min	EN ISO 2719
CFPP	Grade / season dependent	EN 116
Water content	200 mg/kg max	EN ISO 12937
FAME content	By contract (B0 – B7)	EN 14078

Jet A-1 — DEF STAN 91-091 / ASTM D1655 (indicative)
Property	Limit	Method
Density at 15 °C	775 – 840 kg/m³	ASTM D4052
Flash point	38 °C min	ASTM D56
Freezing point	−47 °C max	ASTM D2386
Total sulphur	0.30 % m/m max	ASTM D4294
Smoke point	25.0 mm min	ASTM D1322
Acidity, total	0.015 mg KOH/g max	ASTM D3242

03 — Light distillates

Light distillates

Finished gasoline, blending components and petrochemical feedstock traded between refining, blending and cracking centres.

Gasoline is supplied to EN 228 with the vapour pressure class set for the destination market and season. Naphtha is offered as light or full-range material, specified on paraffin content and density where it is destined for a steam cracker rather than a gasoline pool.

Gasoline 95 RON (EN 228) Gasoline 98 RON Light & full-range naphtha MTBE Blend components

Unleaded gasoline 95 RON — EN 228 (indicative)
Property	Limit	Method
Research octane number	95.0 min	EN ISO 5164
Motor octane number	85.0 min	EN ISO 5163
Density at 15 °C	720 – 775 kg/m³	EN ISO 12185
Sulphur content	10 mg/kg max	EN ISO 20846
Benzene content	1.00 % v/v max	EN 12177
Vapour pressure	Class / season dependent	EN 13016-1
Oxygen content	3.7 % m/m max	EN 13132

Naphtha — light / full range (indicative)
Property	Typical range	Method
Density at 15 °C	0.650 – 0.740 kg/l	ASTM D4052
Total sulphur	100 – 500 mg/kg max, by grade	ASTM D5453
Paraffin content	By contract (cracker feed)	ASTM D6839
Final boiling point	170 – 205 °C, by grade	ASTM D86
Colour, Saybolt	+25 min	ASTM D156

04 — Fuel oils & bunkers

Fuel oils & marine bunkers

Residual and distillate marine fuels supplied to ISO 8217, plus industrial fuel oil for power generation and process heat.

Since the IMO 2020 sulphur cap, the compliance question sits at the centre of every fuel oil trade. We supply 0.50% VLSFO and 0.10% distillate grades for use inside and outside emission control areas, and high-sulphur material only where the buyer operates scrubber-fitted tonnage or a compliant shore-based installation.

VLSFO 0.50% (RMG 380) HSFO 380 CST LSMGO DMA 0.10% IFO 180 / 380

Marine fuels — ISO 8217 (indicative)
Property	VLSFO RMG 380 0.50%	HSFO RMG 380	LSMGO DMA
Sulphur, % m/m max	0.50	3.50	0.10
Viscosity at 50 °C, mm²/s max	380	380	6.0 (at 40 °C)
Density at 15 °C, kg/m³ max	991.0	991.0	890.0
Flash point, °C min	60.0	60.0	60.0
Pour point, °C max	30	30	0 (winter −6)
Water, % v/v max	0.50	0.50	Trace
Ash, % m/m max	0.100	0.100	0.010

05 — Heavy ends & specialities

Heavy ends & specialities

Bitumen for road and roofing contractors, base oils for lubricant blenders, vacuum gasoil for conversion units and LPG for domestic and industrial distribution.

Heavy-end trades are logistics-led: bitumen needs heated tonnage and a receiving tank at temperature, base oils need previous-cargo discipline, and LPG needs pressurised or refrigerated capacity. We fix the equipment as part of the offer rather than leaving it to the buyer.

Bitumen 60/70 · 80/100 Base oils SN 150 / 500 / BS 150 Vacuum gasoil LPG — propane & butane

Paving bitumen — EN 12591 (indicative)
Property	Grade 60/70	Grade 80/100	Method
Penetration at 25 °C, 0.1 mm	60 – 70	80 – 100	EN 1426
Softening point, °C	46 – 54	42 – 51	EN 1427
Flash point, °C min	230	230	EN ISO 2592
Solubility, % min	99.0	99.0	EN 12592
Loading temperature, °C	150 – 165	150 – 165	—

06 — Renewable fuels

Renewable fuels

Waste-based feedstock and finished renewable fuels, traded with the certification the European mandate framework requires.

Renewable volumes only have value if the sustainability claim travels with them. We trade against ISCC EU or equivalent voluntary-scheme certification, with proof of sustainability documentation issued for each delivery and the feedstock category stated on the contract.

UCO — used cooking oil UCOME FAME / B100 HVO ISCC EU certified

Renewable streams — indicative specifications
Product	Key parameters	Reference
UCO (feedstock)	FFA 5% max · MIU 2% max · sulphur 20 mg/kg max	Trade terms
UCOME	Ester content 96.5% min · sulphur 10 mg/kg max · CFPP by grade	EN 14214
FAME / B100	Ester content 96.5% min · density 860 – 900 kg/m³ · flash 101 °C min	EN 14214
HVO	Cetane 70 min · density 765 – 800 kg/m³ · sulphur 5 mg/kg max	EN 15940

Delivery

Cargo sizes and delivery terms.

We work in the small- and mid-size cargo market, where flexibility on lot size and berth matters more than headline volume.

Typical parcel sizes
Tonnage class	Indicative parcel
Coaster / small tanker	3,000 – 8,000 MT
Handysize	10,000 – 30,000 MT
MR (Medium Range)	30,000 – 45,000 MT
LR1 / LR2	55,000 – 90,000 MT
Aframax / Suezmax (crude)	80,000 – 140,000 MT

Delivery terms (Incoterms 2020 and marine trade terms)
Term	Applied to
FOB	Seller delivers on board at the load port
CFR / CIF	Seller arranges freight (and insurance) to the discharge port
DES / DAP	Delivered at the discharge port or named place
Ex-tank / in-tank transfer	Title transfer at a storage terminal
Delivered ex-wharf / truck	Inland and bunker supply arrangements

Specifications are indicative. The figures on this page are representative of the grades we trade and are provided to frame a discussion. The specification that governs any cargo is the one recorded in the executed sale contract, verified by the independent inspector appointed for that delivery. Availability varies by market, season and load port.

Tell us the grade, the quantity and the window.

Send the product, volume, delivery basis and laycan and we will respond with an indication and the documentary structure we can work to.

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