Who are we?
About us
CN OIL & GAS stands as a testament to reliability and strategic acumen in the petroleum resale industry. Our mission is to facilitate seamless and secure transactions for high-demand petroleum products across the globe.
We operate as resellers of a comprehensive range of petroleum products, backed by an unparalleled network of suppliers. A critical aspect of our operational capability is our role as a licensed Mandate to a select group of strong and trustworthy refineries situated in Russia, Belarus, Kazakhstan, and Saudi Arabia. This direct channel to origin ensures both quality and consistency in our offerings.
What sets us apart is our unwavering dedication to client satisfaction and transactional integrity. We employ a stringent vetting process for all our END sellers, which is why we can confidently guarantee 100 percent performance in every single transaction. Our history speaks for itself: we have successfully closed many transactions, proving our capability and commitment to delivering on our promises.
We are excited by the prospect of expanding our partnerships. We are confident that we can close some deals with you and your esteemed company, bringing our expertise and reliable supply chain to your operations.
Services
We are Resellers of Petroleum products and also a licensed Mandate to Strong and trustworthy refineries
Fuels for Transportation/Power Generation
Diesel D2, Diesel D6, EN590, JETFUEL A1, JP54, LPG , LNG
Industrial Fuels
MAZUT
LCO
Specialty Products/Byproducts
- BITUMEN
Transaction Procedures
TTO
- VESSEL TO TANK – DELIVERY PROCEDURE (ROTTERDAM PORT, HOUSTON PORT,
JURONG PORT, FUJAIRAH PORT):
1. Upon acceptance of seller’s procedure by mail, buyer issues Purchase
Order (ICPO) and Tank Storage Agreement.
2. Upon acceptance of buyer ICPO/TSA, Seller issues Commercial Invoice
to be signed by seller and buyer.
3. Buyer signs the commercial invoice and returns to seller, the signed
C.I., seller issues the POP Documents as shown below:
-Analysis Test Report
-Ullage Report
-Clean_on_Board (Ocean Bill of Lading)
-Q88
-Export License
-Cargo Manifest
-Certificate of Origin
4. Upon Buyer confirmation of the above POP on the arriving loaded
vessel, buyer provide below Tank details within 3 days to
enable seller commence Injection once the Vessel is moored.
• -TANK RECEIPT valid for 7 days (Minimum)
• -Notice of Readiness issued by Storage Tank Company
• – AUTHORITY LETTER TO VERIFY / INJECT
5. Upon vessel arrival at Buyer’s nominated port, Vessel Captain Shall
Berth the Vessel at the Buyer Tank Terminal for Injection
process to take place, and trans loading/injection commences and upon
completion of Injection into buyers Tank, the SGS
inspectors’ team will be invited for carrying out the DIP TEST Q&Q
6. Upon successful Q&Q including Dip Test, BUYER pays for product by
Wire Transfer / Swift MT-103 into the Seller’s account.
7. Seller transfers the Ownership of the product to buyer and hands over
all documents including Certificate of Origin.
8. Seller Pays commissions to all intermediaries, Both Parties proceed
with the signing for a 12 Months FOB contract upon
completion of the first trial order, payment SBLC + MT 103 for long term
contract.
Transaction Procedures
FOB
PROCEDURE – FOB – JURONG, ROTTERDAM AND FUJAIRAH:
1. Buyer issue ICPO containing the seller’s working procedure and
banking details along with buyer’s nominated TSA, Company registration
certificate and data page of buyer’s Passport.
2. Seller issues commercial invoice of the product in tanks at the port,
buyer sign and return commercial invoice along with an acceptance
letter.
3. Seller verify buyer’s TSA and proceed to pay the Buyer’s Tank Company
for 3 days for the injection process, Buyer pays 3 days and only
after his Tank Farm Company has received the payment from seller
company. Intermediaries Submit NCNDA/IMFPA that has been signed by
the entire intermediaries involved in the transaction for Seller Final
Endorsement.
4. Seller provides buyer with full POP Documents:
A. Fresh SGS Report less than 48 hours
B. Dip Test Authorization-Unconditional Injection Report
C. Tank Storage Receipt with GPS Coordinates
D. Tank Farm Bar-code Information
E. Letter of Commitment to Supply.
F. Registration Certificate & Export License Copy
G. Authority to Sell & Collect (ATSC)
H. Endorsed Injection Schedule by the buyer & buyer Tank Farm
I. ATV – For Physical Verification
J. Irrevocable Commitment to Supply for Spot and 12 Months Contract
K. Injection Schedule signed by Buyer & Buyer’s Tank Farm.
5. Buyer conducts Dip-Test in Seller’s Tank, Via SGS or Equivalent on
Buyer’s Expenses, seller injects the fuel to buyer’s tank and buyer
makes payment based on Q&Q by MT103 WIRE Transfer according to the final
commercial invoice.
6. Seller transfers the title of ownership as per buyer’s instruction,
buyer lifts the product.
7. Seller Pays all intermediaries involved in the transaction and
subsequently monthly contract shipment continues as per terms and
conditions
of the sales and purchase agreement contract between buyer and seller
Transaction Procedures
CIF
CIF TRANSACTION PROCEDURE
1. Buyer issues ICPO with this procedure incorporated on the ICPO along
with Buyer’s company registration
certificate and scanned copy of Buyers international Passport.
2. Seller Issues Sale & Purchase Agreement (SPA), Buyer review, Signs
and return the SPA to Seller within 3 banking days.
3. Seller issues to Buyer via email the following transaction documents:
A: Commitment to supply
B. Statement of product availability
C. Certificate of origin
D. Product passport
E. ATSC
4. Seller makes arrangement for the chartered freight with a renowned
shipping company for the
transportation of the product to buyer designated discharge port, Both
Seller and Buyer sign the Charter
Party Agreement (CPA) together with the shipping company (A three party
CPA) this is applicable only for
1st shipment (Seller & Buyer) Pays CPA cost 50/50 via T/T wire transfer
directly to the shipping company.
Fee would later be refunded/ deducted when Buyer is paying for the total
product cost).
5. After completion of the above, Seller’s bank shall send to buyer’s
bank the original copies of the Full
Proof of Product and Shipping Documents along with the CIQ/ SGS report
at loading port,to be followed by
all export documentations by swift and Express Courier.
6. Vessel arrives buyers’ destination port and buyer conduct inspection
on products Within 5 banking
days, Buyer’s Bank shall issue Confirmed MT760 SBLC, DLC or BG MT760 as
agreed in contract for the face
value of first month trial quantity and for duration of the contract
period in favor of Seller Bank and send
transmitted copy to Seller.
7. Upon confirmation of Buyers payment, Seller pays commission to all
intermediaries.