Buy Fuel Oil – Guide to Find Genuine Suppliers

Buy Fuel Oil – Guide to Find Genuine Suppliers

Russia is the leading producer of fuel oil. They produce more than they can consume, unlike USA that does not produce enough to cater for all consumers. There are a lot of refineries in Russia which can supply up to a million metric tons of fuel oil monthly. A few of the notable suppliers of oil in Russia which can deliver are Lukoil, Bulgarneft, Bashneft, Surgutneftegas, Rosneft etc. These are the best companies to buy fuel from.

You can also find suppliers at business to business sites like alibaba, spaintraders, tradekeys, ecplaza. These suppliers are not end sellers, but they are intermediary brokers claiming to be end sellers. I will not say that there are no genuine sellers at these sites. The problem is the ability to find genuine offers. Most soft offers you will find at business to business sites are bogus. If you do not take time, your buyer will be ripped off and you will lose your reputation. The problem these intermediary suppliers found at business to business sites is the upfront payment which majority of them ask for, especially from Russian intermediary traders. They either ask you for payment to get allocation from one institution or the other to legalize the contract.

If you are a really a crude oil buyer and not a timewaster, the best you should do is to work with notable crude oil traders like Bulgarneft, Lukoil etc. Bulgarneft does not have an official online site so you should be careful when you trade. The first thing is to find a reliable contact with Lukoil, Bulgarneft, and issue ICPO. When you get their full corporate offer, verify any suspicious stuff you see on it before going head to sign it. If you are not confident that it is a genuine offer, I suggest verifying it through a legal department which is an expert in determining authentic documents.

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Once its authenticity has been determined, the next step is to move forward to sign the FCO, contract and other procedure in the SPA follows. It is clear that it is hard to establish a contact with Lukoil online. You can do so with a registered company which works with genuine contact, so you will know where to go when anything goes round unlike dealing with individuals at business to business sites with no way to trace them if something fraudulent goes wrong.