KNOWLEDGE BANK

  • Ports of the World. Comprehensive database of all ports in the world.

    The importance of seaports and river ports in the global supply chain cannot be overemphasised. Seaports play a key role in the global economy as they are the main nodes in the international trade and logistics network. Various sources estimate that around 80-90 per cent of world trade is carried by water, making port operations

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  • Official state public registers of companies. Partner data verification for successful and safe transactions.

    In the world of business, transparency and reliability of information play a crucial role. This is especially true in the wholesale trade of petroleum products, where every transaction requires thorough verification of counterparties and partners. One of the most effective ways to ensure safety and reliability in business relations is to turn to public registers

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  • POP (Proof Of Product). Basic set of documents for goods in international trade

    In the world of international wholesale trade, including oil and petroleum products, where large volumes of goods are shipped across different countries and continents, ensuring the transparency of the transaction and verifying the authenticity of the goods is a matter of paramount importance. However, there are many fraudsters in the oil trade who seek to

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  • Exchange quotations for crude oil and petroleum products. Main aspects and pricing mechanisms. Platts.

    Petroleum products play a key role in the global economy and their prices are one of the most important factors for many countries and companies. Understanding how crude oil and petroleum products are quoted on exchanges and what factors influence pricing is critical to successfully participating in wholesale international trade. Price formation mechanism The price

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  • Refineries of the World: Comprehensive Database

    In today’s world, petroleum refining plays a key role in the energy infrastructure of many countries, producing a variety of petroleum products needed to support economic activity and day-to-day functioning. Refineries (refineries) are the heart of this industry, processing crude oil into a variety of fuels, lubricants and chemicals. In this article we present an

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  • 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

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  • FOB transaction procedures with petroleum products in key world ports: Rotterdam, Fujairah, Houston.

    International trade in petroleum products is a key element of today’s global economy, driving price trends and providing energy security for countries and regions. In this article, we will focus on FOB (Free On Board) in-port fuel sales and purchases, highlighting the most common procedures associated with these transactions, as well as the risks that

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  • Density of crude oil. The ratio of the mass of crude oil to its volume

    Density is a scalar physical quantity defined as the ratio of the mass of a body to the volume occupied by that body or as the derivative of mass by volume. Translated into ordinary language, it is the weight of oil in one cubic meter. Density is an important indicator of the quality of crude

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  • Transaction procedures in international trade of petroleum products: Key to a successful transaction

    In international transactions for the sale and purchase of petroleum products, a key aspect is the development of a clear and structured transaction procedure. This allows the parties to the transaction to have a clear understanding of the sequence of actions, the responsibilities of each party at each stage and ensures the safety and efficiency

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  • Fighting Fraud in the Petroleum Products Market: Basic Principles and Methods of Checking Counterparties

    The oil products market, where huge sums of money are involved and numerous intermediaries are active, unfortunately attracts not only serious participants, but also fraudsters who are ready to use it for their own benefit. These fraudsters pretending to be buyers, sellers, oil storage facilities or logisticians break the law and cause serious damage to

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