Product register
Products and terms.
The published register is the full current scope of the trading book.
| Product | Typical grade and specification | Pricing reference | Delivery |
|---|---|---|---|
| Gasoil / Diesel | Ultra-low-sulphur gasoil to EN 590, 10 ppm; 50 ppm and 500 ppm grades on request | Platts Arab Gulf (MOPAG) gasoil assessments | FOB · CFR · CIF |
| Jet fuel | Jet A-1 to ASTM D1655 and DEF STAN 91-091, latest issue | Platts Arab Gulf jet kero assessments | FOB · CFR · CIF |
| Fuel oil | RMG 380 to ISO 8217, 380 cSt at 50 °C; VLSFO, max 0.50% sulphur | Platts Fujairah and Arab Gulf fuel oil assessments | FOB · CFR · CIF |
| Gasoline | 92 and 95 RON unleaded, to the agreed export specification | Platts Arab Gulf gasoline assessments | FOB · CFR · CIF |
| Naphtha | Light virgin naphtha; density and paraffin content per assay | MOPJ-related, C+F Japan basis | FOB · CFR |
| LPG | Propane, butane and mixtures; pressurised or refrigerated per shipment | Saudi CP-related, as agreed | FOB · CFR |
| Bitumen | Penetration grades 60/70 and 80/100; bulk or new steel drums | Negotiated against regional export markers | FOB · CFR · CIF |
| Crude oil | Grade and assay per transaction | Dated Brent or DME Oman related, per grade | FOB · CIF, case by case |
Process
How a trade proceeds.
Enquiry in writing.
Product, quantity, delivery term, discharge range, target laycan and a named receiver.
Counterparty file.
KYC documents are exchanged in both directions. Counterparties are screened before terms are discussed; vessels and cargo provenance are screened at nomination.
Terms.
Quality, quantity tolerance, price reference, laycan and payment instrument are agreed and recorded.
Contract and inspection.
Quantity and quality are determined at the load port by an agreed independent inspector, SGS, Intertek, Bureau Veritas or equivalent, with findings binding both sides.
Performance.
Documents are presented as the contract requires, and the transaction file is retained.
Counterparties
Verification before commercial terms.
New counterparties provide incorporation papers, ownership through to natural persons, authority to contract and, at the instrument stage, evidence of banking arrangements in the counterparty’s own name. Ophir Gate provides the equivalent corporate information.
Pre-contract banking instruments do not replace a counterparty file. Verification and contractual terms come first; instruments follow a signed contract. Enquiries are expected from the buyer or seller rather than a multi-intermediary chain.