Crude Oil

Crude oil cargoes by grade and origin, for refineries and qualified buyers.

HS 2709.00Per grade & assayLiquid bulk
Overview

What it is and where it goes

Crude oil is supplied by grade and origin, each with its own assay of API gravity, sulphur content and product yield.

Cargoes are offered to refineries and qualified buyers under SPA terms, with independent quantity and quality inspection at loading.

Main applications
RefiningBlending
Specifications

Per grade & assay

ParameterUnitLimit / requirementHPG typicalTest method
API gravity°APIper assay[tbc]ASTM D287 / D1298
Sulphur% massper assay[tbc]ASTM D4294
Pour point°Cper assay[tbc]ASTM D97
Kinematic viscositymm²/sper assay[tbc]ASTM D445
Water & sediment (BS&W)% volper contract[tbc]ASTM D4007
Salt contentPTBper contract[tbc]ASTM D3230

Summary for orientation only. The latest edition of the referenced standard and the specification agreed in the SPA govern.

Packing & delivery

How it ships

Packing

Tanker vessel

Aframax, Suezmax or VLCC
Packing

Loading

Terminal or ship-to-ship, as agreed
Packing

Quantity

Per cargo, tolerance per SPA
Quantity

Minimum quantity

[tbc]
Terms

Incoterms

FOB · CIF · CFR · DAP · EXW, loading ports [to be confirmed]
Quality & documents

Inspected at loading

Every cargo is sampled and tested by an independent inspection company (SGS, Intertek or equivalent) at the port of loading. The buyer receives the following documents:

  • Certificate of Quality (independent)
  • Certificate of Quantity
  • Certificate of Origin
  • Bill of Lading
  • Commercial Invoice
  • Ullage / tank measurement report