PETROLEUM PRODUCTS
RV GLOBAL TRADE engages in the sourcing and trading of petroleum products, connecting reliable supply with market requirements through professional business relationships.
Explore EN950 ↓PETROLEUM PRODUCTS
Petroleum products play an important role in supporting industries, transportation and international commerce.
RV GLOBAL TRADE focuses on connecting market requirements with suitable supply opportunities, creating efficient pathways between suppliers and buyers.
Our approach is built around communication, reliability and long-term business relationships.
FEATURED PRODUCT
RV GLOBAL TRADE is engaged in the sourcing and trading of EN950 as part of its petroleum products business.
We work to connect product requirements with appropriate supply channels while maintaining a professional and structured approach to business transactions.
Our focus is on building dependable relationships between suppliers, traders and market participants.
TRANSACTION PROCEDURE
Jurong – RIDEHA
A structured transaction process designed to coordinate documentation, verification, inspection, payment and product transfer between the buyer and seller.
Buyer sends ICPO & CPA, along with POF Swift MT199.
Seller issues the Commercial Invoice (CI) to the Buyer.
Buyer returns the signed Commercial Invoice (CI) to the Seller.
Seller issues a fresh SGS report of less than 48 hours to the Buyer.
Upon successful verification of the SGS report, Seller releases the following PPOP documents:
Buyer verifies and confirms the PPOP documents and orders SGS to conduct a dip test of the product in the Seller's tank(s).
Upon satisfactory results of the dip test, Buyer issues a fresh Q88 to Seller.
Within 24 hours, Buyer pays the total cost of the product via TT / MT103 as agreed.
Seller's storage company issues to the Buyer the Notice of Readiness (NOR) to inject the product into Buyer's vessel.
Buyer makes the vessel available for the injection process to commence as scheduled.
Seller transfers to the Buyer the Title of Ownership Certificate and all other export documents.
Seller pays all intermediaries involved in the transaction and subsequently monthly contract shipment continues as per the terms and conditions of the sales and purchase agreement between Buyer and Seller.
OUR APPROACH
Understanding market requirements, product specifications and business objectives.
Identifying suitable supply opportunities and connecting requirements with relevant sources.
Facilitating business connections and supporting trading relationships between relevant market participants.
Connect with to discuss petroleum products, EN950 and potential business opportunities.
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