Energy Products

Crude, gas and refined products, executed on verified title.

Truvest sources and structures transactions in crude oil, LNG, LPG and refined petroleum products for refiners, distributors, utilities and industrial consumers. Every transaction rests on verified title, independent inspection and sanctions screening.

Crude oil tanker under way at sea
Fig. 01 · Crude oil tanker at seaIllustrative image

01 · Product groups

Six product groups, from crude to derivatives.

Crude oil, refined products, marine fuels, LNG, LPG, and petrochemicals and derivatives. Specifications are listed for orientation and confirmed per contract.

1.1 · Product group

Crude Oil

Fig. 02 · Crude oil tankerIllustration
Table 01 · Crude oil · Scope
ParameterScopeNote
Pricing benchmarksBrent · WTI · Dubai/OmanGrades priced against the agreed benchmark
DensityLight · Medium · HeavyPer contract
SulphurSweet · SourPer contract
Cargo sizesAframax · Suezmax · VLCCBy vessel class
Delivery basisFOB · CIFIncoterms agreed per contract

1.2 · Product group

Refined Products

Refinery process units illuminated at night
Fig. 03 · Refinery at nightIllustrative image
Table 02 · Refined products · Specifications
ProductSpecificationStandard
Diesel10 ppm sulphur (ULSD)EN590
GasoilPer contractPer contract
GasolineRON 91 · RON 95EN 228
Jet fuelJet A-1DEF STAN 91-091 · ASTM D1655
Fuel oilPer contractPer contract

1.3 · Product group

Marine Fuels

Fig. 04 · Bunker delivery alongsideIllustration
Table 03 · Marine fuels · Specifications
ProductSpecificationStandard or use
VLSFOMax. 0.50% sulphurIMO 2020
Marine gasoil and dieselDistillate gradesISO 8217
HSFO380 cStFor scrubber-fitted vessels

1.4 · Product group

LNG

LNG carrier with spherical cargo tanks at sea
Fig. 05 · LNG carrierIllustrative image
Table 04 · LNG · Scope
ParameterScopeNote
Delivery basisFOB · DESCargo basis
VolumesSpot · TermPer contract
DestinationRegasification terminalCoordination with regasification terminals at destination

1.5 · Product group

LPG

Fig. 06 · Pressurised sphere and bullet tankIllustration
Table 05 · LPG · Scope
ParameterScope
ProductsPropane · Butane · Mixes
Cargo typePressurised · Refrigerated

1.6 · Product group

Petrochemicals & Derivatives

Fig. 07 · Bitumen drum and bulk sulphurIllustration
Table 06 · Petrochemicals and derivatives · Specifications
ProductGrades and forms
BitumenPenetration grades 40/50 · 60/70 · 80/100
Polymer-modified bitumenPer contract
SulphurGranular · Lump
Base oilsPer contract

Specifications indicative. Final quality and quantity per contract and independent inspection. Availability subject to origin, sanctions screening and due diligence.

02 · Execution

How an energy transaction is executed.

Seven documented steps, from screening to final reconciliation.

  1. Step 01

    Screening

    KYC, sanctions and origin screening on seller, buyer and vessel.

  2. Step 02

    Title and location

    Verification of title and product location: refinery allocation, tank or vessel.

  3. Step 03

    Contract

    Specifications, quantity tolerance, Incoterms and laytime.

  4. Step 04

    Inspection at loading

    Independent quantity and quality inspection at loading (e.g. SGS, Intertek, Saybolt).

  5. Step 05

    Payment security

    Documentary LC or another bank-backed structure, where appropriate.

  6. Step 06

    Shipping documents

    Bill of lading, certificates of quality, quantity and origin.

  7. Step 07

    Discharge and reconciliation

    Discharge inspection and final reconciliation.

  8. Before step 01

    Evaluating a third-party offer? We verify counterparties, title and documents before you pay.

    Offer verification

03 · Sanctions & origin

Screened for sanctions and origin.

Energy transactions are screened against EU, UK, US and UN sanctions regimes, including origin restrictions and price-cap measures where applicable.

  • Regime 01
    EU

    European Union sanctions

  • Regime 02
    UK

    United Kingdom sanctions

  • Regime 03
    US

    United States sanctions

  • Regime 04
    UN

    United Nations sanctions

Scope of screening: seller, buyer and vessel · origin restrictions · price-cap measures where applicable.

04 · What we declineFraud awareness · Please read

If an offer cannot be verified, we do not proceed.

Our offer verification service is available to buyers evaluating third-party offers.

Offer verification service

Offers and documents we do not act on

  • 01Offers that require upfront fees or "procedures" before verificationDeclined
  • 02Product grades that do not exist (for example "JP54")Declined
  • 03Tank storage receipts or dip tests that the terminal cannot confirmDeclined
  • 04Sellers who cannot evidence title or allocationDeclined
  • 05Bank instruments presented as leasable or tradeableDeclined

05 · Counterparties

Who we supply.

  • 01

    Refiners

  • 02

    Fuel distributors and bunker suppliers

  • 03

    Utilities and power producers

  • 04

    Industrial consumers

  • 05

    Government procurement bodies

Business customers only. All transactions subject to contract, due diligence and compliance screening.

06 · Inquiry

Send an energy inquiry.

Product, specification, quantity and delivery basis are enough to start. Inquiries are reviewed by our transaction desk.

Hours
Monday to Friday, 09:00 to 17:00 CET/CEST

Website information is non-binding. Binding offers require a written agreement.

Energy inquiry formBusiness customers only

AProduct
BDelivery
CContact
Subject to sanctions screening and due diligence.