About Us
OIL and GAS TRADING
PRIVATE ASSET ENERGY MANAGEMENT
The Alpha Petroleum platform provides our energy clients the ability to trade Oil and Gas products which require financial instruments. Alpha Petroleum has the ability to leverage our relationships with top tier private equity funds, banking institutions in order to enhance our clients' needs.
OUR NICHE
The Alpha Petroleum platform has taken the first step in closing the gap by utilizing our own capital to function as the seller from the refinery position. We didn't stop there. Our capital market appetite as buyers has no bottom.
We work closely with Qualified Buyers as well as their signatory Mandates or Legal Representatives, worldwide, who meet the financial and compliance criteria required to transact petroleum products.
AVAILABLE PRODUCTS
- Jet Fuel JETA1, Jet Fuel TS-1,JP54
- D6 VIRGIN FUEL OIL
- Diesel D2 Gas Oil GOST 305-82
- Diesel Fuel EN590 (10ppm) USLD
- Diesel Fuel EN590 (50ppm) USLD
- Bitumen
- Mazut M100 GOST 10585-75/99
- Liquefied Natural Gas LNG GOST R 57431-2017
- Liquefied Petroleum Gas LPG GOST R 20448-90
- REBCO GOST 9965-76/REBCO GOST 51858-2002
- ESPO Blend Crude Oil GOST R 51858-2002
- Light Cycle Oil (LCO)
- Gasoline
One of our trade desk executives will collaborate with you on fuel availability and terms so you can quickly determine the best way forward considering your specific requirements.
We welcome the opportunity to put our resources and expertise to work for you.
We offer our 20 plus years of experience to our customers. We have a excellent supply of oil and gas products, marine supplies, barges for sale and storage facilities as well as logistics companies that are on the platform ready to offer their services. Join us!
Thank you for choosing The Alpha Petroleum oil & gas trading platform.
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OUR MARKETS
Alpha Petroleum has priority access to storage facilities, processing stations, ports and customs authorities in most ports around the world.
- Houston, USA, Rotterdam, Singapore and Chinese ports. We offer superb experienced business relationships
- STRATEGIC PARTNERSHIPS
- SHORT / LONG TERM STORAGE FACILITIES
- CERTIFIED BONDED tank farms in Houston and Rotterdam
- Payment Term: MT103, BG or SBLC via MT760 POP: Provided as per documents list in contract
- Inspection by: SGS/CIQ.
- The Alpha Petroleum platform is transparent and guarantees efficient and vetted straight forward business deals
- https://iccwbo.org/chamber-services/
QUALIFIED BROKERS AND FACILITATORS
Brokers and Facilitators are required to conduct proper due diligence of their clients before sharing any client details with us.
We can work with you if:
- You are conversant about the commodity. You can handle information exchange on your own.
- You have performed proper due diligence, ensuring you are bringing forth a bona fide client.
- You are direct with your Principal buyer/seller client.
- You are willing to provide your Principal's details to ensure a proper and efficient closing.
STANDARD CIF TRANSACTION PROCEDURE
- Seller sends official FCO on Official Letterhead (with his company Email Address, Phone & Fax Numbers, Tax Registration Numbers) duly signed and sealed with official stamp incorporating his terms and transaction procedure addressed to "End Buyer Via Alpha Petroleum"
- Buyer issues Irrevocable Corporate Purchase Order “ICPO” with complete banking references, Company Profile (CP), Company Registration, Copy of Buyer's authorized signatory's Passport and RWA Letter signed by two of buyer’s bank officers and issued to seller’s name, which stipulates that Buyer is RWA to issue financial instrument (SBLC) for payment guarantee of goods ordered.
- On receipt of buyer's ICPO and RWA Letter, seller issues (amendable) draft Contract (SPA)and a copy of the Proforma Invoice (PI) in favor of the buyer and NCND/IMFPA completed by Seller's Mandate/Broker.
- Buyer returns to seller the signed and sealed Proforma Invoice and the SPA along with the IMFPA/NCNDA completed and signed by Buyer, Buyer's Facilitator/ Buyer Mandate Group and all Intermediaries.
- Seller issues approved, countersigned and sealed SPA which now incorporates the NCNDA/IMFPA as an Annexure within the SPA document. Both buyer and seller lodge the legalized SPA contracts in their respective Banks.
- Seller issues PPOP, which will consist of the following documents:
- I. Passport product analysis.
- II. Notarized Authorization to Sell (ATS)
- III. Company Registration Certificate.
- IV. Tax Registration Certificate
- V. Notarized Commitment to Supply
- VI. Notarized Statement of availability of Product
- 7. Buyer verifies PPOP and if satisfied with the outcome,
8. Seller issues 2% PB to activate the SBLC/ DLC.
9. Seller provides FULL PROOF OF PRODUCT, which will include:
- Copy of License to export (if applicable)
- Copy of Approval to Export
- Copy of Certificate of Origin
- Copy of Statement of Availability
- Vessel details, IMO Q88
- CPA- Charter Party agreement
- Fresh SGS from vessel at loading port, re-make SGS/CIQ Inspection at discharge port
- DTAOB- Dip Test Authorization on Board Vessel
- ATB- Authority to Board
- B/L cargo manifest
- Certificate of authenticity
- Certificate of quality (Issued by nominated Inspection Agency at the Loading Port)
- Certificate of quantity (Issued by nominated Inspection Agency at the Loading Port)
- Tanker Ullage Receipt
- Ship Master’s Receipt for Sample
- Ship Master's Receipt for Documents
10. Ship arrives at destination port and Q&Q inspection is conducted by nominated inspection agency such as SGS or equivalent others on the goods and checks through the Bill Of Lading (BL) and Commercial Invoice. . Upon satisfactory inspection report, the buyer releases payment via MT103/TT to seller's bank (100% payable for each shipment) within 3 banking days.
11. Documents from shipping on board vessel. (To be issued after loading)
- One Full set of 3/3,Ocean Bill of Lading;
- SGS Q/Q 2/2 at the port of loading;
- Certificate of Origin 1/2;
- Signed commercial invoice based on the delivered quantity and quality onboard vessel;
- Cargo manifest 1 original;
- Captain’s receipt of all documents of the shipped product 1/1.
12. After confirmation of receipt of payment seller shall instruct ship's captain to discharge cargo.
13. Seller sends the title ownership documents to Buyer.
14. Seller Pays all intermediaries’ commissions as per IMFPA within 24 hours of receipt of Payment for shipment from Buyer
TTO TRANSACTION PROCEDURE
- Buyer issues official ICPO.
- Seller issues original MOU.
- Buyer countersign MOU and forward back.
- Upon the receipt of countersign original MOU from the buyer, seller emails to the buyer the listed document issued in the name of the initial buyer as stated below:
- Product Passport (Quantity & Quality Dip Test Analysis Report)
- Certificate of Origin
- Bill of Lading
- Tanker Vessel Q88 Document
- ETA (Estimated Time of Arrival) Of Vessel
- Vessel (NOR) Notice of Readiness
- Ullage Report
- Cargo Manifest
- Invoice for title takeover transfer guarantee securement of product
- Upon the receipt of the documents, the buyer verifies the availability of the product on High sea and make 5% payment within 48 hours for the title takeover transfer guarantee Securement of product onboard vessel.
- Upon seller receipt of the title takeover payment, seller orders for re-rout to buyer’s Desired port, transfers the title take over to the potential buyer’s company’s name and Also re-issue all other outstanding documents to the potential buyer’s company’s name, such as;
- (a) Approval Export License certificate,
- (b) Authorization to board the vessel (ATB)
- (c) Dip test authorization (DTA)
- (d) Authorization to Sell and Collect (ATSC)
- (e) Title Transfer Ownership Certificate (TTOC) (f) NS Code Number
- (g) Letter of Entrustment
- After vessel arrives the discharge port and buyer carry’s out the CIQ/SGS inspection and Upon a successful inspection, buyer pays by MT103 T/T for the full product.
- Seller pays commission to Brokers/intermediary as per signed NCNDA/IMFPA within 48hrs. After Buyer payment for full product has been confirmation by seller, and seller Commences the subsequent monthly shipments if buyer intends to continue contract.
TANK STORAGE
Alpha Petroleum does not provide direct storage services to clients. We provide the client a vetted Oil Terminal based on availability of a storage facility. In case you want to apply for a storage facility, please contact us.
FOB PROCEDURE FOR TRANSACTION
PROCEDURE 1
1. The Buyer issues an official ICPO containing the Seller's procedure with banking details with TSA and Company Certificate of Incorporation.
2. The refinery verifies the buyer's ICPO with Company profile and issues Sales and Purchase Agreement and Seller issues a Commercial Invoice of the product in tanks at the port, the buyer and the buyer's tank farm Company sign and return Corporate Invoice(CI) to the Seller.
3. The Seller issues the below documents to the buyer's secured email for verification.
- A. GPS Coordinate- Tank Storage Receipt (TSR)
- B. Injection Report
- C. Dip Test Authorization Letter (DTA)
- D. Authorization to Sell and Collect
- E. SGS Report
- F . Authorization to verify the product in the Seller's tank (ATV)
4. The buyer inspects by SGS on the buyer's expenses and sends to the Seller TSR after Receipt of successful Dip Test report is received.
5. Seller issues the following documents to all Intermediaries and the Buyer endorsed NCNDA/IMFPA.
6. Upon successful Dip Test in tanks, product will immediately be injected into buyer's Tanks.
7. The Buyer makes Payment for the product via MT103 in exchange for title.
PROCEDURE 2
- The buyer will need to submit an ICPO with a Notice of Readiness (NOR) from their tank farm or ship, along with the relevant documents and forms that will be sent to the Buyer. Once terms represented therein are accepted by the Buyer, pricing discounts will be offered.
- NOTE: No NOR, No deal. This is a very strict policy instituted by the refineries and must be adhered to.
- The procedures are as follows:
- 1) Buyer tenders ICPO (with passport & CP) and POF & NOR to Seller
- 2) Seller responds with Confirmation Letter of fuel availability;
- 3) Seller issues a Joint Participation Agreement (JPA);
- 4) Upon receipt of signed JPA, Seller issues CI;
- 5) Upon receipt of signed CI, Seller issues DTA;
- 6) Upon Buyer’s receipt of successful SGS report, Seller arranges fuel transfer to Buyer’s tanks;
- 7) Upon Buyer confirming complete transfer of fuel, Buyer pays for fuel and Seller issues POP & other relative Title docs.
PROCEDURE 3
- FOB (ROTTERDAM & HOUSTON)
- TERMS AND PROCEDURES / NON NEGOTIABLE
- 1. Buyer issues ICPO + C/P + POF + Buyer's Passport Copy for Data File (OR) Company License.
- 2. Seller issues commercial invoice (CI) along with POP documents listed below to the Buyer who returns signed and
- sealed Commercial Invoice (CI) to the seller.
- TSR (Tank Storage Receipt)
- Injection Report
- Unconditional Dip-Test Authorization
- Letter of Acknowledgement
- Dip-Test Inspection Schedule
- ATV (Authorization to verify)
- 3. Buyer Dip-tests in Seller's tank using SGS (or equivalent) and receives fresh Q&Q Report along with ATSC (Authorization To Sell and Collect).
- 4. Within 72 Hours, Buyer provides TSR or Vessel storage for Injection of product into the Buyers hired tanks or vessel and returns the NCND/IMFPA signed by all parties involved in the buyer's side to the seller.
- 5. Buyer pays total cost of product via SWIFT MT103.
- 6. Seller confirms Buyer's payment receipt, completes injection into buyer's storage tanks/vessel,
- 7 Both parties release payment to all intermediaries on each side Involved in the transaction.
- 8. Contract begins with Rolls and Extensions.
PROCEDURE-4 :
- 1. Buyer issues LOI with complete purchase requirement, and KYC + CP
- 2. Seller issues SCO
- 3. Buyer issues Irrevocable Corporate Purchase Order (ICPO) accepting seller's price, terms and procedures along with signed RWA /BCL from his bank evidencing availability of funds to transact, and valid TSA/CPA
- 4. Seller issues draft of Sale and Purchase Agreement (SPA) contract along with Commercial Invoice. Buyer signs SPA and returns to seller along with verifiable storage tank coordinates. Seller verifies and approves Buyer’s tank farm coordinates, (TSA).
- 5. Seller provides following Partial Proof Of Product (PPOP) documents via Email or Fax to Buyer.
- A. Authorization/Authority to Sell (ATS)
- B. Product Quality Passport (Dip Test result of Product)
- C. Letter of Commitment to Supply
- D. Statement of Product Availability
- E. Reservoir Storage Receipt.
- F. Allocation Transaction Passport Code Certificate
- 6. Within 3 days upon the receipt & verification of the above PPOP documents, Buyer provides verifiable Tank Storage Receipt (TSR), Authorization to Inject (ATI) at the Loading port with injection permit. Buyer issues SBLC via SWIFT MT760 to seller's bank.
- 7. Seller issues 2% Performance Guarantee to Buyer
- 8. All parties sign NCNDA/IMFPA.
- 9. Seller issues (DTA) Dip Test Authorization for Q&Q along with complete Fuel Injection Report from the Pipeline/ Transportation Company.
- 10. Upon satisfactory Q&Q/Dip Test Inspection carried out by either SGS or similar inspection agency, Buyer releases full cost of the liftable product via MT103 TT wire transfer to Seller’s nominated Account within 72 hours and injection to buyer's tanks commences.
- 11. Seller issues the Title Transfer of Product Ownership / Certificate of Ownership to buyer’s company along with all necessary Export Documents.
- 12. Seller pays all intermediaries involved in the transaction as per IMFPA/NCNDA.
CIF Procedure Requirements
We comply with supplier Cost of Insurance and Freight (CIF) procedures that meet the following conditions:
• Cash payment is only made against delivered products. Any procedure requiring payment before such time is not acceptable;
• Letters of Intent (LOI) and Corporate Profile (CP) are provided upon request. Proof of Funds (POF) is only issued to verifiable title-holding suppliers or their Authority to Sell and Collect (ATSC) holders;
• Letters of credit are only issued upon our receipt of, and due diligence on, Partial Proof of Product (PPOP) documents. Any Irrevocable Corporate Purchase Order (ICPO), Sales and Purchase Agreement (SPA) or Commercial Invoice (CI) issued or signed by us before such documents and due diligence will be contingent upon such. Form of PPOP is flexible as long as proper due diligence can be conducted;
• A term shall be added to SPA stipulating instrument revocation in case of supplier non-performance. This is in addition to the customary Performance Bond (PB) required.
BUYER MUST PROVE HIS ABILITY TO RECEIVE, STORE / TRANSPORT CARGO
If you require assistance with either of these services feel free to contact us.
Dip and Pay Procedure
- Requirements For jet and vessel (D6) fuels traded at ports of Rotterdam, Houston or Singapore, using “Dip and Pay”:
• Cash payment is only made against delivered products. Any procedure requiring payment before such time is not acceptable;
• LOI and CP are provided upon request. POF is only issued to verifiable titleholding suppliers or their ATSC holders;
• Any ICPO, SPA or CI issued or signed before due diligence on PPOP will be contingent upon such due diligence;
• Tank Storage Agreement (TSA) will only be presented for after our due diligence on the following (minimum) set of PPOP documents:
- Certificate of Origin;
- ATSC;
- Seller Tank Storage Receipt (TSR) for products in tank or Bill of Lading for products in vessel;
- Injection Report for products in Seller tank or Injection Report at loading port for products in Seller vessel, with Product Passport (fresh SGS);
- Charter Party Agreement for products in Seller vessel.
• TSR will only be presented after successful SGS in supplier tank or vessel.
Vetting 101: SELLER / BUYER
SELLER ELIGIBILITY:
All Seller Applicants must meet the following criteria:
To be a Qualified Seller on this private trading platform, the following are mandatory:
- KYC, Seller must be the Title Holder and must unconditionally provide proof of title holding/allocation
- Seller must submit their Corporate and Tax registration details
- Seller must submit his Transaction Terms beforehand.
- Seller must submit verified Technical Specification of the product(s) it intends to sell. Verification agency must be a neutral inspection agency of International repute
- Seller must have an official website detailing Corporate information and activities. Email addresses with public domain servers are not accepted.
- Seller must provide sufficient proof of successful past transaction(s) in the oil & gas sector.
All Buyer Applicants must meet the following criteria:
- KYC, proven multi-year track record in oil & gas commodity trading.
- A proven ability to receive and transport the product upon delivery. (TSA / TSR)
- Sufficient available capital, or credit line (financial instrument), to purchase the product.
- Banking at a reputable and acceptable tiered bank.
- Possession of import or trading licenses to receive or transport the product in/through/to any country or territory wherever required.
- In good standing.
- Not selling the product to any party residing in, liaised with, or transporting to a location in a country or territory under trade embargo by the United States of America, European Union, Hong Kong S.A.R. or the United Nations.
- All buyers agree to pay Alpha Petroleum 50% of the commissions on the Buyer's side.
Our Mission
At Alpha Petroleum, our mission is to provide reliable and affordable fuel oil products to our customers. We are committed to meeting the needs of our customers while maintaining the highest standards of safety and environmental responsibility.
TERMS OF USE
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Access to information on the site (www.alphapetroleumcorp.com) does not in any manner constitute an offer to sell or a solicitation of any offer to buy any of the securities. - The information on this site is not and is under no circumstances be construed as, an advertisement or a public offering of the securities of ALPHA PETROLEUM Trading or any other security that may be described herein.
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