Connecting Buyers and Sellers in the Energy Sector
CONNECTING INTERNATIONALLY
At Engage we connect reputable global sellers/suppliers with genuine “end” buyers, with an arrangement in the middle. Once we have certainty on a request/need from a particular buyer, we source it!
FINANCING INTERNATIONALLY
At Engage we connect reputable global sellers/suppliers with genuine “end” buyers, with an arrangement in the middle. Once we have certainty on a request/need from a particular buyer, we source it!
FINANCING INTERNATIONALLY
We organise, through our network of specialist investors / funders and partners, the finance and/or instruments to de-risk fully the transaction for all parties. The value is to support buyers fuel their businesses to scale and suppliers/sellers sell more of their products.
We support UK based exporters, too. All subject to eligibility.
We organise, through our network of specialist investors / funders and partners, the finance and/or instruments to de-risk fully the transaction for all parties. The value is to support buyers fuel their businesses to scale and suppliers/sellers sell more of their products.
We support UK based exporters, too. All subject to eligibility.
Choose Engage for our:
- Industry Expertise.
- Reputable Global Sellers.
- Tailored Solutions.
- Transparent Process.
- Efficiency and Reliability.
- Tailored Solutions.
- Transparent Process.
- Efficiency and Reliability.
- Dedicated Support.
We are committed to providing a great trading experience for all parties involved!
COMPLIANCE & PROCESS
At Engage we take KYC and compliance with global regulations, including AML, very seriously. We work with a global third party verification service provider.
We block and report scammers, we do not share our seller and buyer information without consent of the parties involved and, only then with a signed NCNDA between all parties.
Where we are representing a seller, buyer information must be disclosed before seller’s, and after NCNDA. This is the only way we operate, so please do not ask us for information or a process we won’t support.
OFFER & ACCEPTANCE
Introductory call
We conduct an introductory call where we exchange high level information.
Price and SOP
On receipt of your requirements, we provide a price and SOP.
NCNDA
If you wish to proceed, we execute an NCNDA between us.
DD
You provide information on your buyer, and we complete our DD.
LOI and FCO
On successful DD you provide buyer's LOI and we issue an FCO.
SPA
Seller and Buyer review and sign the contract.
Disclaimer: The process and information above may vary depending up on the seller/supplier.
TRANSACTION PROCEDURE
ICPO, TSA, POF
Buyer provides ICPO, valid TSA, POF.
CI
Seller issues CI, buyer accepts.
SGS
Seller provides SGS < 48hrs old.
TSR
Buyer issues valid TSR.
POP
Seller issues full Proof of Product.
Injection
Seller injects into buyer's tank.
Dip test
Buyer conducts dip test.
Settlement
Buyer pays seller by MT103.
Disclaimer: The process and information above may vary depending up on the seller/supplier.
TRANSACTION PROCEDURE: FOB ROTTERDAM
Tank to Vessel
1. Seller submits to Buyer FCO with full Seller details on Seller's letterhead.
2. Buyer responds with Irrevocable Corporate Purchase Order (lCPO) including copy of their passport (data page), copy of their company registration, company profile/CIS and CPA.
3. Upon acceptance of the lCPO, Seller issues Commercial Invoice Cl for the Trial Quantity for Buyer's review and verification.
4. Upon acceptance of the Cl, Buyer signs and returns Cl.
5. Seller issues following POP documents to Buyer:
A. Product passport.B. Injection report.C. Dip Test Authorization letter (DTA) unconditional.D. TSR (verifiable Tank Storage Receipt).E. Authorization to Sell and to Collect (ATSC) in Buyer's name.F. Certificate of Origin.G. SGS report not older than 48 hours.H. Authorization To Verify (ATV) in Buyer's name.
6. Buyer at his sole discretion and own cost may or may not conduct an additional Dip Test by SGS or equivalent in Seller's Tank, if the Buyer so desires.
7. Upon successful verification and acceptance of Seller's POP documents and Seller's SGS Report or Buyer's own Dip Test, Buyer takes over Seller's tank storage in Rotterdam.
8. Buyer pays by MT103/TT for the product and - if applicable - Seller's tank storage take-over extension.
9. Ownership is exchanged and exported documentation is provided after receipt of funds for the total value of the product.
10. Buyer takes over all down-stream logistics responsibility from here on.
11. Upon successful completion of the sale/purchase of the Trial quantity Buyer and Seller negotiate and sign a long term contract of minimum 12 months duration with possible R&E.
Disclaimer: The process and information above may vary depending up on the seller/supplier.
OTHER STANDARD PROCEDURES
Tank to Tank (TTT):
1. Buyer sends ICPO to Seller with CIS, Passport along with TSA for seller verification and approval.
2. Seller issues commercial invoice CI, for the available quantity to Buyer, Buyer Signs and returns to Seller.
3. Seller issues, (UDTA) Unconditional Dip Test Authorization letter sign by all parties.
4. Upon the signed UDTA by all parties, Seller issues;
* Fresh SGS Report,* Tank receipt,* ATV Physically* Injection Report,* Certificate of Origin,* Product Passport.
5. Buyer order SGS to Conduct Dip test of the product in the Seller Tank at buyer expense upon successful dip test, the Buyer provides vessel details, and the Seller shall immediately submit the (SGS) inspection Report of the fuel injected along with the full Proof of Product (POP) to the Buyer.
6. Seller issues the NCNDA/IMPFA to all intermediaries involved in the transaction and for endorsement.
7. Buyer makes 100% payment by MT103 TT wire transfer for the total product.
Tank to Vessel (TTV):
1. Buyer sends ICPO to Seller with CIS, Passport along with CPA for seller verification and approval.
2. Seller issues commercial invoice CI, for the available quantity to Buyer, Buyer Signs and returns to Seller.
3. Seller issues, (UDTA) Unconditional Dip Test Authorization letter sign by all parties.
4. Upon the signed UDTA by all parties, Seller issues;
* Fresh SGS Report,* Tank receipt,* ATV Physically* Injection Report,* Certificate of Origin,* Product Passport.
5. Buyer order SGS to Conduct Dip test of the product in the Seller Tank at buyer expense upon successful dip test, the Buyer provides vessel details, and the Seller shall immediately submit the (SGS) inspection Report of the fuel injected along with the full Proof of Product (POP) to the Buyer.
6. Seller issues the NCNDA/IMPFA to all intermediaries involved in the transaction and for endorsement.
7. Buyer makes 100% payment by MT103 TT wire transfer for the total product.
Disclaimer: The process and information above may vary depending up on the seller/supplier and the agreed structure of the deal between parties.
PRODUCTS
We engage with buyers and sellers trading in the following commodities.
LPG
or Liquefied Petroleum Gas, is a versatile fuel composed mainly of propane and butane, commonly used for heating, cooking, and powering vehicles in both residential and industrial settings.
JET A1
is a type of aviation fuel used in jet aircraft, known for its high energy content and low freezing point, providing efficient and reliable performance for air travel.
PETCOKE
or Petroleum Coke, is a carbonaceous solid derived from refining crude oil, commonly used as a fuel in cement production and power generation due to its high energy content.
BITUMEN
is a viscous black liquid derived from petroleum, used primarily in road construction and waterproofing applications for its adhesive and waterproofing properties.
LUBRICANTS
are substances used to reduce friction and wear between moving parts in machinery and vehicles, ensuring smooth operation and extending the lifespan of mechanical components.
EN590
is a European standard for diesel fuel that specifies its properties and quality requirements, ensuring compatibility with modern diesel engines and environmental regulations.
CRUDE OIL
is a raw natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, and other petroleum products.
Classifications of products can be sourced, subject to available.
OTHER COMMODITIES
For any other product and commodity types, please send us your detailed request. Steel Rails, Lead, Graphite, and more...
