Phone (405) 231.0918 | Fax (405) 231.2830
Email info@oilti.com | Web www.oilti.com
OIL Traders International, LLC is an Exclusive Representative, and Seller Mandate of Petroleum Products.
Regions of Exclusivity:
Canada | North America | South America | Europe
NEW MEMBER to the Growing OTI Team
OIL Traders International, LLC. would like to introduce the newest member of the OTI Team, Mr. Michael J. Bogart. Mr. Bogart heads up OTI’s Moscow office, and is Executive Vice President of Russian & International Operations.
OIL Traders International, LLC is focused on providing High-Quality Service and Customer satisfaction – we will do everything we can to meet your expectations.
You will be dealing with Real-Time (American) Expectations, and Time Frames, without costly Renegotiations, or Delays with Contacts or POP.
Oil Traders International, LLC purchases its Products Direct from USA, European, and Russian Refineries, or acts as Direct Seller Mandate.
Oil Traders International, LLC also has numerous JV (Joint Ventures) agreements in place with small to medium sized Refineries, and/or bulk Seller’s of Fuel. We are always looking to purchase “REAL FUEL”.
Lyn Anglin & Danny Houck of OTI meet with Counsel General of Russia in Oklahoma City, OK
Buyers, within the United States of America, must have a valid and verifiable IRS 637 Tax I.D. Number to Purchase Product from Oil Traders International, LLC.
All Documentation & Contractual Obligation, or Advisement will happen On-Time, Every-Time, without Delays.
With a variety of Petroleum products to choose from, we’re sure you’ll be happy working with us. Look around our website and if you have any comments or questions, please feel free to contact us.
OIL Traders International, LLC Sells Crude Oil & related products. Please ask if what you are looking for is not on this list:
Iraqi Crude Oil – ILCO
Russian Crude Oil – REBCO
Saudi Light Crude – SLCO
Ultra Light Sulphur Diesel – ULSD
D2- Diesel Gas Oil – Gost 305-82
Jet Fuel – JP54 & Jet A1
Mazut 100
LNG
Note: Special Spec Jet Fuel Blends Avalible Upon Request.
Direct Buyers or their Legal Representatives can contact us to inquire about the above Energy bulk products.
Quantity Available:
we are able to deliver any quantity of bulk product you require worldwide. Please provide ICPO.
Within the USA market place, generally Minimum Quantity is 50,000 MT and/or 50,000 Barrels.
International market place, generally Minimum Quantity is 500,000 MT and/or 500,000 Barrels.
Note: Some exceptions do apply, so do check with us for smaller quantity orders.
Seller’s Procedure:
Please note that we use EDT (Electronic Document Transmissions) over the Internet for all preliminary Documents. Our final document closure mode of practice is purely 100% bank to bank. If you wish to buy our products, please contact us on line or by telephone, and we will be happy to speak with you.
Selling Procedure for LNG, ILCO, REBCO, SLCO, ULSD, D2, JP54 & Mazut 100:
As listed in Buying Procedures below, but reversed. Please contact us buy phone or at info@oilti.com if you have any questions.
Buying Procedure for LNG, ILCO, REBCO, SLCO, ULSD, D2, JP54 & Mazut 100:
The following is the Standard Buying & Selling procedures employed by OIL Traders International, LLC for the Purchase and Sales of Petroleum Products.
Note: Variances are detailed below:
Buying Procedures:
1. Soft Offer is made by seller both formally or informally
2. OTI, LLC issues ICPO directly to Title Holder/Refinery
3. Title Holder/Refinery issues signed/sealed FCO
4. FCO is signed/sealed by OTI, LLC and returned
5. Draft contract is issued by Title Holder/Refinery
6. After amendments and changes are agreed upon, final contract is
issued then signed and sealed by both parties
7. Proof of Funds and Proof of Product are exchanged on a bank-to-
bank basis
8. Title Holder/Refinery issues performance bond to OTI, LLC
9. OTI, LLC issues non-operative RDLC/SBLC to Title Holder/
Refinery
10. Title Holder/Refinery makes performance bond active, which
activates LC
11. Documents for payment are presented to OTI, LLC’s bank for
payment as outlined in LC
12. Product is shipped/title transferred
Variances:
In a case where the contract is on a Spot basis, OTI, LLC shall issue a MT103/23 for payment against the transfer of the verified title. The terms of line 23 of the MT103 shall stipulate the items required to release the funds.
In a term contract where a portion of the amount is immediately available, OTI, LLC shall have the option of payment for the liftable amount, as verified by SGS and tank receipts, via MT103/23, and then place the LC for the subsequent remaining months on the contract.
In refinery transactions there is no requirement for a performance bond.
Russian purchases require the following as proof of product. documents:
1. Uplift or Purchase Contract (Crude oils)
2. Refinery Resources Contract (Gasoil and other refined
products)
3. Transport Contract or Graphic
4. Port Storage Contract or Graphic
5. Port Loading Contract or Graphic
6. Deal Passport from the Exporter of Record’s Russian bank, in
the Exporter of Record’s name
7. Export License issued by the Russian Ministry of Energy
And when they have them-
1. Marche Route Telegram or Graphic (the weigh bill showing
that the crude or product is accepted for transport to the port. This
means that they have paid the export tax and the uplifter or refinery
and the transport company).
2. Port confirmed Laycan, which will only be issued if they have
crude/product in storage or the Marche Route Telegram or Graphic
has been issued.
Note: terms and procedures are subject to change without notice
If you are looking to buy LNG, D2, JP54 or Crude Oil Products, Contact us for more information.
We hope to see you again! Check back later for new updates to our website.
There’s much more to come!