Trading Procedures
Our partners' preferred transaction procedures ensure security, transparency, and efficiency in every trade.
TTT
Tank-to-TankA procedure where ownership of the product is transferred from the seller's storage tank to the buyer's storage tank. This typically occurs within the same storage facility or port, offering a secure and verifiable method of transfer.
VTT
Vessel-to-TankThis procedure involves the transfer of product directly from a vessel (ship) into a storage tank. It is commonly used when the buyer has secured shore tank storage at the discharge port.
CIF
Cost, Insurance, FreightA trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. The seller pays for the costs, insurance, and freight.
Need More Details?
These are our preferred standard operating procedures. For full details on our transaction workflows or to discuss specific requirements, please contact us directly.