Bazco Petroleum is an independent physical trading company connecting verified sellers and buyers of refined petroleum products across the world's key energy hubs.
We source, structure and deliver cargoes of refined products for distributors, industrial consumers, aviation fuel suppliers and trading houses. Every transaction is built on documented product, verified title and independent inspection.
By combining market knowledge with disciplined procedures, we help our counterparties move product efficiently, securely and on schedule.
How we operateVolumes, origin, pricing basis and delivery terms are agreed per transaction. Specifications are confirmed by the seller's certificate of quality and independent inspection.
Ultra-low sulphur diesel meeting the European EN590 standard, supplied to distributors and industrial consumers for road transport, agriculture and power.
Kerosene-type aviation turbine fuel for airlines, cargo operators, airport fuel suppliers and distributors, delivered in line with international aviation specifications.
Heavy fuel oil for power generation, industrial boilers, refinery feedstock and marine applications, available in large parcels.
Gasoline, LPG, bitumen and marine fuels can be sourced on request.
A documented sequence agreed in writing. Nothing advances until the previous step has been verified.
Product, volume, destination and preferred delivery terms.
Corporate documents, beneficial ownership and sanctions checks.
Commercial terms agreed and SPA executed between principals.
Terminal documents and SGS or Intertek quality & quantity inspection.
Transfer of title and payment against verified documents.
As a buyer, we are ready to move fast, but only against product that has been proven to exist. Once the product is independently verified in the seller's tank, we pay for the full cargo on the same day.
Until that moment, we do not send money of any kind: no advance payments, no Tank Storage Receipt (TSR) fees and no other seller-side costs.
We never pay deposits, commitment fees or partial payments to receive offers, documents or allocations.
We do not pay TSR fees, tank storage, injection, legalization or any other seller-side cost before the product has been verified.
Once Q&Q is confirmed by SGS or Intertek and accepted, payment for the total cargo is sent the same day by MT103/TT against title.
We work under two preferred FOB procedures. In both, the payment step comes only after the product has been physically verified.
Download both procedures (PDF)Seller issues the FCO to the buyer.
Buyer issues its Irrevocable Corporate Purchase Order.
Seller issues the CI; buyer signs and returns it.
Seller provides the full proof-of-product package listed alongside, including a fresh SGS report and the Unconditional Dip Test Authorization.
Buyer performs Q&Q through its own inspector using the seller's UDTA. No payment or fee is required to access the tank.
Once the documents and inspection are verified and accepted, the buyer pays for the total cargo by MT103/TT against product title. Funds are released to the seller's bank account by the buyer's attorney.
First and only paymentBuyer arranges logistics at closing and the seller injects the product out.
Seller provides the SPA for the term contract after the trial lift.
Buyer issues the ICPO together with its company registration certificate and the passport data page of its signatory.
Seller issues the CI; buyer signs and returns it.
Seller issues a UDTA valid for at least 3 business days, giving the buyer or its appointed inspector full access to dip test the product in the seller's tanks, with no financial obligation or payment required.
Seller issues the POP documents listed alongside.
Once quality and quantity are performed and accepted, the buyer pays for the total value of the product, based on the Q&Q report, by MT103/TT against title. Funds are released to the seller's bank account by the buyer's attorney.
First and only paymentBuyer arranges logistics at closing and the seller injects the product out.
Seller provides the SPA for the term contract after the trial lift.
We work with storage terminals, inspection companies and counterparties at the main refined-products hubs in the Americas, Europe, the Middle East and Asia.
US Gulf Coast · Americas supply
ARA region · Northwest Europe
Middle East · storage & bunkering
Jurong · Asia-Pacific
We operate with the discipline that banks, refiners and terminals expect, and we decline business that does not meet our standards.
Full corporate KYC and beneficial-ownership verification before any offer is released.
Parties, vessels and origins screened against international sanctions lists.
Quality and quantity confirmed by SGS or Intertek at load and discharge.
We pay no advances, TSR fees or seller costs before product is verified, and we request none.
The physical petroleum market rewards speed, but it punishes shortcuts. Bazco Petroleum was founded to work the other way: we only advance a transaction once supply, title and counterparties have been checked.
Share your requirement and our trading desk will reply with next steps. Please use a corporate email address; inquiries from verified companies are prioritized.