Every Nordic Core Petroleum transaction follows a disciplined six-step process — from initial client enquiry through to cargo delivery and settlement.
The process begins when a qualified buyer submits a purchase enquiry specifying product grade, volume, delivery port, and pricing preference. Nordic Core Petroleum responds with a binding indicative offer typically within 24 hours.
Nordic Core Petroleum approaches its network of pre-approved refiners, national oil companies, and certified trading counterparties to obtain binding supply offers at the required specification. All suppliers are subject to a documented due diligence framework before inclusion in the approved list.
A sale contract is negotiated and executed with the buyer. Simultaneously, a back-to-back purchase contract is executed with the supplier — locking in the gross margin at deal inception and eliminating open price risk for Nordic Core Petroleum.
Payment instruments are exchanged between all parties in accordance with agreed payment terms. Letters of Credit issued by first-class international banks are the preferred instrument for new counterparties. Established relationships may operate on SBLC or MT103 direct wire transfer terms.
Nordic Core Petroleum arranges vessel charter or slot booking, appoints an independent inspector at load port, and manages all shipping documentation. Marine cargo insurance (Institute Cargo Clauses A) is maintained on every shipment.
Cargo is delivered to the buyer's nominated discharge port. Title to the goods transfers on the agreed Incoterms. Upon presentation of shipping documents, funds are settled and profit is recognised. A post-delivery reconciliation is completed and retained on file.
Margins are earned on the spread between the buy price (indexed to S&P Commodity Insights or Argus Media benchmarks) and the agreed sale price. Nordic Core Petroleum targets the following ranges depending on product, volume, and market.
Standard margin on AGO, gasoline, and VLSFO parcels in competitive, liquid markets.
Enhanced margin achievable on Jet A-1, specialist grades, and emerging market deliveries.
Gross profit range per standard cargo parcel at target margin rates across all product classes.