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Energy (Crude Oil)

Energy • HS Code: 2709.00

Compliance Review Required

This commodity is flagged as restricted and requires enhanced compliance screening. Export controls, licensing requirements, and sanctions screening apply. All transactions subject to human review gates before execution.

Description

Crude oil spot and term contracts. Regional benchmarks including Brent, WTI, and Dubai. Trade finance structuring available. Comprehensive regulatory compliance screening for all jurisdictions.

Origins

  • Middle East (Saudi Arabia, UAE, Iraq)
  • North Sea (UK, Norway)
  • Americas (US, Canada, Brazil)
  • West Africa (Nigeria, Angola)

Grades Available

  • Brent Crude
  • WTI (West Texas Intermediate)
  • Dubai Crude
  • Light Sweet
  • Heavy Sour

Incoterms® 2020

FOBCIFDES (Delivered Ex Ship)

Packaging Options

  • Tanker vessel (VLCC, Aframax, Suezmax)

Certifications & Standards

API Gravity certificationSulfur content analysisINTERTANKO member vessels

Commercial Terms (Indicative)

Lead Time

30-60 days (term contracts), 7-14 days (spot)

Minimum Order

500,000 barrels (1 Aframax cargo)

Compliance & Documentation

  • OFAC sanctions screening MANDATORY on all parties and intermediaries
  • Export license required from origin country
  • Import authorization required in destination
  • Enhanced due diligence on shipping, insurance, and payment intermediaries
  • AML/KYC documentation required (beneficial owners, source of funds)
  • Trade finance compliance (UCP 600, ISBP)
  • Insurance (P&I, cargo, political risk)

All transactions screened through TradeComplianceAgent. CRITICAL flags block execution pending human review.

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