// Reference

Fuel trade glossary.

Plain-language definitions for common procedure and documentation terms used in physical fuel discussions.

SCO

Soft Corporate Offer, a document issued by a seller that describes a product, origin, supply and pricing.

Irrevocable Corporate Purchase Order, a formal buyer purchase order used within a transaction procedure.

Client Information Sheet and Know Your Customer documents used to identify a client and company.

Free On Board, a delivery basis where the seller loads goods for shipment and responsibilities shift under the agreed terms.

Cost, Insurance and Freight, a delivery basis where the seller arranges carriage and insurance to the agreed destination.

Confidentiality and fee-protection agreements used in multi-party intermediary transactions.

Proof of Product, documents used to evidence product details and availability at the appropriate stage.

Bank instruments used in international trade for payment assurance or documentary payment.

Ship-to-ship transfer procedures agreed by the relevant counterparties.