Crude Oil

Selling crude oil produced by JV Poltava Petroleum Company at trading platform.

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Dmytro Podolskyi, Contract manager (Sales)


Mandatory Terms of Trading

  1. Bids will be accepted from residents of Ukraine only.
  2. Only those clients who are registered in the trading system ( for crude oil, gas condensate and LPG/autogas; for natural gas) shall be allowed to participate in the trades.
  3. The minimum lot: 57 (fifty seven) MT (rail) and 25 (twenty five) MT (truck) for crude oil; 10 (ten) MT (truck) for LPG/autogas.
  4. The buyer shall have the right to decrease or increase the bidden volume at different rounds. Once the round’s price has been set, the Buyer will not be able to change the volume.
  5. The period of payment for the purchased product shall not exceed 3 (three) banking days including the trading day but may be changed by the Seller.
  6. The shipping schedule shall be based on the receipt of payment following the “first paid, first shipped» principle.
  7. The contract shall be signed in electronic form within 2 business days after the trading day. Should this condition not be observed, it shall be deemed a refusal to buy the product which would result in blocking the Buyer’s account.
  8. The contractual relationship shall be terminated in the event of:
    • overdue/incomplete payment;
    • failure to provide full/timely shipment details;
    • refusal to accept the purchased volume.