Simcol Petroleum Nigeria Limited

Buyer Documentation & Readiness

The following outlines the standard documentation, commercial inputs, and readiness items required to support export-focused refined product transactions.

Note: This checklist is for readiness planning and process alignment only. Requirements may be adjusted by the seller/refinery and the applicable transaction structure.

Corporate / KYB

  • Company profile (brief corporate overview)
  • Certificate of Incorporation / Trade License
  • Memorandum & Articles (or equivalent constitutional documents)
  • Shareholder structure (beneficial ownership disclosure where applicable)
  • Board resolution / authorization for the transaction (where applicable)
  • Registered address + operating address
  • Website (if available) and corporate email domain
  • Sanctions / compliance confirmation (jurisdiction alignment; screening readiness)

KYC / Signatory

  • Authorized signatory passport copy
  • Proof of address (utility bill / bank statement)
  • Signatory authority confirmation (letter / mandate confirmation)
  • Primary transaction and compliance contact details

Commercial Request Inputs

  • Product: Jet A-1 or AGO (WAF spec GO)
  • Quantity (and lifting program if multiple cargoes)
  • Delivery basis: FOB / CIF (as applicable)
  • Target loading window (preferred dates)
  • Destination / discharge port and country
  • End-buyer / end-user details (if applicable)

Banking & Instrument Readiness

  • Issuing bank name + branch (relationship confirmation if requested)
  • Confirmation of bank support for LC / SBLC issuance (if required)
  • Instruments may include: PB (performance bond) / deposit / LC / SBLC (subject to seller/refinery process)
  • Buyer confirms timeline to issue instrument once commercial terms are agreed
  • Company letterhead confirmation of instrument readiness (where applicable)

Export-Focused Mandate

Simcol supports export-focused refined product transactions and maintains a structured, documentation-first engagement process aligned to refinery and institutional trading standards.

Readiness Gates

Commercial discussions typically proceed only once the counterparty’s documentation pack and baseline banking readiness are confirmed. This reduces execution delays and aligns with refinery/seller process discipline.

Secure Handling

Sensitive documents are submitted only after desk approval via a secure, time-limited submission pathway. Do not upload confidential materials via public forms or third-party links unless instructed by the desk.

Process Variability

Specific requirements may vary by refinery, jurisdiction, delivery basis, and transaction size. Final steps are confirmed during refinery engagement and SPA alignment.

Ready to submit a buyer request?

Review the transaction framework or contact the Dubai execution desk.

View FrameworkContact Execution Desk