WANTED: West Texas Intermediate Crude Oil
Buy Requirement Specifications & Trade Terms
A buyer from United States is looking for wholesale west texas intermediate crude oil. Quantity required: 1000000 Barrel/Barrels. Shipping terms: CIF Or FOB. Payment terms: L/C Or T/T. Review the full specifications and submit your competitive quote.
Shipping Terms & Destination Port
The buyer requires CIF Or FOB shipping terms. Exporters from any country capable of shipping to United States are encouraged to submit their best FOB or CIF pricing.
Submit Your Quotation
Verified suppliers can submit their wholesale quotation including FOB pricing, MOQ, production capacity, and shipping terms. Click "Submit Quotation" to respond directly to this west texas intermediate crude oil requirement.
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1,000,000 Barrels of West Texas Intermediate Crude Oil Required by a Verified Buyer in the United States
A verified buyer in the United States is sourcing west texas intermediate crude oil, indicating a volume of 1,000,000 Barrels. The buyer has specified CIF Or FOB shipping, with settlement by an irrevocable letter of credit, so responding sellers should be positioned to perform on a seaborne cargo rather than a small parcel. The buyer's own note adds: "Qty: 1M Bbls; 2m Bbls*12 Months". Suppliers preparing an offer should be ready to evidence west texas intermediate crude oil on a current certificate of quality, covering for crude grades, API gravity, sulphur content, BS&W, pour point and density; for refined products such as gasoil or jet fuel, the sulphur grade, cetane number, flash point and density, reported against the usual ASTM or ISO test methods. At first contact, proof of product, a verifiable allocation, and a clear statement of available volume count for more than headline price. Quality and quantity are normally established by an independent inspector such as SGS, Saybolt or Intertek, with sampling and a dip test at the load port and re-inspection at the discharge port. West texas intermediate crude oil moves as bulk liquid cargo, so the offer should name the load port, the nominated vessel or laycan window, and the volume that can genuinely be lifted, rather than any packaging or container detail. Trade terms most often negotiated are FOB at the load port and CIF or CFR to the discharge port; under CIF the seller arranges the vessel and marine insurance through to discharge. Quote Incoterms 2020 explicitly so risk transfer is unambiguous. Payment on cargoes of this size is usually an irrevocable documentary letter of credit at sight or a standby letter of credit confirmed bank to bank, which matches the instrument this buyer has specified. A complete first response covers grade compliance against the buyer's note, a delivered price tied to a recognised benchmark with a clear validity window, proof of product, the load port and laycan, the inspection regime, and the bank instrument the offer can perform against.
Frequently Asked Questions About West Texas Intermediate Crude Oil Buy Leads
How much west texas intermediate crude oil is this buyer looking to source?
The buyer has indicated a requirement of 1,000,000 Barrels. Confirm your available volume against it, state your MOQ if it sits below this figure, and give the production or shipment schedule you can hold to.
What shipping and payment terms did this buyer specify?
The buyer has specified CIF Or FOB shipping and settlement by an irrevocable letter of credit. Quote your price on those Incoterms and set out the documents you can present against an irrevocable letter of credit.
What west texas intermediate crude oil specification has this buyer outlined?
The buyer's own note adds: "Qty: 1M Bbls; 2m Bbls*12 Months". Match your certificate of quality and supporting documents to these points in the first response, and flag any deviation from the buyer's stated requirement up front rather than after a sample.
Is this west texas intermediate crude oil requirement still open?
This buy lead is now marked closed and is no longer accepting quotations. It was posted on May 29, 2025. Requirements that pass six months without activity are automatically marked closed, so the most recently posted leads are the most likely to convert.
How do I submit a quotation on this west texas intermediate crude oil requirement?
This requirement is closed, so it is no longer taking quotations. Use the similar active buy leads listed on this page to reach buyers with live demand for west texas intermediate crude oil, and post or follow your own requirement to be matched with new leads.
What HS code applies to west texas intermediate crude oil?
Wholesale west texas intermediate crude oil is classified under a specific HS heading that sets the duty and documentary regime in the destination market. Confirm the exact ten-digit national tariff line with a licensed customs broker before shipment, and keep that code identical across the commercial invoice, packing list, and certificate of origin so the consignment clears in one pass.
Which Incoterms and payment methods are standard in west texas intermediate crude oil trade?
Bulk west texas intermediate crude oil usually moves FOB at the load port or CIF and CFR to the discharge port, quoted on Incoterms 2020 to fix the point of risk transfer. Payment is commonly an irrevocable letter of credit at sight, a telegraphic transfer with a partial advance against shipping documents, or platform-mediated escrow on a first order.
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