Aviation Fuel Product
Aviation fuel, primarily Jet A-1 and JP-54, is a specialized petroleum-based fuel used to power aircraft engines.
Aviation Fuel Product
Aviation fuel, primarily Jet A-1 and JP-54, is a specialized petroleum-based fuel used to power aircraft engines. It is refined to meet stringent international specifications for safety, quality, and performance. Jet A-1, the most widely used grade globally, has a flash point above 38°C and a freezing point below -47°C, ensuring reliability in extreme operating conditions. Aviation fuel is vital to the commercial aviation sector, cargo carriers, and defense operations, making it one of the most traded energy commodities worldwide.
Key features include:
High energy density for efficient combustion
Low freezing point for high-altitude performance
Strict compliance with ASTM D1655 and DEF STAN 91-91 standards
Stable chemical properties for long-term storage
Reliable supply chains and certified refineries ensure uninterrupted global aviation operations.
Commercial Selling and Buying Process
The aviation fuel trading process follows structured international guidelines to ensure transparency, compliance, and security between buyers and sellers. Transactions are typically conducted under contractual documentation, progressing from indicative offers to formal agreements.
SCO (Soft Corporate Offer): Seller issues an initial offer outlining terms, specifications, and pricing.
ICPO (Irrevocable Corporate Purchase Order): Buyer confirms genuine interest and purchasing capability.
FCO (Full Corporate Offer): Seller provides a legally binding offer with finalized terms and conditions.
SPA (Sales and Purchase Agreement): Both parties sign a detailed contract specifying product, quantity, delivery schedule, and payment structure.
Payment Methods: Common instruments include Standby Letters of Credit (SBLC), Documentary Letters of Credit (DLC), Bank Guarantees (BG), or Telegraphic Transfer (TT) payments. All methods must comply with ICC (International Chamber of Commerce) guidelines, ensuring secure settlement and risk mitigation.
This structured process protects both parties, ensures regulatory compliance, and facilitates efficient global fuel trading.