Diesel Fuel
Diesel fuel, particularly EN 590 (European standard), is a refined petroleum product widely used in transportation, industrial, agricultural, and energy generation sectors.
Diesel Fuel Product and Usage
Diesel fuel, particularly EN 590 (European standard), is a refined petroleum product widely used in transportation, industrial, agricultural, and energy generation sectors. EN 590 specifies the physical and chemical properties of diesel to ensure optimal performance, reduced emissions, and compatibility with modern diesel engines.
Key features of EN 590 diesel fuel include:
Sulfur content limited to 10 ppm (Ultra-Low Sulfur Diesel – ULSD)
High cetane number for efficient combustion
Refined Cathodes (Grade A ~99.9935% Cu):
LME deliverable Cu‑CATH‑1; feedstock for wire rod, tube and strip.
Additives for lubrication and engine protection
Compliance with strict environmental and emission standards
Usage:
Road transport:
Trucks, buses, and passenger cars
Industrial machinery:
Construction and mining equipment
Agricultural:
Tractors and farm machinery
Marine:
Ships and fishing vessels
Power generation:
Backup generators and small-scale plants
As one of the most traded fuel products globally, EN 590 diesel ensures consistent energy supply to critical industries.
Commercial Selling and Buying Process
The global diesel fuel trade follows established international procedures to protect both buyers and sellers, ensuring secure and transparent transactions.
SCO (Soft Corporate Offer): Seller provides an initial indicative offer outlining product specifications, price, and terms.
ICPO (Irrevocable Corporate Purchase Order): Buyer issues a written purchase order confirming intent and financial capacity.
FCO (Full Corporate Offer): Seller issues a binding corporate offer with final terms, delivery schedule, and payment conditions.
SPA (Sales and Purchase Agreement): Both parties sign a legally binding contract covering quantity, quality, delivery logistics, and financial arrangements.
Payment Methods: Internationally accepted methods include Documentary Letter of Credit (DLC), Standby Letter of Credit (SBLC), Bank Guarantee (BG), and Telegraphic Transfer (TT). All instruments must comply with ICC (International Chamber of Commerce) rules to ensure financial security and minimize transaction risk.
This structured approach provides assurance to all parties, aligns with international trade guidelines, and facilitates smooth global diesel fuel transactions.