We track product tankers across 13 Southern African ports every day. When a parcel sits longer than it should, we find the owner — and the licensed buyer who fits it.
The fuel desk
The long-tail of the cargo market: 10,000–60,000 MT parcels of EN590 diesel, jet fuel, gasoil and fuel oil in secondary ports — Durban, Richards Bay, Walvis Bay, Beira, Maputo, Nacala and the rest of the SADC coastline. The lots the majors' desks don't watch.
Demurrage running, discharge port defaulted, charter fallen through. We approach you through the proper channels (port agent → principal), and bring a buying desk that fits your parcel — with the document chain ready: NCNDA, FCO, IMFPA.
State importers, terminal operators, distributors: we flag parcels that match your ports, specs and volumes before the wider market sees them. Every parcel comes named: vessel, IMO, live position, owner of record, SGS at discharge at your option.
| Step | What happens | Whose obligation |
|---|---|---|
| 01 Verify | Vessel named by IMO + MMSI; position confirmed on live AIS; owner of record confirmed in the shipping registers | Meridian, before any introduction |
| 02 Protect | NCNDA signed by all parties; IMFPA filed so the commission chain is agreed in writing up front | Both sides, day one |
| 03 Offer | Owner issues FCO: product, quantity, spec, price basis, laycan, discharge port. 48-hour validity | Owner, via our introduction |
| 04 Commit | Buyer issues ICPO/LOI on company letterhead; SPA drafted and executed | Buyer |
| 05 Pay | SBLC, MT103 or independent-law-firm escrow — release against SGS Q&Q + full title documents | Buyer's bank |
| 06 Close | Discharge, SGS pass, funds release, IMFPA chain settles within 48 hours of seller payment | Everyone — cleanly |
Full document templates — NCNDA, FCO, LOI, IMFPA, SGS request — available on request to verified counterparties.
Stated up front so a first conversation can be short. If a proposal cannot meet these, we will say so in the first call rather than the third week.
Distressed and slow-moving parcels trade a few dollars under Platts, not twenty per cent under it. We do not quote or chase double-digit discounts, and an offer built on one does not reach a buyer through us.
We follow the ICC-recognised sequence: a real payment commitment exists, and title documents are presented against it. Proof of product demanded before any instrument exists inverts that, and we do not work that way round.
One each side, and the principal reachable throughout. A chain deeper than that cannot be papered honestly, and the commission at the end of it cannot be defended.
No registration costs, bonds or success deposits change hands before a deal exists. Our commission is agreed in writing under IMFPA and paid by the principal on completion.
Coverage
Live AIS monitoring across the SADC coastline: Durban · Richards Bay · Cape Town · Saldanha · Port Elizabeth · Coega/Ngqura · East London · Walvis Bay · Lüderitz · Maputo · Beira · Nacala · Dar es Salaam
Port agents of record on file for every port — the proper channel to every owner.
Buyers: see the parcels that fit your book before the market does. One email starts either conversation.
info@meridianpetroleumgroup.com