ABITECH Brokerage Terms & Commission Protection

These standard terms govern the introduction and contract-administration services ABITECH provides between bulk petroleum buyers and seller-side allocation. They are incorporated by reference into the Master Fee Protection Agreement signed before any Soft Corporate Offer is released.

1. Role of ABITECH

ABITECH acts as an independent introducer and contract administrator. ABITECH does not take title to product, does not handle goods or vessels, does not act as agent for buyer or seller, and does not warrant supplier or buyer performance. The signed Sale and Purchase Agreement governs the principal relationship.

2. Buyer-side fees

Buyer pays no introduction or brokerage fee to ABITECH at any stage. Buyer is responsible for its own legal, banking, inspection, freight, customs, insurance and discharge costs.

3. Seller-side commission

Seller pays a commission per metric tonne lifted under each signed SPA, payable from seller proceeds upon documentary completion of each lifting. The commission rate is fixed in writing in the Master Fee Protection Agreement before any SCO is released and remains valid for the life of the buyer-seller relationship plus the standard NCNDA tail.

4. Non-circumvention & non-disclosure

A mutual NCNDA based on the ICC ICC publication 619 form is signed at Stage 2 of engagement and remains in force for five years from the date of signature. Direct contact between buyer and seller introduced by ABITECH outside the channel established under the NCNDA is a circumvention event and triggers liquidated damages equal to the contract value of all bypassed liftings, recoverable in arbitration.

5. Sanctions, origin & compliance

Buyer is solely responsible for sanctions, trade and import compliance in its jurisdiction of incorporation, jurisdiction of payment, jurisdiction of the carrying vessel and jurisdiction of final discharge. Origin certificates are issued by the loading refinery for every shipment. ABITECH reserves the right to terminate engagement at any stage without compensation if information provided by buyer is found to be materially inaccurate, if a sanctions match emerges, or if the engagement otherwise becomes incompatible with ABITECH's compliance posture.

6. Pricing

All published indicative pricing is for orientation only. Final commercial pricing under any SPA is Platts-indexed against the relevant published assessment on the day of bill-of-lading, plus or minus a fixed differential per metric tonne. Fixed-price multi-month contracts on bulk volumes are not offered.

7. Governing law & arbitration

These terms and the related Master Fee Protection Agreement are governed by English law. Disputes are resolved by ICC arbitration in Istanbul under the ICC Rules in force at the time, in the English language.

8. Counterparty due diligence

Buyer is encouraged to read the independent ABITECH Petroleum & Energy Intelligence brief, particularly the fifteen-point due-diligence framework and documented scam-pattern indicators. Soft Corporate Offers that contain large percentage discounts off Platts, mandate-letter chains exceeding two intermediaries, refusal to disclose loading refinery, or pre-NDA fee demands are inconsistent with ABITECH practice and should be treated as warning signs.

Version 1.0 · Last revised 7 May 2026 · Subject to revision without notice.