HOW WE WORK

Compliance and Commercial

Transaction Framework

Singasari Petroleum executes transactions within a structured commercial framework. Each transaction is preceded by counterparty verification, followed by negotiation and execution of a Sales and Purchase Agreement (SPA). Delivery terms, inspection protocols, and payment instruments are defined on a transaction-specific basis and governed strictly by executed contractual documentation.

Compliance Approach

Singasari Petroleum applies a risk-based compliance framework incorporating counterparty due diligence, sanctions screening, contractual discipline, and ongoing transaction monitoring. Transactions that do not meet internal compliance requirements may be declined or suspended.

Compliance Policies

Singasari Petroleum applies risk-based AML / KYC and anti-bribery frameworks aligned with international best practices.

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AML / KYC Policy
Anti-Bribery & Anti-Corruption Policy

Disclamer: These documents are provided for reference purposes only and do not constitute contractual representations.

Legal and Compliance

1. Legal Status
Singasari Petroleum Pte Ltd is a company incorporated in Singapore under UEN 202511649W. The Company’s registration is publicly verifiable through the Accounting and Corporate Regulatory Authority (ACRA) of Singapore.
2. AML / KYC summary : Anti-Money Laundering (AML) & Know-Your-Counterparty (KYC)
Singasari Petroleum applies a risk-based AML and KYC framework designed to prevent money laundering, terrorist financing, and other financial crimes. Counterparties are subject to identification, verification, and screening procedures prior to and during transactions. The Company reserves the right to decline or suspend any transaction that does not meet its internal compliance standards.
3. Anti-Bribery summary : Anti-Bribery & Anti-Corruption
Singasari Petroleum maintains a zero-tolerance approach toward bribery, corruption, facilitation payments, and improper inducements. The policy applies to all directors, officers, employees, agents, and intermediaries acting on behalf of the Company and is aligned with internationally recognized standards, including the UK Bribery Act and the U.S. Foreign Corrupt Practices Act (FCPA).
4. Risk Disclosure
Trading in energy commodities involves inherent commercial, operational, regulatory, and market risks, including price volatility, logistics constraints, force majeure events, and counterparty risk. All transactions are undertaken solely on the basis of executed contractual documentation, and no representations or obligations arise outside such agreements.
5. Privacy Policy
Singasari Petroleum Pte Ltd respects the privacy of users who visit its website. The Company may collect limited personal information voluntarily provided through contact forms or email correspondence. Personal data is used solely for legitimate business communication and is not sold or disclosed to third parties except where required by law or regulatory authorities. Reasonable measures are taken to protect personal data against unauthorized access. Users may contact the Company to request access to or correction of their personal information.
6. Terms of Use
This website is provided for general informational purposes only and does not constitute an offer, solicitation, or recommendation to enter into any transaction. All information is provided “as is” without warranties of any kind. Singasari Petroleum Pte Ltd shall not be liable for any loss arising from reliance on the content of this website. Use of this website is governed by the laws of Singapore.

Commercial Terms

Delivery Terms

Singasari Petroleum supports internationally recognized Incoterms, including FOB and CIF, subject to transaction-specific agreement and operational feasibility. Title transfer, risk allocation, inspection regimes, and delivery obligations are governed strictly by the executed Sales and Purchase Agreement (SPA) and applicable Incoterms.

Payment Terms

All payment terms, acceptable financial instruments, and settlement mechanics are defined exclusively within a duly executed Sales and Purchase Agreement (SPA). No payment obligation, product reservation, or allocation of supply arises outside a formal contractual framework. Singasari Petroleum does not recognize or accept informal payment arrangements, side agreements, or undocumented commitments.

Pricing Methodology

Pricing is determined on a transaction-specific basis and documented in the executed SPA. Prices may be fixed or indexed to mutually agreed market references, subject to commercial negotiation and prevailing market conditions.

Disclamer : The above information is provided for general reference only and does not constitute an offer or commitment.

Transaction Experience

Singasari Petroleum has participated in international energy commodity transactions involving refined petroleum products and related energy commodities, executed through structured delivery arrangements.

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Sample Transaction Execution Framework (Illustrative – Non-Contractual)
Note : Provided for illustrative purposes only. This document does not relate to any actual shipment or transaction.

The Company’s transaction experience includes, among others:

  • Diesel EN590 (10 ppm) supplied under CIF structures to institutional buyers in Asia
  • Diesel EN590 (10 ppm) supplied under FOB arrangements through recognized trading hubs in Singapore
  • Petroleum Coke supplied to industrial counterparties under contractually defined specifications and delivery terms
  • Select participation in crude oil and other refined product trades, subject to transaction-specific arrangements
  • All transactions are executed strictly in accordance with executed Sales and Purchase Agreements (SPA), with inspection, delivery, and payment terms governed contractually.
  • Supporting documentation may be shared on a confidential basis with qualified counterparties during formal due diligence processes.
CONTACT US

For general inquiries and formal business correspondence, please contact us

Singasari Petroleum Pte Ltd engages exclusively through official corporate communication channels.

E-MAIL

[email protected]

All inquiries are subject to internal screening, verification, and compliance review. Singasari Petroleum does not engage through personal messaging platforms or informal communication channels.