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Sales Of Petroleum Products Offshore Or Tankfarm? - Business - Nairaland

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Sales Of Petroleum Products Offshore Or Tankfarm? by elebiola(m): 1:34pm On Jun 06, 2013
Please which is more favorable financially.... Selling your products offshore or bringing to the Tankfarm. Please give detailed explanations if you have a hunch on which is favorable. An idea of what the process and fees cost would be well appreciated. Thank you
Re: Sales Of Petroleum Products Offshore Or Tankfarm? by malosky: 2:06pm On Jun 06, 2013
depends. if you have a ready buyer sell on the sea. if you dont have a buyer you need to store in a tank farm to reduce your demurage cost of the vessel. you should also note that no tank farm would accept your product if you do not have the necessary documentation. The added advantage of the tank farm is that if you are lucky the price might of gone up due to scarcity when you want to sell. it also works vice-versa.

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