FAMARO

About Us

At Famaro we are passionate about the oil market and committed to producing and selling high-quality petroleum products. Our team is dedicated to serving our partners and ensuring that they get the best possible prices and products in the shortest time possible.

We have a vast portfolio that allows us to work with several large End Buyers and Suppliers in the market. We also represent reputable suppliers and refineries, who can fulfill the requirements of qualified End Buyers with directness, speed, and a strong sense of responsibility.

Our team is constantly working to facilitate and conclude Spot Long Term contracts with reliable extensions and SPA for various petroleum products. We strive to provide the most competitive prices available in the petroleum market while ensuring that the products we deliver meet the highest standards of quality and reliability.

We believe that the key to success in this industry is building relationships between legitimate and financially healthy End-Buyers and powerful Suppliers/Refineries. We pride ourselves on being able to match these partners and deliver products that meet their unique needs and requirements.

At Famaro, we understand that navigating the oil market can be a daunting task, but our team is here to make it easy for you. We are committed to delivering excellent service and support to our partners, and we have built a reputation for excellence and efficiency in the oil market.

Choose Famaro for all your petroleum product needs, and let us help you achieve success in the oil market.

Products

We aim to secure reliable 12-month contracts for the following petroleum products via spot and long-term agreements, with the option to extend:

  • Crude Oil
  • Gasoline
  • D2, ULSD
  • Fuel Oils

Standards for Transactions

The transaction will be conducted in compliance with applicable legal standards and regulations to ensure a safe and secure process:

  • UCP600, ICC Uniform Custom and Practice for Letter of Credit, PUBLICATION UCP 600
  • INCOTERMS 2010, ICC International Commercial Terms of Delivery, PUBLICATION 720
  • URC 522, ICC Uniform Rules of Collection, PUBLOCATION 522

Terms of Delivery/Supply

The main Terms of Delivery/Suppy for Crude Oil are:

  • CIF - an international trade term that indicates that the seller is responsible for the cost of the goods, the marine insurance, and the freight charges to transport the goods to a named destination, while the buyer is responsible for unloading the goods at the port of destination.
  • FOB - an international trade term that indicates that the seller is responsible for the cost and delivery of goods to a named port of shipment, after which the buyer assumes responsibility for the goods.
  • TTO - refers to the transfer of ownership or control of a tanker vessel from one party to another, typically through a sale or acquisition, where the buyer assumes responsibility for the vessel and its operation after the transfer.
  • TTT - an arrangement in which liquid cargo is transferred from one tanker vessel to another while at sea, where the seller is responsible for the cost of the goods and freight charges to transport the cargo to the named destination.