XRT Group Company Rules for Fuel Buying in Houston

1. Direct Dealing Only: We deal exclusively with direct company representatives from refineries or authorized suppliers. All communications must use verifiable corporate email addresses. No brokers, intermediaries, or agents are permitted.
2. Buyer Financial Readiness: The buyer must demonstrate verifiable funds in a bank account sufficient for Proof of Funds (POF) to complete the transaction.
3. Product Delivery: Fuel is sourced and delivered directly from refinery pipelines in the Houston area (e.g., via Houston Ship Channel interconnects or major terminals).
4. Required Buyer Submission: The buyer must submit a formal Letter of Intent (LOI) accompanied by their preferred delivery terms (e.g., CIF/FOB details), logistics plan, and chosen POF method.
5. No Scam Procedures: XRT will not engage in or accept any requests involving Tank Storage Agreement (TSA), Tank Storage Receipt/Report (TSR/STR), upfront tank fees, or similar non-standard procedures commonly associated with fraudulent transactions.
6. Onboarding Process: Upon satisfactory review of the LOI and supporting documents, XRT will schedule a virtual or in-person onboarding meeting with the buyer’s company director or authorized principal to verify capability and intent to purchase.
7. Verification and Due Diligence: All buyer-submitted documents (e.g., company profile, registration, and banking details) will undergo thorough verification. Incomplete or unverified submissions will be rejected.
8. Payment Terms: Transactions require secure, verifiable payment instruments (e.g., confirmed bank guarantees or letters of credit) post-verification. No advance payments or extensions for unverified buyers.
9. Compliance and Legitimacy: All transactions must comply with U.S. regulations, including anti-fraud measures. Buyers must provide company registration, KYC details, and passport copy of the signatory for due diligence.
10. Confidentiality: All discussions and documents remain strictly confidential and exclusive to the direct parties involved. No sharing with third parties without explicit written consent.

These rules ensure secure, direct, and efficient fuel transactions while protecting against common risks in the industry.