All terms

Contracts & documentsfco

FCO

Full Corporate Offer — the hardened version of an SCO, binding on the seller subject to payment instrument issuance.

A Full Corporate Offer (FCO) is the sellers commitment document that follows a matched SCO+ICPO. It locks pricing basis, laycan, loading port, and payment terms, subject only to the buyer opening a compliant payment instrument (usually an LC via MT700).

FCOs that lack a named loading terminal, a named inspection company (SGS/Intertek/Bureau Veritas), and a specific laycan window are not commercially usable.

Related: SCO, SPA, MT700.

Frequently asked

What does FCO mean in oil and commodity trading?
Full Corporate Offer — the hardened version of an SCO, binding on the seller subject to payment instrument issuance.
How do I check a counterparty that uses FCO in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

scospamt700

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.