How do I check a counterparty that uses SPA 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.

All terms

Contracts & documentsspa

SPA

Sale and Purchase Agreement — the binding contract for an oil cargo.

A Sale and Purchase Agreement (SPA) is the main binding contract for a physical oil trade. It covers product specs, volume and tolerance, loading and delivery dates, pricing formula, payment instrument, inspection arrangements, title transfer, force majeure, and arbitration clause.

Standard practice: GAFTA or AGC/CAGB arbitration, English or Swiss law, SGS or Intertek for inspection, LC at sight or CAD against documents. OilFlow Network generates SPA drafts via Claude Opus using legal-reviewed templates, always as DRAFT — FOR REVIEW BY INDEPENDENT LEGAL COUNSEL.

Related: ICPO, FCO, Bill of Lading.

Frequently asked

What does SPA mean in oil and commodity trading?: Sale and Purchase Agreement — the binding contract for an oil cargo.
How do I check a counterparty that uses SPA 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.