Structured EN590 Transaction with Confirmed LC

Structured EN590 Transaction with Confirmed LC

Structured EN590 Transaction with Confirmed LC

EN590 transactions involve high-value petroleum product deliveries that require absolute certainty of payment and performance. Financely structures these deals using confirmed letters of credit issued by reputable banks, ensuring both the seller and the buyer are fully protected throughout the transaction cycle. Our role is to secure the payment instrument, align it with shipment schedules, and provide oversight until completion.

Key Outcome: A fully bank-backed payment commitment that mitigates counterparty risk and secures commodity delivery terms.

Why Use a Confirmed LC in EN590 Trades

  • Irrevocable payment guarantee from a top-tier confirming bank
  • Seller assurance of payment on presentation of compliant shipping documents
  • Buyer protection through defined performance conditions
  • International acceptance under ICC UCP 600 rules
  • Facilitates smooth execution even in cross-border, multi-jurisdictional trades

Transaction Structure

Parameter Details
Product Diesel EN590 10 ppm
Payment Instrument Irrevocable, confirmed letter of credit
Confirming Bank Top-tier international bank with established trade desk
Tenor Sight payment upon document presentation
Security LC terms aligned with Incoterms and independent inspection certificates

Our Role in EN590 LC Transactions

  • Evaluate counterparty credibility and contractual terms
  • Negotiate LC wording to reflect operational realities of the trade
  • Coordinate with issuing and confirming banks for smooth instrument setup
  • Oversee compliance with document presentation timelines
  • Ensure funds release according to agreed delivery milestones

Ideal Counterparties for This Structure

  • Refineries supplying international buyers
  • Major fuel traders with established off-take agreements
  • Industrial end-users seeking secure procurement channels
  • Investment-backed SPVs for bulk petroleum imports

Request Structured EN590 LC Terms

Provide your deal parameters and documentation to receive a tailored LC structure and fee schedule aligned with your trade timeline.

Request LC Structure

This content is for informational purposes only. Any LC arrangement is subject to independent credit approval, KYC and AML compliance, and full transaction due diligence. Financely is not a bank and acts strictly as an arranger. All parties should obtain independent legal and financial advice before entering into any contractual commitment.

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Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

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Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

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Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

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If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.