How it works

Syndicate members are told a date by which they need to tell the syndicate how much oil they need, or whether they just want the tank filled – there is a minimum quantity of 500 litres. Oil suppliers are then contacted to get the best price, and syndicate members are told the supplier being used, the price and expected delivery dates. The supplier invoices the syndicate members individually and payment is made directly to the supplier by the syndicate member, as the contract is between the oil company and the syndicate member.

Syndicate members are asked to make prompt payment for their oil to help us get competitive prices.

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