EN590 Diesel$684.20/MT+0.4% Jet A-1$742.50/MT−0.2% Bonny Light$85.40/bbl+0.8% Brent Crude$83.75/bbl−0.3% Copper$9,240/MT+1.1% WTI Crude$79.20/bbl+0.5% SPCFZ · Lic 4307582.01▸Active EN590 Diesel$684.20/MT+0.4% Jet A-1$742.50/MT−0.2% Bonny Light$85.40/bbl+0.8% Brent Crude$83.75/bbl−0.3% Copper$9,240/MT+1.1% WTI Crude$79.20/bbl+0.5% SPCFZ · Lic 4307582.01▸Active
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// Compliance Framework

Compliance &
Transaction Pipeline

Every Xirik FZE transaction progresses through a rigorous, 10-phase pipeline enforced by the Custom Corporate OS. No phase advances without verified compliance at the prior gate. No exceptions.

10
Pipeline Phases
3
Sanctions Lists
100%
Counterparty Screening
$0
Upfront Fees · Ever
Transaction Pipeline

10-Phase Transaction Pipeline

The Custom Corporate OS enforces strict stage-gating at every phase. Compliance officers reviewing Xirik FZE transactions will find an auditable, immutable record of every step.

01
Buyer Engagement
Initial KYB screening of counterparty entity. Verification of Incoterm preference (FOB vs CIF). Collection of buyer mandate, corporate structure documentation, and authorised signatory identification.
KYC/KYB Gateway initiates hard lock — no progression until CIS and LOI are cryptographically validated
02
Commercial Offer
Issuance of a Soft Corporate Offer (SCO) with precise pricing (Gross/Net) benchmarked against live Platts or Argus indices. All pricing is generated algorithmically — eliminating human error in commodity valuations.
TradeFlow Engine auto-compiles SCO and issues via proprietary PDF generation with live market data stamps
03
Contracting & SPA
Rigorous legal review and digital countersigning of the Sales and Purchase Agreement (SPA). The SPA details MT103/TT payment terms, inspection protocols, force majeure, and dispute resolution clauses. Initial Commercial Invoice (CI) is auto-generated for escrow.
Draft SPA locked in Federated Nexus; CI generated automatically for escrow arrangement
04
Proof of Product (POP)
Exchange of supply guarantees, Statement of Availability, Refinery Commitment, and verification of destination logistics. Tank Storage Agreement (TSA) and Tank Storage Receipt (TSR) must pass validation before proceeding.
Automated failsafe activated if Buyer's TSA or TSR fails validation — pipeline halted pending resolution
05
Pre-Injection Clearance
Port authority coordination, pipeline scheduling, and regulatory clearance. Upload of Pre-Injection Report (PIR) and Allocation Transaction Passport Code Certificate (ATPCC) required to unlock logistics dispatch.
PIR + ATPCC upload mandatory before Logistics Nervous System authorises dispatch sequence
06
Inspection (Dip Test)
Physical sampling and quality verification by independent surveyors (SGS, Saybolt, or Intertek). Q&Q reports covering density, sulfur content, water content, and distillation profiles must be matched to SPA parameters before any title transfer can proceed.
OS restricts title transfer until SGS Q&Q report is uploaded and parameters match SPA specifications
07
Execution (CIF Logistics)
Vessel chartering, cargo loading, marine insurance activation. The Logistics Nervous System continuously monitors Bill of Lading (BOL), Vessel Q88 form, Notice of Readiness (NOR), ullage reports, and MSDS documentation throughout the voyage.
Continuous real-time monitoring of BOL, Q88, NOR — automated alerts on any status deviation
08
Title Transfer
Definitive legal transfer of product ownership and risk. Title Transfer Affidavit and Certificate of Ownership issued exclusively upon verified clearing of MT103/TT wire transfer in the Isolated Ledger. No title moves on unverified payment.
Hollow Core Ledger Bridge verifies MT103/TT clearing before title transfer authorisation is unlocked
09
Commission Disbursement
Execution of intermediary protections and broker fee structures. IMFPA (Irrevocable Master Fee Protection Agreement) and NCNDA smart contracts ensure automated, instantaneous commission payouts upon verified deal completion. Zero manual intervention required.
Automated ledger reconciliation via IMFPA/NCNDA — instantaneous payout on completion verification
10
Post-Trade Analytics
Final margin calculation and systemic recording of complete asset lifecycle. Margin Guard logs full execution data — pricing, timing, logistics costs, and compliance overhead — into the federated architecture for future deal optimisation and regulatory reporting.
Margin Guard archives full deal record to federated architecture; audit-ready regulatory pack generated automatically
Anti-Fraud Policy

Anti-Fraud & Legitimacy Standards

The wholesale oil and commodity market is plagued by fraudulent offers, synthetic entities, and impersonation schemes. Xirik FZE enforces strict anti-fraud standards — and publishes them here so legitimate counterparties can verify our posture before engagement.

✓
Zero upfront fees for documents. Xirik FZE strictly mandates that buyers are never required to pay for signing, endorsing, or releasing documents — including Authority to Verify letters or Dip Test Authorisations — prior to a legitimate financial instrument (SBLC or LC) being placed and verified by a recognised bank.
✓
All counterparties verified before engagement. 100% of counterparties pass through the KYC/KYB Compliance Gateway before any commercial discussion. Buyers who cannot complete CIS documentation and beneficial ownership verification are not engaged.
✓
Communications via Custom Corporate OS portals only. All official communications, contract redlining, and POP document exchanges are conducted exclusively through the encrypted portals of the Custom Corporate OS. No multi-million dollar commodity trade is negotiated via personal WhatsApp, Telegram, or unofficial email chains.
✓
Payments exclusively via SWIFT MT799 / MT103 through regulated UAE banks. Xirik FZE routes all financial transactions exclusively through Emirates Islamic Bank (Al Barsha Branch) and Bank of Baroda (Sharjah Branch).
✓
Verified UAE registration only. Xirik FZE is incorporated exclusively in Sharjah Publishing City Free Zone (SPCFZ). All geographic coordinates are anchored to SPCFZ. No Dubai Silicon Oasis addresses.
Documentation

Documentation Taxonomy

Xirik FZE publishes the exact documentation requirements for each transaction phase. Legitimate buyers and institutional compliance officers can use this taxonomy to independently verify our operational posture.

Pre-Contracting

Buyer Onboarding

LOI / ICPO, Customer Information Sheet (CIS), passport copies of authorised signatories, banking coordinates and correspondent bank details, beneficial ownership declaration.

Proof of Product

POP Package

Statement of Availability, Refinery Commitment, Product Reservoir Receipt, Tank Storage Receipt (TSR), SGS Quality & Quantity Report, GPS-verified tank coordinates.

Legal / Title

Transfer Documents

Sales & Purchase Agreement (SPA), Title Transfer Affidavit, Certificate of Ownership, ATPCC, Export Affidavit, Ministry of Energy clearances.

Maritime

Vessel Documentation

Notice of Readiness (NOR), Vessel Q88, Bill of Lading (BOL), Cargo Manifest, Ullage Report, MSDS, Letter of Protest (LOP), vessel insurance certificates.

Financial

Settlement

Commercial Invoice (CI), SWIFT MT799 (Proof of Funds), SWIFT MT103 (Wire Transfer), banking confirmation receipts, payment allocation records.

Intermediary

Fee Protection

NCNDA (Non-Circumvention, Non-Disclosure Agreement), IMFPA (Irrevocable Master Fee Protection Agreement), sub-broker commission schedules, escrow instructions.