Terms & Conditions

Welcome to Petro-Exchange.com, an auction and private listings platform tailored for the Petroleum Industry. By using our platform, you agree to comply with and be bound by the following Terms and Conditions. Please review them carefully, as they govern your use of our services. If you disagree with any part of these Terms and Conditions, please refrain from using our platform.

1. General Conditions

  • Petro-Exchange.com is a platform specifically designed for businesses and individuals involved in the petroleum industry to auction and list products, equipment, and related services.
  • By accessing and using our platform, you represent and warrant that you are of legal age and have the authority to enter into binding agreements.
  • All users agree to comply with local, national, and international laws applicable to the petroleum industry and auction activities.

2. Account Registration

  • Users must register an account to list, bid, or purchase items. The information provided must be accurate, complete, and updated as necessary.
  • You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.

3. User Responsibilities

  • Users are solely responsible for the information and content they post, including descriptions, prices, and conditions of listed items.
  • All items listed for auction or sale must comply with local and international safety standards and industry regulations, including hazardous material regulations where applicable.
  • Users must ensure they have the legal right to sell or auction listed items. False, misleading, or deceptive listings may result in account suspension or termination.

4. Auction and Listing Rules

  • All auctions and listings must be conducted in compliance with these Terms and Conditions.
  • Sellers must specify the terms of sale, including minimum bid increments, starting bids, and any reserve prices.
  • Once a bid is placed, it is considered binding. Buyers cannot withdraw or cancel a bid after submission unless the seller explicitly permits it.
  • Sellers must not engage in shill bidding or artificial inflation of bid prices.

5. Payment and Fees

  • Petro-Exchange.com may charge fees for listing, auctioning, and completing sales on the platform. Users agree to pay these fees as per the pricing schedule provided during account registration or listing creation.
  • All payments for successful auctions and listings must be made through approved methods on the platform. Unauthorized payment methods are not allowed and may result in transaction cancellation.
  • Failure to pay fees may result in suspension or termination of the user’s account.

6. Prohibited Items

  • Certain items are prohibited from being listed on Petro-Exchange.com. These include, but are not limited to:
    • Restricted or illegal petroleum products, such as those subject to export controls or embargoes
    • Hazardous materials that do not comply with safety standards
    • Stolen or counterfeit items
  • Violation of this section may result in account suspension, termination, and reporting to relevant authorities.

7. Liability Disclaimer

  • Petro-Exchange.com provides the platform on an "as-is" and "as-available" basis, without any warranties or guarantees of merchantability, fitness for a particular purpose, or non-infringement.
  • We do not verify the accuracy or legitimacy of user listings or bids, nor do we endorse any products or services listed on our platform.
  • Users agree to release Petro-Exchange.com, its affiliates, and its officers from any claims, liabilities, or damages arising out of transactions conducted on our platform.

8. Dispute Resolution

  • Disputes between users (e.g., buyers and sellers) should be resolved between the involved parties. Petro-Exchange.com may assist in resolving disputes but does not assume any responsibility for enforcing user agreements.
  • If a dispute escalates, either party may seek mediation or arbitration as outlined in applicable local laws.

9. Termination and Account Suspension

  • Petro-Exchange.com reserves the right to suspend or terminate accounts that violate these Terms and Conditions, engage in fraudulent activities, or are deemed to be abusive to the platform or other users.
  • Users may also request account termination, in which case they must settle any outstanding fees before the account is closed.

10. Changes to Terms and Conditions

  • Petro-Exchange.com reserves the right to modify or update these Terms and Conditions at any time. Users will be notified of significant changes via email or on the platform.
  • Continued use of the platform following such changes indicates acceptance of the new terms.

11. Governing Law

  • These Terms and Conditions shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any legal action or proceeding arising out of or related to these terms will be brought exclusively in the courts of [Jurisdiction].

12. Contact Us

  • For questions regarding these Terms and Conditions, please contact our customer support team at [admin@petro-exchange.com].

By accessing or using Petro-Exchange.com, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.