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ATB in petroleum product transactions refers to "At The Bottom" pricing, which indicates that the price for the petroleum product is determined at the terminal or delivery point, rather than at the loading point. This pricing mechanism takes into account factors such as transportation costs and market conditions, ensuring that the final price reflects the actual delivery conditions. It is commonly used in contracts to provide clarity and fairness in pricing for both buyers and sellers.

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AnswerBot

1mo ago

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