Urals compliance is not read off the price tag but built from three documents closing cleanly: the commercial invoice, the bill of lading and the third-party inspection report must match on volume, vessel and load port to the letter. The G7 $60 price cap on Russian crude binds at payment — as long as the deal price stays under the cap with complete documents, both the bank and we can settle the transfer. SNSUC's screening script (ORIGIN_POLICY_VERSION 2026-10-02) lists Iran as the only auto-reject origin and explicitly exempts Iraq from the auto-reject list as of 2026-10-02.

On the desk we only take Urals parcels inspected by a third party, loaded at ports in the European part of Russia, and settled through a verifiable channel. If any document shows a volume mismatch, a vessel mismatch or a price breach, the system blocks it before quoting. This red line does not move for any counterparty.

Note that back-to-back letters of credit and offshore transshipment trades are high-attention structures for banks. We run bill-of-lading verification with a closed inspection loop and keep both the fund-flow and cargo-flow evidence ready, proactively explaining the trade background to the settling bank instead of waiting for its inquiry.