Wholesale oil and gas trading platform
ELIGIBILITY & COMPLIANCE FOR OIL & GAS TRADING
Traders transacting through this platform have undergone our rigorous and extensive vetting and background checks and are certified to be capable of transacting successfully. The platform directly engages in every aspect of the transaction process to ensure the smoothest experience in implementation of the sale and delivery of fuel. BUYER ELIGIBILITY: A proven multi-year track record in oil & commodity trading. A proven ability to receive and transport the product upon delivery. Sufficient available capital, or credit line, to purchase the product. Banking at a reputable bank. Storage and Shipping Arrangement must be in place Holding import or trading licenses to receive or transport the product in/through/to any country or territory where this might be required. Not selling the product to any party residing in, liaised with, or transporting to a location in, a country or territory under trade embargo by the United States of America, European Union, Hong Kong S.A.R. or the United Nations
SELLER ELIGIBILITY:
Seller must be the Title Holder and must unconditionally provide proof of title holding/allocation Seller must submit their Corporate and Tax registration details Seller must submit his Transaction Terms beforehand. Seller must submit verified Technical Specification of the product(s) it intends to sell. Verification agency must be a neutral inspection agency of International repute Seller must have an official website detailing Corporate information and activities. Email addresses with public domain servers are not accepted. Seller must provide sufficient proof of successful past transaction(s) in the oil & gas sector
Trader Due Diligence:
In order to become a Qualified Oil & Gas Trader, the applicant needs to undergo a due diligence carried out by our internal compliance team on the buyer or seller (applicant) and his company. The financials of the companies, oil & gas trading track records and current ability to purchase, store, and transport fuel are thoroughly scrutinized. The procedure to become a Registered Trader: The potential Oil & Gas Trader fills the Buyer KYC Template / Seller KYC Template and submits online to Global Oil & Gas Trading (Subcontracts India). Our compliance team will review the information submitted and might request for further information relating to the Buyer's / Seller's company details, financial status, trading history and product requirements. Upon a positive review of the application, the buyer/seller deposits one time Commitment Fee. Subsequently, one of our sourcing managers will contact the Buyer/ Seller directly to discuss purchase requirements, product availability and transaction procedures. Once all parameters are satisfactorily met, the company will be registered as a Qualified Buyer / Seller and will receive our regular product offers via email.
The below points are important:
Only experienced Traders can apply to become a Qualified Traders on this platform. We do not accept applications from Brokers or Intermediaries. Only authorized directors or senior officers of the buying/ selling company can submit an application for registration. We do not accept applications by unauthorized persons. Every Oil & Gas Trader will have to meet our Prescribed Standard prior being able to trade on this platform.
rading Also Actively Assists Several Other Types of Oil and Gas Investments
Broadly speaking, we facilitate four main types of oil and gas investments: 1. Exploration These companies or projects buy or lease land and invest money in drilling. If they strike oil, the investment can pay off 10 times over – sometimes much more if the company uses borrowed money (leverage) to finance operations. If not, they may lose nearly everything they invested in that particular project. Pure exploration companies are best suited for those with very high tolerance for investment risk. These plays are highly speculative. 2. Developing These projects drill near proven reserves, hoping to unlock further value. These are somewhat less speculative, but there are never any guarantees that their efforts on any one plot of land will bear fruit. 3. Income These projects involve the acquisition of plots of land, either through lease or purchase, over proven oil and gas reserves, and seek to create a steady stream of income over and above expenses. This is generally the safest way to get involved specifically in the drilling and extraction operations, and is more of an income play than a speculative play. The risk is that the oil or natural gas will run out faster than expected. This investment is for those seeking a passive income stream, but who can take on more risk than those investing in other traditional income generators, like investment grade bonds and annuities. 4. Services and Support These companies provide a nearly unlimited menu of supporting services to the oil and gas industry. Examples include transportation, shipping and logistics companies, pipeline companies, construction and rigging companies, drilling and refining hardware and equipment manufacturers, refiners, and many others. Investing in these companies is similar to investing in any other company involved in B2B services, logistics, technology, and the like. Some of these investments don’t rely on increasing fuel prices to be profitable. For example, pipelines make money by charging a fee per barrel transported. They’ll make roughly the same amount regardless of whether fuel prices rise or fall, as long as demand remains consistent.
OUR SERVICES ENSURE SMOOTH TRANSACTION
Oil and Gas buyers constantly endeavor to explore and expand their supply base. They look for the most competitive price, superior product quality and an extremely efficient and flawless delivery service. Global Oil and Gas Trading provides its clients (both buyers as well as sellers) a fair, trustworthy, efficient and professional platform. Be it alacrity, transparency, uprightness, competitiveness, or ease of doing business, there is no need to look any further. We are exemplary in what we do and our clients rarely find any reason to complain. Based on the initial information the client provides to us through our online submission forms, one of our highly proficient staff will quickly determine the best move forward considering the client's specific requirements, contact the client personally, and will assist in getting started with the best suited counterpart. We service qualified buyers and/or sellers who are serious about expanding their international trade transactions. For best long term results, we encourage clients to establish mutually beneficial mandate relationship with us. Clients can take great advantage of our expertise in sourcing commodities, products and services and get rid of the never ending stress of finding genuine buyers or sellers and let our professional team work for them. We make sure that all offers made through this platform are genuine and the products are of the highest world standard. We welcome you to take the opportunity to put our resources and expertise to work for you. Please feel free to contact us, should you have any questions.
STANDARD TRANSACTION PROCEDURES
Oil and Gas Transaction Procedures vary from client to client and it is always extremely difficult to get both buyer as well as seller agree to any one set of Transaction Procedures. This Platform does not participate directly in any of the sale or purchase transactions between traders. However, as a facilitator of any deal transacted through this Platform, the management tries hard to put in place a mutually acceptable transaction procedure between clients on a case to case basis. Whereas it is mandatory for all clients (buyers as well as sellers) to submit their own set of transaction procedure while submitting their specific buy or sell offers, The Platform management intervenes to make certain clients drop clauses which inevitably leads to any kind of upfront payment. We are listing a few examples below: Splitting "Shipping Charges" and asking the buyer to pay half of those charges to the shipping company prior actual shipment or handover of shipment. Asking for issuance of any Banking Instrument prior verification of PPOP documents by the buyer. Asking the buyer for Tank Storage Receipt (TSR) or Charter Party Agreement (CPA) prior providing Proof Of Product, Location, and valid Inspection Report. Asking for any kind of payment on the pretext of any government charges. Providing "third-Party Fiduciary/Banking details that do not relate directly to either the buyer or the seller. Please read our ideal transaction procedures for FOB, CIF, and Spot (Dip & Pay) transaction
