Home
Gulf International Commodity Trading Corporation (HK) Limited (GICTC HK) and its subsidiary Gulf International Energy Commodities Trading (Nig) Limited (GIECT NIG) are an independent International commodity trading corporation and we are very active in the African, Middle East, Asian and C.I.S markets.
Our Operations
How we proceed
Product Availability: The company’s product procurement when available covers the full spectrum from crude oils to refined products, including, natural gas, natural gas to liquids, jet fuels, gasoil's, fuel oils, asphalt's and others distillates.
Compliance: It is our job to solicit the buyers (off-takers) or exits and secure the documentation under the procurement structure that is relevant to the initiations of purchasing oil contracts.
Terms and Conditions: Consistent with the company’s Values, Trust, Integrity, Reliability and professional expertise, the terms and conditions between the buyer (off-takers) to their exits that has passed compliance, will be negotiated between the like-minded principals of the two companies. Once the introductions are made if the intermediaries and facilitators are involved, they will step aside.
Procedures: Banking procedures will be determined between the principals in direct communication with one another as business is operated from bank to bank. Buyers (off-takers) or exits should expect that procedures will be relatively simple, with payments as per the official procedures, terms and conditions. We also have a very good standing with our OPEC members refineries, there subsidiaries and affiliated export sales departments, hence protocol and compliance is regulated professionally at all times.
Price calculation: The price does not exceed platts market scan index mechanics , platts med Italy, MOPS, MOPAG, Dubai -Oman platts, ICE Murban, Dated Brent, WTI or other price methodologies”. The Index price is always adjusted to current levels and accepted if substantiated by market conditions.
Pre-contractual procedures:
•Direct communication will take place between the senior management of the buyer (off-taker) and or exit buyer or buyer’s legal representative.
•Once the KYC compliance process (due diligence) is conducted on behalf of the management, then a conference call is arranged with the legal representative or buyer for negotiations to commence with the procurement process and or in most cases a meeting is organized for a set time and day with the official supplier seller.
Commercial fees: The seller (alotee) (titleholder) in negotiation with the parties closest to the Buyer (off-taker) or exit will determine the amount of commercial fees to be paid to the working consultants nominated paymaster who will then individually compensate their respective partners, introducing parties etc.
Shipping logistics: All clients will need Oil & LNG-vessels. We have partners in logistics – shipments. This means, that we have access to the logistics mechanics and our partners manage their operations for the JV partnerships that we are contracted too for the Oil & Gas buyers/ refineries in the future.
Logistics and Shipping
Our partners company's logistics and shipping services have been expanded to include transportation of General cargo, Crude oil, Liquefied Petroleum Gas ''LPG''and its operations for transporting general cargo and containers the company with its commendable track record, has established the reputation of providing high standard of services to its customers in all sectors. They own Very Large Crude Carriers (VLCCs), which are all of high international standards. In their desire to expand further, some companies also own fully owned multipurpose vessels, deployed between the Indian Subcontinent - Red Sea - Mediterranean - US / Canada East Coast route on a regular frequency.
Our Marketing Objectives
Our Strategy
- Being successfully accredited with commodity physical trading procurements and projects are not just the result of successful planning! They are also the result of skilful execution.
- Strategies provide our team in commodity trading and project management consulting the resources to help organizations such as the refineries, ministries & or UHNW individual investors improve execution practices that deliver the physical trade to the buyers (Re sellers) or exit buyers in the oil and energy Industry. On our construction and finance models, the Industry specific solutions are that the
- Project managers will work with contractors from Asia as the nominated project management consultants.
- The project management team will work with product development & the design team on the procurement of full turnkey solutions associated with mining and minerals.
- To negotiate only with government agencies or ministries and or master developers in accordance with their overall growth and the direct access to pre-approved projects only.
Our Goals
- To maintain focus on critical activities to attain desired business results.
- Achieve delivery success on complex procurements for and on behalf of the refineries, financial institutions, ministries and state-owned contractors.
- Effectively manage ongoing strategic initiatives with governments in emerging markets for oil and gas and projects.
- Realize immediate productivity gains in profits over the short-term and greater efficiency for long-term organizational impact when the company is structured.
Our Responsibilities
Governance
Transparency
Transparency
- Our management team set high standard and comply with all relevant legislation rules and regulations under our business model and principals of values, trust, integrity & reliability.
- This is in correlation with the group’s corporate governance throughout the different regions in Africa, the Middle East, Asia and C.I.S Countries, which ensures that the interest of our corporations and our employees are in full compliance with the rules of employment and codes of conduct in these Countries and in the emerging markets.
Transparency
Transparency
Transparency
- Know your customer (KYC) is to verify and identity the values and integrity of all clients.
- As a growing structured corporation, we believe in the code of business ethics and in applying these principals of disclosure with National Oil Companies and International Oil Corporations, whom we deal with, are part of our business plan and strategy.
- Based on our locations in Africa, the Middle East and Asia, Gulf International Commodity Trading Corporation Ltd (HK) economic integrated activities are streamlined based on the governance and populous, its culture and traditions to whom we are partnered with and our commitment to contribute back to the local community, is of strategic importance to our corporations’ values and goals for many years to come.