PER-CONTRACTUAL PROCEDURES

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.

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. 

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. 

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, their subsidiaries and affiliated export sales departments, hence protocol and compliance is regulated professionally at all times.  

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. 

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.  

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. 

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. 

Our business development plans –are relevant to our Joint Ventures throughout the world. The strength of our group and its affiliated companies in the future is the international embedded relations with regards to our trading activities as well as our reliable service delivery systems & the decision-makers within our organization. In addition with key OPEC members suppliers and partners we need to establish trading joint ventures worldwide.

Gulf International Commodity Trading Corporation Limited (HK) are in communication with state oil & gas owned enterprises, OPEC members, Majors, Tea Pot Refineries, Trade desks and mining corporations in several countries which will eventually be a very strong and powerful presence through these Joint Ventures for the future.