Introduction
- Global Energy Trading LLC (“GET”) participates in the Global Supply Chain as a key supplier of natural resources to Governments and Private Entities internationally. Commonly known as ¨Downstream Trading or Downstream positioning in the Oil & Gas complete supply chain¨
- Our core Business Activity is the trading of high demand commodities in the International market.
- The relationships in the Commodity industry we have built is a core principle on which the Company relies upon. Leveraging our network of strong contacts in the space who are located strategically around the globe.
- GET’s current Management team includes individuals with specialized knowledge and a personal network in the Commodity Divisions they are leading, adding value to the Company. We understand the current commodity market, with our main focus is in Oil sector in the United States, South American and European Markets
What We Trade
All Commodities are high in demand products, consumed by end users which are in constant demand. Below are the high in demand commodities we pursue for trades, most of the commodities are¨Energetic Commodities¨
Our Suppliers
We source directly from Refineries, Trader’s or Allocation Holders. Our suppliers are leaders in the industry.
Our Buyers
Our exit buyers are mainly Top Tier Traders, Government entities or Refineries. These are companies, with funds held at top tier US and European banks.
Our Compliance Requirements & Objectives
- When entering into a transaction with a new exit buyer or supplier, thorough due diligence is performed by our Internal Compliance Team.
- Due Diligence Requirements for new potential exit buyers and suppliers:
○Full KYC Information Request
○Company Background Check
○Proof of Funds from our Buyers
- Once Internal Compliance completes their review, they continue to oversee each stage of the standard operating procedure to ensure there are no deviations or breaches of contract. Legal department is also kept abreast of all Compliance and financial involvement at each relevant stage of the procedures.
- Our Banking Partner (JP Morgan Chase & Julius Baer) provides Compliance over our transactions.
Jet A1 Aviation Fuel
Ultra Low Sulphur Diesel EN590
Crude Oil
Gold (Au)
Urea
D6 Diesel Virgin Fuel Oil
Liquefied Natural Gas (“LNG”)
Petroleum Coke (“Petcoke”)
Jet A1 Aviation Fuel
- Jet A1 Aviation Fuel is a type of aviation fuel, standardized International grade designed for use in aircraft powered by gas turbine-engines . Formally known as “Kerosene”.
- Main Use: Global Aviation Fuel for commercial and non-commercial aircrafts.
- How is the commodity is traded?
- Incoterm: FOB (Freight on Board) or CIF (Cost, Insurance, and Freight)
- Unit of Measurement: Barrels (bbls)
- Standard Operating Procedures:
- FOB: Tank to Tank, Tank to Vessel
- CIF: Discharge Port to Destination
- Current Demand: 4,000,000 (Four Million) bbls on a monthly basis.
Ultra Low Sulphur Diesel EN590
- Ultra Low Sulphur Diesel – EN590 had been introduced along with the European emission standards as an Ultra Low Sulphur Diesel. With each of its revisions the EN 590 had been adapted to lower the Sulphur content of diesel fuel – since 2007 this is called ultra low Sulphur diesel.
- Main Use: Diesel for Automotive Vehicles.
- How is the commodity traded?
- Incoterm: CIF
- Unit of Measurement: Metric Tons (MT)
- Standard Operating Procedures:
- FOB
- CIF
- Current Demand: 400,000 (Four Hundred Thousand) MT’s on a monthly basis.
Crude Oil
- Crude Oil is a liquid petroleum that is found accumulated in various porous rock formations in Earth’s crust and is extracted for burning as fuel or for processing into chemical products. There are several Crude’s in the World. Some are; WTI Crude, Brent Crude, Eagle Ford Crude & Bonny Light Crude Oil.
- Main Use: Source of Energy, refining to fuel(s) and other sub products.
- How is the commodity traded?
○Incoterm: CIF
○Unit of Measurement: Barrels (bbls)
○Standard Operating Procedures:
- FOB: Purchase at Port of Loading
- CIF: Discharge Port to Destination
- Current Demand: 2,000,000 (Two Million) bbls on a monthly basis.
Gold (Au)
- Gold is a chemical element with the symbol Au (from Latin: aurum). It is the most traded and in highest demand precious metal in the world, due to its financial leveraging power against fiat currencies.
- Main Use: Investments, Financial Guarantees, Fashion, Luxury and Glamour.
- How is the commodity traded?
- Incoterm: CIF
- Unit of Measurement: Kilograms
- Standard Operating Procedures:
- CIF: Discharge Port to Destination
- Current Demand: 1,000 (One Thousand) Kilograms on a monthly basis.
Urea
- Urea N46, also known as carbamide, is a safe, useful compound whose main use is a Fertilizer. Urea has the highest nitrogen content of all solid nitrogenous fertilizers in common use.
- Main Use: Soil Fertilizer.
- How is the commodity traded?
- Incoterm: CIF
- Unit of Measurement: Metric Tons (MT)
- Current Demand: 100,000 (One Hundred Thousand) MT’s on a monthly basis.
D6 Diesel Virgin Fuel Oil
- D6 Diesel Virgin Fuel Oil is a type of residual fuel that the fuel requires to be preheated before it can be used. It is not possible to use it in smaller engines or vessels/vehicles where it is not possible to pre-heat it.
- Main Use: Power plants, generators, and larger ships/vessels.
- How is the commodity is traded?
- Incoterm: FOB or CIF
- Unit of Measurement: Gallons
- Standard Operating Procedures:
- FOB: Tank to Tank, Tank to Vessel
- CIF: Discharge Port to Destination
- Current Demand: 200,000,000 (Two Hundred Million) Gallons on a monthly basis.
Liquefied Natural Gas (“LNG”)
- Liquefied natural gas (LNG) is natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state (at standard conditions for temperature and pressure).
- Main Use: It is burned to generate electricity, heat, and cooking fuel in homes and businesses, as well as processed for plastics or other petrochemical products.
- How is the Commodity Traded?
- Incoterm: CIF
- Unit of Measurement: Metric Tons (MT) or Liquefied Cubic Meters
- Current Demand: 250,000m3 (Two Hundred and Fifty Million) m3 on a monthly basis.
Petroleum Coke (“Petcoke”)
- Petroleum coke, or Petcoke, is a product produced from all types of oil (light/heavy crudes) during the oil refining process. Many different products are extracted from a barrel of crude oil in addition to gasoline, diesel and jet fuels.
- Main Use: Petcoke can take two different forms: green petcoke which is used as a fuel and calcined petcoke which is used as a feedstock by manufacturer for a wide range of products such as aluminum, paints, coatings and colorings which are used by millions of people.
- How is the Commodity traded?
- Incoterm: FOB or CIF
- Unit of Measurement: Metric Tons (MT)
- Standard Operating Procedures:
- FOB:
- CIF:
- Current Demand: 200,000 MT (Two Hundred Thousand) Metric Tons per month.
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