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SHIPPING AND TRANSPORTATION
KGT OIL is proud of its worldwide relationships which enables it to move
oil almost anywhere around the globe. We regularly charter vessels of
all sizes to transport our cargoes, such as Suezmaxes, Aframaxes and
Panamaxes. Cargoes are only insured with first class insurance companies
granting us and our receivers the security they are looking for.
Chartering is done spot as well as on a contract for affreightment
basis. Time charters are also regularly used to hire vessels.
Our dedicated staff ensures that all is done with utmost professionality
and dedication. Our logistics team operates seamlessly with our trading
desks to manage freight exposures and to add safety and efficiency to
our physical transactions.
Oil storage, for both crude and products, is regularly used
as a trading tool by our company. Oil storage facilities are made
available to the trading desks through long term agreements with first
class storage companies.
Petraco currently holds significant storage capacity in the
Mediterranean which is strategically placed to take advantage of flows
from the Black Sea and Persian Gulf regions.
KGT OIL operates in all risk management tools, including the
futures market, over the counter (OTC) swaps and a range of other
derivatives. We bring high standards of risk management and operational
excellence to our customers while maintaining sophisticated risk
management systems, processes and controls.
Financial, operational and market risks are an integral element of
commodities trading and physical supply. They cannot be wholly avoided,
but can be planned for and managed. We take a comprehensive approach to
hedging and marketing to help our clients achieve their goals and
Our in depth expertise, combined with our extensive credit
lines as well as our own strong financial condition allows us to offer a
variety of transactional structures enabling us to provide valuable
solutions to our counterparties.
Our strong liquid capital structure enables us to provide our clients
the working capital they require by extending payment terms using a
variety of structures. We are also able to provide our crude oil and
petroleum products producers pre-export financing.
Petraco regularly works with its suppliers to develop structures that
provide them with maximum access to liquidity as well as giving us the
financial transparency and security we require. We bank with all the
major trade financing banks.