KYC & KYB
Legal identity, business activity, operating profile, authorized signatories and documentary verification.
Standards
Risk, compliance and transaction controls.
No transaction proceeds without the required counterparty, sanctions, cargo and internal approvals.
Control framework
Transaction controls applied before execution.
Compliance and risk controls apply to every counterparty and every cargo. The depth of review is proportionate to jurisdiction, ownership, product, vessel, route, payment structure and the evidence available.
Ownership
Ultimate beneficial ownership, control structure, PEP and adverse-media review.
Sanctions
Counterparty, jurisdiction, vessel and cargo screening against applicable consolidated lists.
Vessel & cargo
IMO, flag, ownership, AIS history, product origin, title and chain-of-custody review.
Trade controls
Anti-bribery, AML/CTF, export controls, destination restrictions and rejection criteria.
Document controls
Secure channels, call-back verification, change controls, retention and escalation.
Risk governance
Risk ownership, limits and escalation.
Each material risk has a preventive control, an approval authority and a mitigation path. Exceptions are documented and escalated; they are not treated as routine commercial flexibility.
Position and price risk
Positions are matched, structured or hedged where applicable within agreed exposure parameters.
Segregation of duties
Trading, operations, risk, compliance and settlement responsibilities are separated by control.
Exception management
Breaches, anomalies and documentary changes trigger defined review and senior approval.
Risk matrix
Principal risks and control responses.
The framework combines preventive controls, transaction-specific limits, independent review and documented escalation.
| Risk | Primary exposure | Control response | Escalation |
|---|---|---|---|
| Counterparty | Default, fraud, capacity or authority | KYC/KYB, ownership, credit, references, limits and document verification | Compliance / Risk / CEO |
| Price and basis | Market movement, timing or index mismatch | Back-to-back structure, matched pricing periods, hedging where approved, daily exposure review | Trading / Risk |
| Credit and liquidity | Payment delay, funding gap or bank risk | Approved instruments and banks, liquidity planning, tenor limits, documentary conditions | CFO / Risk / CEO |
| Logistics | Delay, rejection, freight, demurrage or terminal constraint | Vessel and terminal checks, laycan planning, alternatives, inspection and operational monitoring | Operations / Trading |
| Quality and quantity | Off-specification, shortage or measurement dispute | Contract specifications, independent inspection, sampling, sealed custody and outturn review | Operations / Legal |
| Sanctions and trade controls | Restricted party, vessel, origin, route or payment | Screening at onboarding and pre-performance, vessel history, jurisdiction and transaction review | Compliance / CRO / CEO |
| Legal and title | Invalid title, inconsistent terms or unenforceable remedy | Contract review, allocation and title evidence, governing-law and document alignment | Legal / CEO |
| Operational fraud | Impersonation, instruction change or document manipulation | Controlled channels, call-back verification, segregation, dual approval and retention | Compliance / CFO / CEO |
Vessel and cargo integrity
Screening extends beyond the contractual counterparty.
Review may cover the vessel's IMO identity, flag, class, ownership and management, P&I, AIS history, recent port calls and relevant vetting information. Product origin, routing and cargo documents are reviewed for consistency.
A satisfactory commercial opportunity does not override sanctions, title, safety or documentary concerns.
Transaction evidence
Controlled disclosure of transaction documentation.
KYC packs, bank letters, settlement instructions, contracts, recaps, inspection reports and transaction-specific documents are not published on this website. Qualified counterparties receive the appropriate evidence at the relevant onboarding or transaction stage, subject to confidentiality and verification procedures.
References to external standards or regulatory frameworks describe the basis of the relevant control and do not constitute a separate certification claim.
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