Their dedication and commitment to providing solutions that benefit all parties to a transaction creates the long-lasting relationships that enable us to maximise opportunities
While the essence of our trading is sourcing shipping and marketing, we have evolved in numerous ways to assist our counterparties and meet their most specific requirements. We are regularly involved in consignment stock transactions enabling us to grant our counterparties maximum flexibility. The volume of oil required is decided on a weekly basis improving cash flows and we are also able to offer extended payment terms as well as pre-export financing. Our lean structure helps us to make rapid decisions in today’s fast evolving world.
ALTHEA PETROLEUM S.A. 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.
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.
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.
ALTHEA PETROLEUM S.A. 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.
