1. A proven multi-year track record in oil & commodity trading.
2. A proven ability to receive and transport the product upon delivery.​
   
3. Sufficient available capital, or credit line, to purchase the product.
   
4. Banking at a reputable bank.
   
5. Holding import or trading licenses to receive or transport the product in/through/to any country or territory where this might be required.
   
6. In good standing.
   
7. Not selling the product to any party residing in, liaised with, or transporting to a location in, a country or territory under trade embargo by the United States of America, European Union, Hong Kong S.A.R. or the United Nations.
   

We take pride in assuring to end-sellers that buyers coming through this platform are fully vetted, and able to consummate a transaction with our validated Sellers. Our approach is to be engaged in every aspect of the buy/sell process to allow the sale and delivery of fuels in an efficient and expedited manner.

Buyer Due Diligence

In order to become a Qualified Buyer, the applicant needs to undergo a due diligence carried out by our internal compliance team on the  buyer and his company, its financial and trading track records and its current ability to purchase, store, and transport fuel.​

The procedure to become a registered Qualified Buyer:

• The potential buyer fills the Buying Form and sends a recent "Company Profile" to Global Oil & Gas Trading (Subcontracts India).
• Our sales team will make a first assessment and then our compliance team might request for further information regarding the buyer's company details, financial status, trading history and product requirements.​
• Upon a positive review of the application, one of our sourcing managers will contact the buyer directly to discuss purchase requirements, product availability and transaction procedures.​
• The buyer's company will be registered as a Qualified Buyer and will receive our regular product offers via email.
• The below points are important:​
• Only experienced End-Buyers and re-sellers can apply to become a Qualified Buyer. We do not accept applications from Brokers or Intermediaries.
• ​Only authorized directors or senior officers of the buying company can submit an application. We cannot accept applications by unauthorized persons.​
• Every Buyer will have to meet our Qualified Buyer criteria prior being able to trade on this platform.

SELLER ELIGIBILITY:

• Seller must be the Title Holder and unconditionally provide proof of title holding/allocation
• Seller must submit their Corporate and Tax registration details
• Seller must submit his Transaction Terms beforehand.
• Seller must submit the Technical Specification of the product(s) it intends to sell
• Seller must have an official website detailing Corporate information and activities
• Seller must provide sufficient proof of successful past transaction(s) in the oil & gas sector

Buyers constantly endeavor to explore and expand their supply base. They want the most competitive price, uncompromised product quality and extremely efficient and flawless service. Global Oil and Gas Trading seeks to provide its clients (both buyers as well as sellers) a fair, trustworthy, efficient and professional platform. Be it alacrity, transparency, uprightness, competitiveness, and ease of doing business, there is no need to look any further. We are exemplary in what we do and  our clients rarely find any reason to complain.

Based on the initial information the client provides us through our online submission forms, one of our highly proficient staff will quickly determine the best move forward considering the client's specific requirements, contact the client personally, and will assist in getting started with the best suited counterpart. We service qualified buyers and/or sellers who are serious about expanding their international trade transactions.

For best long term results, we encourage clients to establish mutually beneficial mandate relationship with us.

​Clients can take great advantage of our expertise in sourcing commodities, products and services and get rid of the never ending stress of finding genuine buyers or sellers and let our professional team work for them. We make sure that all offers made through this platform are genuine and the products are of the highest world standard.

We welcome the opportunity to put our resources and expertise to work for you. Please contact us, should you have any questions.​ 

Transaction procedures vary from client to client and it is always extremely difficult to get both buyer as well as seller agree to any one set of transaction procedures. 

This Platform does not participate directly in any of the sale or purchase transaction between traders. However, as a facilitator of any deal transacted through this Platform, the management tries hard to put in place a mutually acceptable transaction procedure between clients on a case to case basis. 

Whereas it is mandatory for all clients (buyers as well as sellers) to submit their own set of transaction procedure while submitting their specific buy or sell offers, The Platform management intervenes to make certain clients drop clauses which inevitably leads to any kind of upfront payment. We are listing a few examples below:

1. Splitting "Shipping Charges" and asking the buyer to pay half of those charges to the shipping company prior actual shipment or handover of shipment.
2. Asking for Banking Instrument prior verification of PPOP documents by the buyer.
3. Asking the buyer for Tank Storage Receipt prior providing Proof Of Product, Location, and valid Inspection Report. 
4. Asking for any kind of payment on the pretext of any government charges.
5. Providing Banking details that do not relate directly to either the buyer or the seller.

Please read our ideal transaction procedures for FOB, CIF, and Spot (Dip & Pay) transactions.