OIL & GAS
Oil & Gas Trading
Maintaining excellence in physical trading of oil and gas requires a diverse set of skills to
effectively manage the complexities of the industry. Here are some key skills and qualities
that you can count on working with us:
1- Industry Knowledge: In-depth understanding of the oil and gas industry, including
knowledge of supply and demand dynamics, pricing mechanisms, market trends, and
geopolitical factors that impact the industry.
2- Analytical Abilities: Proficient in data analysis and interpretation, able to analyze
market data, trends, and indicators to identify trading opportunities and make
3- Negotiation and Relationship Management: Excellent interpersonal and
communication skills to build and maintain relationships with suppliers, buyers, and
other stakeholders in the industry. This includes negotiating contracts, managing
counterparty relationships, and resolving conflicts.
4- Risk Management: Sound understanding of risk assessment and mitigation
strategies. The ability to evaluate and manage various types of risks, such as market
volatility, credit risks, operational risks, and compliance risks, is crucial to protect the
interests of our clients and partners.
5- Operational Efficiency: Proficiency in logistics and operations management to ensure
smooth and efficient physical movement of oil and gas products from production to
6- Adaptability and Resilience: The oil and gas industry is highly volatile and subject to
sudden market shifts. The ability to adapt quickly to changing circumstances, make
informed decisions under pressure, and maintain composure during stressful
situations is critical.
7- Ethics and Compliance: A strong commitment to ethical conduct and compliance
with industry regulations, ensuring all trading activities are conducted in accordance
with legal and ethical standards.
Products we supply
STANDARD TRANSACTION PROCEDURES
Oil and Gas Transaction Procedures vary from buyer to buyer and it is always extremely
difficult to get both buyer as well as seller agree to any one set of Transaction Procedures.
We at ICS, as a facilitator we try hard to put in place a mutually acceptable transaction
procedure between clients and our seller partners 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, we certainly intervene
to make certain sellers 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 issuance of any Banking Instrument prior verification of PPOP documents
by the buyer.
3. Asking the buyer for Tank Storage Receipt (TSR) or Charter Party Agreement (CPA)
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 third-Party Fiduciary/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)