What We Do

Physical Oil & Gas Trading

GTT is one of the worlds largest traders and shippers of physical oil and gas. The desk continues to successfully execute staple long term supply contracts for both crude and refined products with state oil organisations, producers, refiners, blenders and traders from all regions in the Far East, AG, Europe, Baltics, Africa and the Americas. In addition to the supply contracts, the company also has longstanding offtake contracts with end users and retailers.

The desk is continually looking for spot opportunities to buy and sell crude and Petroleum Products to complement their existing term contracts.

The desk consistently trades and ships over fifty million barrels of crude and over one million tons of refined products annually around the world in the Far East, AG, Europe, Baltics, Africa and the Americas.

The company is actively trading:

• Crude Oil
• Gasoline
• GasoilDiesel
• Naphtha
• Condensate
• Fuel Oil
• Kerosene
• Bitumen
• Base Oil LPG
• LN

Metals Trading

The company is also a trader of non-ferrous, ferrous and precious metals, as well as related concentrates and raw materials.

The company is an active trader of the following metals:

• Tin (Sn)
• Lead (Pb)
• Zinc (Zn)
• Gold (Au)

We take pride in our well-earned reputation as a dedicated and trusted partner to top-tier miners and processors and industrial consumers

As a diversification to GTT’s core oil and gas business, the company trades the above products in a responsible and ethical manner, where origin and ethical practices are always of the upmost importance.

Shipping & Chartering

GTT’s Shipping & Chartering department provides a service to the Physical Trading Desk to secure competitive and reliable freight to move on the product from the loading terminal to the discharge terminal.

The experienced team is fixing vessels of all sizes and characteristics from VLCC and Suezmax Crude carriers, to MR’s and LR’s for petroleum products, to VLGC and LGC’s for LPG.

Our exclusive access to a partner company’s fleet of ships, as well as access to the Time charter and Spot markets allows GTT to offer a more flexible service ranging from cross ocean deliveries of two millions barrels of crude oil from Africa to Asia to small clips of a few thousand tons through intricate and draft restricted channels.

The company maintains a stringent vetting and inspections policy for all vessels before executing any charter party, this not only ensures the safety and integrity of the cargo, it minimises all environmental risk which is important to us and our communities we encounter. In addition to being fully internally vetted to an international standard, all vessels and cargo are fully insured by Lloyds of London registered underwriters.

GTT is committed to the transition to zero emissions shipping and complies with the 2020 IMO Normalised industry baseline emissions standard for all our shipping operations

Operations

The Operations desk ensures the safe and efficient transportation of crude, gas and petroleum products for company.

Working closely with the Physical Trading Desk and Shipping & Chartering Desk operates the loading of the designated cargo from our supplier’s nominated refinery and/or storage terminal onto our chartered vessel and ensures the cargo reaches our customer in a safe, timely and efficient manner.

The desk has implemented a bespoke Enterprise Resource Planning (ERP) software with Microsoft which has been put in place to assist the Operations team to plan and anticipate operations in a more efficient manner.

The group utilises several worldwide shipping and terminal agents and loss control expeditors to ensure the group has eyes and feet on the ground always and that the integrity and safety of the cargo, ship, terminal and personnel is never compromised.

The desk uses several first class independent surveyors and inspectors such as SGS, Saybolt and Inspectorate to ensure the integrity of the cargo from load to discharge and that required quality and quantity specifications are always met.

Structured & Trade Finance

The Trade Finance department is tasked with both protecting and mitigating the credit risk to the company but
also providing financial solutions for the company’s core trading activities.

The desk leverages on its credit facilities with both counterparts and first class financial institutions to provide innovative and flexible financial solutions. The company boasts over USD 1bn of credit and is able to issue Letters of Credit and bonds when needed.

Based on our strong balance sheet, we are able to provide trade credit to our customers, as well as participate in pre finance/forward sales transactions.

Compliance

The Company operates across several markets and geographical regions and so the compliance department is assigned with the task of ensuring the company complies with all financial, political, social and environmental procedures, both internationally and locally in the regions they impact upon.

The desk undertakes a rigorous onboarding procedure with all its counterparts where a “Know your customer” (KYC) process is carried out to ensure its counterparts are not only of good financial standing but more importantly have all required licenses to enter a transaction and not in violation of any OFAC regulations. In addition to this, the compliance department indeed ensures that the company itself is always in compliance with all applicable international laws and regulations, but also locally in the regions they impact upon.

We are pleased to say that the company is registered and continues to comply with all compliance procedures with Major Oil companies, trading companies, first class European banks and retailers alike. We continually to reciprocally refresh our KYC vetting of all counterparts on an annual basis.

To download the full 2023 GTT company profile, please click here

To download the full 2023 GTT compliance manual, please click here

Risk Management

The company manages market, financial and operational risks associated with transporting various different commodities in significant volumes around the world and considers the risk management department of extreme importance to the company and its partners.

The Risk Management department sets pre-defined limits to the Trading desks of the company where agreed VaR (Value at Risk) sub limits for each trader is set and enforced by company management.

The risk management department assesses the daily MtM (Mark to Market) levels of all the company’s open positions and updates live prices throughout the day through its access to various FSA regulated brokers. The desk reports directly to the company management on a daily basis where fair MtM values are applied and flagged when approaching the company’s VaR limits. We continue to invest in our risk management systems through strategic Energy Trading & Risk Management (ETRM) systems to support the Risk Management team and ensure human error or negligence is mitigated.

Our corporate culture stresses the values of accountability, responsibility and communication at all levels of the organisation to ensure the company’s risk is mitigated and managed and reported efficiently and correctly.