GPL has a world class risk management group. With a range of delivery terms comes the challenge of managing price risks from load port till the product is discharged ex-tank on trucks, wagons or pumped through pipelines at its destination.
GPL has continuously promoted long lasting relationships with top tier Commodity Derivative trading desks mainly in Europe and the Far East.
Accredited with long standing relationships with some of the largest shipping/brokerage firms worldwide, GPL’s shipping division manages a fleet of time-chartered vessels approved by Oil Majors and complying with the latest shipping regulations. It also undertakes ‘spot chartering ‘of vessels to meet certain specific commitments. Vessel sizes range from small ships to LR2.
At the heart of oil trading is trade finance. Galana enjoys excellent relationships with various banks, including BNP Paribas, Mauritius Commercial Bank, and AfraAsia. GPL’s Trade Finance team have expertise in international Trade Finance practices coupled with a specific know how & specialization in African Trade Finance requirements.