The Standards The Desk Is Held To
The desk operates under standing internal rules: counterparties are screened, sanctions and ownership are checked, proof precedes payment and settlement passes through banks.
Screened Counterparties, Bank Settlement
Compliance Overview
Screening, proof and settlement, applied to every transaction.
Counterparty Screening
Registries, ownership, licensing and sanctions lists are checked before any term is offered.
Sanctions Lists
Names, vessels and routings screened against the applicable lists before commitment.
Proof Before Payment
Independent inspection and documents through banks; funds move only against evidence.
Documentary Integrity
Every genuine document carries a dated reference and can be confirmed in writing.
International Standards
Letters of credit under UCP 600 and inspection by recognised houses, as standard.
Standards In Public
Nothing is signed before clearance, and settlement passes through banks against documents.
The Screening Path, In Order
First Contact
One email starts the file; the desk answers in writing.
Particulars Both Ways
The company's particulars are sent on request; the counterparty's are asked for in turn.
Screening
Registries, ownership, licensing and sanctions lists checked.
Clearance Before Signature
Nothing is signed before clearance, in either direction.
Proof Before Payment
Independent inspection and documents through banks.
A Checkable Reference
Every document carries a dated reference the desk will confirm.
The Standards In Full
Know Your Counterparty
Before any term is offered, the desk establishes who it is dealing with: the registered company, its licence, its ownership and the authority of the person signing. A counterparty that cannot yet show these things is asked for them, and the file waits until they arrive.
The company's particulars are sent on request.
Sanctions & Screening
Names, vessels and routings are checked against the applicable sanctions lists before commitment. A transaction that cannot be run cleanly is declined before terms are offered.
Documents Through Banks
Payment moves through banking channels against documents. Letters of credit follow UCP 600; collections follow their own rules.
The desk does not move money against a promise, a screenshot or an unverifiable certificate.
Independent Inspection
Quality and quantity are established by independent inspection at the point the contract names, by an inspection company both sides recognise. The certificate is presented to the bank with the other documents.
Records & Traceability
Every genuine document the company issues carries a dated reference and can be confirmed by sending it to the desk with its reference.
A Document That Names Petromania, Confirmed In Writing
The holder of a document said to be issued by Petromania is invited to send it, with its reference, to the address below. The desk confirms or denies it in writing, and does nothing else with what is sent. A document is confirmed as genuine only by the desk's written reply.
Verification is free of charge.