GTCS specializes in the complex task of supplying critical resources where and when they are needed. We are present every step of the way, from the point of production to the point of consumption, helping to make global supply chains more efficient, secure and sustainable.

Our long association with Oil and Gas sectors leads us to an effective product learning related to crude oil and other petroleum derivatives, identifying stronger and more stable opportunities, customer centric programs, smart sourcing, logistics, and supply chain management.

One of our key strengths lies in identifying and maintaining an extensive network of the best suppliers in the market. These suppliers play a pivotal role in our continued success supporting our clients. Our products are meticulously selected by industry experts, ensuring they not only meet but exceed the highest quality standards. This commitment to excellence sets us apart and establishes trust in the quality of the commodities we source.

We exclusively engage with oil companies and refineries capable of meeting our clients’ capacity requirements, ensuring a reliable supply chain. Our commitment is to source only from suppliers offering the highest product quality, ensuring a smoother buying process and faster product delivery compared to our competitors. Our suppliers are genuine, reliable, and aligned with our goal to make our clients’ experience as seamless as possible.

We specialize in the complex task of supplying critical resources where and when they are needed. We are present every step of the way, from the point of production to the point of consumption, helping to make global supply chains more efficient, secure and sustainable.

We employ a disciplined risk management framework that includes thorough buyer & supplier due-diligence, financial risk, and operational risk components to mitigate both deal and client’s risk.

GTCS Differentiated Trade Execution Lifecycle

Identify & Conduct Due-Diligence
Map Procedures & Gain Agreements
Pricing & Contract Management
Trade Lifecycle & Logistics Management
Transactions & Payments Management

GTCS Supplier Identification & Verification Process

Our industry experts collaborate with suppliers and our public & private sector clients to collect required information, vet documents, and assist in due diligence & compliance and map out supplier’s procedures.

Identify

  • Pursue the necessary information related to our petroleum products sourcing needs.
  • Float RFP and RFI via our personal and professional network
  • Conduct Initial Screening
  • Share our MoU and Non-Circumvention & Nondisclosure Agreements NCNDA contracts for review and signing
  • Issue a Letter of Intent (LOI) for product sourcing on behalf of our clients
  • Collect required compliance documentation, Crude Assay, other Product Specifications, and Soft Corporate Offer (SCO) from the identified supplier

Compliance & Offer Verification

  • KYC Compliance Verification as set forth by the State-Owned Refineries Compliance Department
  • Compliance check on:−Company Registration Certificate
    −Articles of Understanding
    −Memorandum of Understanding
    −Shareholders Pattern and UBO
    −Business License −Export License
    −Company Financial Statements
  • Offer Verification on:−Crude Assay
    −Other Products Specifications
    −Soft Corporate Offer

Due Diligence

  • Company Registration
  • Articles of Understanding (AoA)
  • Memorandum of Understanding (MoA)
  • List of Registered Company Directors
  • Shareholders Pattern, Ultimate Business Owner
    (UBO), and UBO’s Passport
  • Export License and Activities
  • Past Certificates of Origin
  • Present Bills of Lading
  • International Passport of the Exporter
  • Bank Verification Number (BVN)
  • Tax Documents
  • 3 Years Audited Financial Statements
  • Overall Financial Health of The Company
  • Physical Office Address With Pictures & Videos
  • Physical Mining Site With Pictures & Videos

Acceptance & Setup

  • Supplier is accepted as an approved vendor and supplier by our State-Owned Refinery clients upon successful compliance check
  • Supplier is approved and empanelled for future
    sourcing and supply
  • Once empaneled, the supplier can participate either in Spot or in tender to supply to our State- Owned clients
  • We will also setup the supplier at our end and remain as a liaison agent throughout the sourcing processes