We have long understood the need to mitigate the risks associated with our business to protect our clients and partners. Such risks include financial and market risks, such as the availability of supply and demand changes as well as governmental participation in the geo-political eco-system. Our internal policies and procedures are continually analyzed and updated to ensure the highest level of risk mitigation, as it applies to risks involving logistics, fraud, scarcity, banking, regulation, geopolitics and politics.
Our compliance standards are rigorous and without shortcuts. We participate in a highly regulated environment and our company is directly impacted by changes to those regulations, such as international sanctions and changes within the banking system or market requirements. Accordingly, our compliance team deploys and maintains strict requirements to our people and our corporate process. No event or action is undertaken without approval from the compliance department and our people are continually briefed and provided with new information necessary to achieve the highest level of protection for our clients and partners. Our company strives to be a first mover. We continually study and improve our internal processes, contract language and compliance requirements on a global and local jurisdictional basis to ensure adherence to the strictest standards, laws, and regulations that impact our business.
Logistics and distribution are at the core of the business; shipping raw materials to where they can be refined or processed and then used or transported to areas where there is a supply deficit.
Shipping and chartering operations are managed out of KEYSTONE GROUP’s key regional offices. All post-fixture operations, which include issuing voyage orders, completing stowage plans, negotiating with port agents and handling demurrage claims are managed centrally with our logistical partners.
We fix vessels on spot voyage and take ships on time charter, for periods spanning anything from 30 days to five years. We deal in all vessel sizes, from 2,000 to 300,000 tonne DWT tankers. We trade in every market segment, including clean, dirty, LNG and LPG freights. At any given time, we have a fleet of around 10 tankers on time charter, for anything between one month and five years.
For our traders, tankers are mobile terminals. We charter ships as working assets and aim to minimize idle time, while seeking out the best possible return.
The freight desks interact with trading desks to expand the efficiency of the KEYSTONE GROUP. We work closely with our subsidiary Lexcor Energy, especially in Africa, the Middle East and Europe. We give potential buyers the option to buy their commodities with freight, on C+F (cost, and freight) or STS (Ship to Ship) terms.
Our dry freight team supports the Bitumen and Urea division with a chartering service to meet the international dry cargo requirements of the business.
We transport Bitumen from West to East, Urea from the Middle East to India and China and Petrochemicals from the Middle East to India and China.
We also coordinate Train transport from Russia to China.