What a broker does
A broker does not own the cargo. We understand what one party needs, find a counterparty whose offer or requirement fits, and help both sides reach terms they can sign.
The value of a broker is in the match and in the clarity of the negotiation. A requirement that is vague on specification, quantity or timing cannot be matched, so we start by making it precise.
How a brokered trade comes together
- Buyer → Yorkwell PetroleumThe buyer sets out the requirement.
- Yorkwell Petroleum → SellerWe take the requirement to sellers whose product fits.
- Seller → Yorkwell PetroleumThe seller returns an offer and product documents.
- Yorkwell Petroleum → BuyerWe present the offer and carry the negotiation.
- Buyer → SellerBuyer and seller sign the contract with each other.
Who is responsible for what
| Task | Responsible |
|---|---|
| Finding a counterparty | Yorkwell Petroleum |
| Due diligence on the counterparty | Each party, for itself |
| Agreeing price and terms | Buyer and seller |
| Signing the contract | Buyer and seller |
| Inspection and payment | As set out in the contract |
We encourage both sides to verify each other, and us. See the products we handle, or how we support payment and quality checks.
Questions we are asked
Does Yorkwell take ownership of the cargo when it brokers?
No. In a brokered trade the buyer and seller contract with each other.
How are brokerage terms agreed?
Brokerage terms are agreed in writing with the party we act for, before introductions are made.
What do you need from me?
The product and specification, the quantity, the destination or loading point, and the timing.