Principles
- Integrity
- We deal honestly and keep to professional standards in every relationship.
- Accountability
- Each decision has an owner who answers for it.
- Transparency
- We give counterparties clear and accurate information.
- Responsibility
- We take account of the wider duties that come with working in the energy industry.
How a decision is made
- ConsiderationThe commercial, operational, financial and compliance questions are identified.
- EvaluationThe information available is weighed against the requirements that apply.
- DecisionThe person with authority for the matter decides.
- ReviewThe decision is followed through and the result is fed back.
Compliance and responsibility
We conduct our business under the laws that apply to it, including sanctions and anti-money-laundering rules. We review the counterparties we deal with, and we expect them to review us.
Petroleum products are hazardous goods. Where we coordinate storage, transfer or transport, we work with operators who are responsible for the safety and environmental rules of their own facilities.
Leadership
Leonard Scott, Chief Executive Officer, leads the company. Company details are on the About Us page.
Policies
Our code of conduct sets the standards we apply to ourselves and expect from partners. Our compliance policy explains how we check counterparties before a trade.
Questions we are asked
Does Yorkwell screen its counterparties?
Yes. We review the counterparties we deal with against the laws that apply, including sanctions rules, and we expect to be reviewed in turn.
Who is accountable for decisions?
Each decision has an owner. The company is led by Leonard Scott, Chief Executive Officer.
Which laws apply to Yorkwell?
Yorkwell Petroleum is a Texas company. It conducts its business under United States law and the laws of the places where a trade is carried out.