Trading & Shipping
TRADING of petroleum products is carried out on the international markets, through the purchase and sale of transport contracts for petroleum products and their derivatives according to the rules and standards regulating the world trade.
These transactions take place either through long-term contracts signed between producers and final users (refineries), or in the form of short-term trade deals involving a specific shipment called “Spot Purchases.”
Shipping activity (maritime transport) is a chartering operation of tankers of various sizes to transport traded products on the international market from the oil terminal of loading (the production site) to the unloading destination port (places of consumption such as the port of Mohammedia in the case of SAMIR refinery).
There are three types of chartering operations:
- Bare boat : the ship owner commits to make available to the charterer a tanker for a pre-defined period either with a complete crew or without shipyard and crew. The charterer has the nautical and commercial management of the tanker.
- By journey : The owner commits to make a tanker available to the charterer for a pre-agreed journey and maintains its nautical and commercial management.
- By time : The owner commits to make available a tanker to the charterer for a period of time (several months or several years). He maintains its nautical management whereas the charterer the commercial one.
The document explaining the charter contract is called a charter-party. It defines the commitments of each party. Being legally binding, it is a legal act constituting a charter contract, in other words, the agreement through which the ship owner rents their tanker to a charterer with the aim of transporting cargo.
SAMIR uses ASBATANKVOY to respond to its wider interests in the maritime transport industry. The aim is to minimise the risks and ensure more flexibility in its operations. SAMIR also chose to charter SHELLVOY VESRION 6, which is well known and used by various international companies.
Both trading (business deals) and shipping (maritime transport) activities are strategic for SAMIR’s development. Their common mission is to secure and diversify petroleum product supply sources. This is focused on the exploitation process of production and the optimisation of facilities in order to improve the refinery’s profitability.
SAMIR takes into account two constraints in this business :
The national environment regulated by governmental authorities.
The international environment controlled by free-trade law.
SAMIR gives these activities a great deal of importance throughout human, technological and financial means made available. The refinery has a modern platform equipped with the latest technological tools, which allow a real time connection with markets and financial information providers. These investments allow SAMIR to be a dynamic player, which has reached over the years a level of professionalism internationally appreciated and recognised.
Our trading and shipping entities maintain special relationships with the biggest oil companies. Which strengthens our customer panel helping capitalise and conclude deals and contracts through financing from the most prestigious banks thanks to SAMIR reputation and the trust enhancing its notoriety and its image, as well as the confidence it has gained amongst the international financial scene.