Oil Commodity Trade

BODHI Petrol Solutions (BPS) is a contract consulting firm who connects sellers and buyers for liquid bulk crude and refined products from around the world.

Experienced suppliers, traders and end-buyers of crude oils and refined petroleum products understand clearly that there are three main pillars to all successful operations: Supply, Logistics and Funds. 

BPS’s proficiency in securing and maintaining all three, has resulted in the expansion of our network/operations, both in number and geographic area, providing the reach to facilitate trades all over the world

Both crude oil and refined products at some point during the supply chain are held in storage tanks farms. BPS enjoys relationships with many companies that own tank farms both regionally and globally.

 Annual quantities of oil transported by sea are enormous. Almost 38,000 tankers are used to transport various oil products all over the world. BPS has new and long-standing relationships with shipping organizations, agents and companies around the world related to safely transporting quantities ranging from 50,000 to 125,000 metric tons of refined products and up to 2,000,000 barrels of crude. 

 Considering the requirements of banks to place financial instruments vary, BPS’s approach when selling/buying product is to first identify those requirements then comply with them. 

In most cases ‘Top 25’ banks, like JP Morgan Chase and Truist  Financial, are used by both parties. In all cases, the Uniform Customs and Practice for Documentary Credits (UCP 600) rules governing credit transactions and as prepared by the International Chamber of Commerce (ICC) are followed.