We use financial instruments to manage foreign exchange risk interest rate risk. Prices of oil, natural gas and refined products generally denominated in, or linked to, U.S dollars, however in recent times we have seen our counterparts, both oil and gas producers and oil and gas consumers, demanding to transact in alternative currencies and forms of payment such as the Euro, Chinese Yuan, or Cryptocurrencies. Our finance team provides itself on flexibility and providing these unique service applications to our clients. We accommodate these niche request to transact in currencies other than the U.S Dollar.

Credit risk is the potential exposure of the group to losses when counterparties fail to perform or pay due amounts. Credit risks arise from both commercial partners and financial ones. Gulf Sea maintains close contact with various EAC’S (Export Credit Agencies), both state and private in order to obtain open credit insurance on each one of our clients, suppliers, and service providers. Our in-house trade finance experts encourage the use of trade instruments which effectively transfer credit worthiness from our counterparties to the banks which facilitate the high value transactions. Our markets analyst team keeps a close eye on sovereign and political risk changes.