Lecotra
Oil & Energy - Dubai, Dubai, United Arab Emirates
Lecotra Employees
Lecotra Senior Management
Lecotra Details
LECOTRA is a commodity trading company, active in the field of oil products, liquified petroleum gas, and petrochemical goods with a heavy focus on the logistics. Our specialist team run our own fleet of tanker vessels and chartering operations. We currently have over 200,000 CBM of storage space in the Middle East, Singapore and China. We aim to maintain a healthy and sustainable growth in trading volumes, regions of operations and new assets.The company has offices in Dubai, Singapore and Zug and operations in the Middle East, Asian sub-continent, the Far East, East Africa and Europe. We actively trade fuel oil, middle distillates, gasoline, naphtha, LPG, chemicals, polymers and catalysts. Shipping is at the core of Lecotra's success by providing a logistical edge in the competition and ensuring efficient and timely delivery of our products. Lecotra adheres to all international laws and the local regulations in the countries in which it operates and trades. All activities are conducted in compliance with such regulations and every employee is trained and responsible when it comes to compliance. Our KYC process is designed to understand our counterparty's abidance by such laws, compliance with sanctions regulations and its commercial strength and ethical values. Every supplier, buyer or charterer is vetted through our KYC evaluation to ensure that not only we are following all applicable laws but also, we maintain our business at the highest level of integrity and transparency.Our risk management policy was developed by a select group of experts and aims to cover all credit, market, and operational risks. Credit risk is preliminarily assessed through our KYC process and if not completely mitigated then suitable credit insurance is put in place for the shipments as the credit desk deems necessary. Market risk is managed by our hedging desk and the use of financial instruments such as futures, swap options and other derivatives.
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