About Us

Midgulf has built strong Diligent Risk Management and
Trade Finance Management policies, that will ALLOW
Midgulf to grow profitably and sustainably.

Risk Management policies include:

• Detailed due diligence for new and prospective clients is executed through mutual contacts, trusted banks’ references, and acquiring and scrutinizing financial statements.
• Other Risk Management Policies include strong financial protection for the group, through applying confirmed Letter of Credits for new businesses and clients that are acceptable to our banks.
• In cases where there is no RMA between the Group’s banks and the clients’ banks; the Trade Finance team has a strong network of intermediary banks to facilitate important transactions.
• In very special cases, the Group would accept open credit especially with European clients but will involve credit multinational trade Credit Insurance providers (e.g., Euler Hermes, Coface, Credendo and others) in order to mitigate risks.
• For new Midgulf Business, other than traditional European, US, and Brazil reliable clients who transact basis Cash Against Copy Documents, business will take place through sight, and deferred payment, LCs, .
• In cases where Midgulf would accept deferred payments, Midgulf will work with our esteemed banks to discount the proceeds once shipping and production documents are deemed confirmed and 100% compliant.

Sourcing and Origination:

• Midgulf’s supply chain includes fully vetted suppliers and only first-class global producers.
• Middle East and North Africa: Midgulf will seek to establish LCs or Standby LCs with Producers. In some instances, Urea producers especially in Egypt or Arabian Gulf Countries, require advance payments and do not accept LCs as part of their internal policies.
• China: Payment instruments are slightly different when dealing with Chinese producers, as they require partial prepayment before shipping, and balance amounts against Copy Of Shipping Documents; Few producers in China accept sight LCs.
• Open Positions: Subject to market conditions, Midgulf could occasionally engage in open trading positions in anticipation of Market Fluctuations. i.e., if the Leadership Team Expects new international tenders and anticipates price rises, the team could “Go Long” and decide to purchase several Product Lots ahead of Tender floating according to Risk Management Team.
• Inco Terms and Shipping: More than 90% of Midgulf business is based on CFR (Cost and Freight) Inco term; Midgulf works with global producers in places such as Middle East, North Africa, Europe and China. Those Producers usually provide specific shipment windows and hence as a Global Trader; Midgulf charters its own vessels/tankers through our network of respected global shipping brokers.

• Midgulf maintains long-lasting, strong relationships with major international banks such as banks in Geneva: BNP Paribas*, Credit Agricole*, BCP, Credit Europe, BIC-BRED, Societe General, Credit Suisse and Arab Bank,
• Other international Banks include Standard Chartered Bank Middle East, Garanti Bank Holland, HDFC, and ICICI, Bahrain.
• Midgulf global trade finance insurance provider since 2018 is Euler Hermes.
• Midgulf Global Auditing firm for more than 10 years is Deloitte.