From your enquiry to a delivered cargo
Your requirement proceeds through five stages, from the enquiry you send to the cargo you take delivery of and settle.
How does a trade with Grenelle work?
A trade proceeds in five stages: enquiry (grade, volume, discharge port and pricing basis), offer, contract (SPA) and documentary credit, independent inspection at the load port, and delivery and settlement. Grenelle handles cargoes on a FOB, CFR, and CIF basis.
Enquiry
Grade, volume, discharge port and pricing basis.
Offer
Indicative offer, then firm offer against a confirmed requirement.
Contract
Contract (SPA) and documentary credit.
Inspection
Independent inspection at load port by an internationally recognised surveyor, nominated per contract. Full document set.
Delivery & Settlement
Shipment, outturn inspection, settlement.
On what basis do you take delivery?
Physical cargoes trade on standard international delivery bases. Grenelle handles cargoes on a FOB, CFR, and CIF basis.
The regions Grenelle covers are set out on the Markets page.
Execution network
Grenelle operates through a network of supplier, logistics, storage-terminal, and financial partners that supports its trading operations.
What to expect as a counterparty
Counterparty assessment includes the application of industry-standard KYC, and AML checks to ensure compliance with regulatory standards and industry best practices. Grenelle prioritizes integrity as a fundamental component of its business practices.
Corporate responsibility and the Code of Business Conduct and Ethics are on the Governance page.
Start an enquiry
Grade, volume, discharge port and pricing basis let the desk respond with an indicative offer.
What do I need before making an enquiry?
Four things: the grade, the volume, the discharge port, and the pricing basis. With those the desk can respond with an indicative offer.
- Grade
- Volume
- Discharge port
- Pricing basis