A back-to-back principal trading desk.
Estal organises two structured flows — crude oil into qualified Chinese refinery demand, and petrochemical product out of Chinese plants into international buyers — with operational fluency in the Chinese refinery and petrochemical industry.
A desk, not a brokerage chain.
Estal acts as principal on qualified transactions, structuring parallel upstream and downstream contracts with disciplined documentation, LC sequencing and counterparty screening. Vessel handling, port coordination and bank-to-bank correspondence all sit inside the desk.
Desk-level execution end to end.
- Sourcing. Engagement with international producers and authorised marketing teams; engagement with Chinese plant-side procurement on the outbound side.
- Structuring. Back-to-back principal contracts with sequenced terms across the two sides.
- Banking. Sight LC, transferable LC, and SOE-supported finance arrangements with disciplined bank-to-bank correspondence.
- Vessel. Vessel nomination, sanctions and IMO screening, charter terms aligned to delivery structure.
- Port. Discharge slot coordination, surveyor appointment, customs sequencing, demurrage management.
- Settlement. Documentary presentation, payment cycle, post-cargo reconciliation.
Qualified counterparties only.
Engagement begins with KYC and counterparty screening — origin, beneficial ownership, sanctions, AML, vessel and bank — before commercial discussion. We engage with principals and authorised marketing teams; we do not work through unauthorised broker chains.
The boundary, stated explicitly.
- No cargoes or products of unclear origin.
- No false documentation under any circumstance.
- No public disclosure of refinery, plant or producer counterparties.
- No unauthorised marketing or broker chains.