Terms & Conditions

1. Corporate Identity & Management Authority

1.1 Corporate Structure & Brand Identification

Dukani Petroleum is a trading style of Dukani Global Capital Ltd (established 2006; celebrating 20 years of operations as of 2026, hereinafter referred to as the "Company"). All commercial transactions, physical commodity supply contracts, and platform interactions conducted under the Dukani Petroleum brand are legally bound to and executed under the corporate liability and governance of Dukani Global Capital Ltd.

1.2 Administrative & Governance Oversight

The operational, financial, and compliance affairs of Dukani Petroleum are governed under the oversight of the Board of Directors and designated Compliance Committee of Dukani Global Capital Ltd ("Governance Body"). The Governance Body retains authority over:

• a) Risk management, physical trade compliance, and operational integrity directives.
• b) System updates, counterparty onboarding criteria, and credit/settlement limits.
• c) Auditing compliance across trading counterparties, transport operators, and institutional users.

1.3 Amendments & Policy Revisions

The Company reserves the right to modify these Terms and integrated operational policies at its discretion.

• Notice Period: Material governance or operational changes will be communicated to active trading accounts and counterparties thirty (30) days prior to taking effect.
• Binding Acceptance: Execution of subsequent trade confirmations, purchase orders, or platform logins after the effective date constitutes explicit acceptance of the revised Terms.

2. Regulatory Compliance, Sanctions & Commodity Controls

2.1 Statutory & International Compliance

Counterparties and trading clients agree to comply strictly with all local and international statutory laws governing energy trading, oil and refined petroleum products, and financial transactions, including:

• Foreign Corrupt Practices Act (FCPA), UK Bribery Act 2010, and local anti-bribery regulations.
• Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Know Your Customer (KYC) directives.
• Maritime and transportation safety regulations applicable to physical energy logistics.

2.2 Global Sanctions & Trade Embargoes

Dukani Petroleum operates in strict alignment with trade restrictions, sanctions lists, and embargoes enforced by the UN, US (OFAC), EU, UK (OFSI), and primary port state control authorities.

• Counterparties warrant that neither their entity, subsidiaries, beneficial owners, nor vessel operators are subject to economic sanctions or named on targeted trade blocked-persons lists.
• Any transaction involving sanctioned crude, refined fuels, or restricted entities is grounds for immediate contract termination and regulatory reporting without liability.

3. Account Onboarding, Roles & Access Control

3.1 Onboarding & KYC Due Diligence

Access to trade execution, price quotes, and product allocations is contingent upon passing Dukani Global Capital Ltd's corporate onboarding process. Users must maintain current corporate filings, ultimate beneficial owner (UBO) declarations, and financial references.

3.2 Authorized Representatives & Delegated Authority

Trading counterparties must explicitly designate "Authorized Representatives" permitted to execute trade confirmations, initiate drawdowns, or issue delivery orders on their behalf.

• The counterparty remains fully liable for all binding agreements entered into by its Authorized Representatives.
• Prompt written notification must be submitted to Dukani Petroleum upon any change or revocation of an Authorized Representative's authority.

4. Operational Oversight, Trade Audits & Verification

4.1 Trade Inspection & Quantity/Quality (Q&Q) Verification

For physical commodity transactions, Quantity and Quality (Q&Q) assessments are conducted at the load port or discharge point by an independent, mutually agreed-upon international inspection agency (e.g., SGS, Saybolt, Bureau Veritas). Independent inspector findings shall be final and binding on both parties, save for fraud or manifest error.

4.2 Proactive Monitoring & Audit Rights

To maintain corporate integrity and financial security, Dukani Global Capital Ltd reserves the right to review trade execution logs, transaction histories, and settlement records. Dukani Petroleum reserves the right to temporarily suspend trading accounts or withhold deliveries if:

• Unresolved compliance, sanctions, or KYC anomalies are detected.
• Operational safety protocols or credit thresholds are breached.

5. Risk Allocation, Disputes & Jurisdiction

5.1 Tiered Dispute Resolution Framework

Any dispute, breach, or claim arising out of or in connection with trades, contracts, or these Terms shall be handled via the following structured process:

1. Executive Negotiation: Parties agree to enter direct, good-faith negotiations between senior executives of both companies for a period of thirty (30) days following formal written notice.
2. Formal Arbitration: If unresolved through negotiation, the dispute shall be referred to and finally resolved by binding international commercial arbitration under the rules of the London Court of International Arbitration (LCIA) or the Singapore International Arbitration Centre (SIAC), as specified in the underlying trade confirmation.

5.2 Governing Law

These Terms, along with all trading activities conducted under the Dukani Petroleum trading style, are governed by and construed in accordance with the laws of England and Wales, without giving effect to conflict of laws principles.

5.3 Force Majeure & Maritime Excuses

Dukani Petroleum shall not be held liable for failure or delay in performance caused by events beyond reasonable operational control, including but not limited to: severe weather, maritime accidents, war, blockades, port closures, embargoes, pipeline failures, or governmental quota interventions.

6. Precedence & Inter-Document Hierarchy

In the event of a conflict between these general governance Terms and a fully executed Sale and Purchase Agreement (SPA), Deal Confirmation Sheet, or Master Trading Agreement executed by Dukani Global Capital Ltd, the specific terms of the executed SPA or Confirmation Sheet shall prevail.