Level 21, 45 Clarence Street, Sydney, NSW 2000
Petrobonds, Sydney, NSW
Opening Hours
Open now, Closes in 5 hours
| Friday | 9:00 am - 5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
| Monday | 9:00 am - 5:00 pm |
| The hours on King's Birthday might differ | |
| Tuesday | 9:00 am - 5:00 pm |
| Wednesday | 9:00 am - 5:00 pm |
| Thursday | 9:00 am - 5:00 pm |
updated on 3/7/2024
Opening Hours
Open now, Closes in 5 hours
| Friday | 9:00 am - 5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
| Monday | 9:00 am - 5:00 pm |
| The hours on King's Birthday might differ | |
| Tuesday | 9:00 am - 5:00 pm |
| Wednesday | 9:00 am - 5:00 pm |
| Thursday | 9:00 am - 5:00 pm |
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Description
Petroleum Bonds ("PetroBonds") are an innovative solution to the issue of securing an oil companies financial exposure in the event of default or failure of their wholesale and retail customers.
Traditional security deposits such as bank guarantees and or charges over real estate assets incur an ongoing opportunity cost on a Dealers balance sheet for the life of the petroleum supply agreement.
PetroBonds are provided on an unsecured basis and as such Dealers are free to utilise their cash and or real estate assets as they see fit. PetroBonds incur no ongoing opportunity costs on working capital.
PetroBonds are a simple, cost effective means of meeting a Dealers financial security obligations to their wet stock suppliers.
PetroBonds are available for all retail, wholesale, commercial, aviation and marine accounts.
PetroBonds are underwritten by Liberty International Underwriters (“LIU”).
Categories & Keywords
- Insurance Broker
- Insurance Company
- Petroleum Bond
- Petrobonds
- Corporate Indemnity
Official Data
Company Number
99 603 453 498
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