Eurabelt PublicationsTHE RECORD OF THE CUSTODIAL ORDER
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Refining capacity has roughly halved since 2020. The majority of refined product is now imported — and each cargo is a fresh counterparty assessment falling on importers least equipped to…
Canada is deliberately ending a single-customer export model. Each waterborne cargo introduces undisclosed principals, third-party charterers and multi-jurisdiction vessel ownership that…
A portfolio rebuilt at speed from more origins, through more intermediaries, is a portfolio requiring more counterparties to be verified correctly — against regimes that do not agree with…
Record 2026 exports created counterparty relationships formed under compressed diligence. Those relationships persist after the disruption resolves; the diligence abbreviated at the time is…
Britain has lost a third of its refineries since January 2025. A country that refines its own crude verifies its supply chain structurally; a country importing finished product verifies it…
Vision 2030 is moving petroleum-adjacent commerce out of a single well-resourced national operator and into hundreds of smaller entities — each carrying, individually, the documentary risk…
