Due to our demand, relationships, and the strength of our first-rate LCs, as well as extensive availability of liquidity through backing of closely related partner companies and strong relationships with a number of banks well known in the commodities sector, we are always intent to purchase on large term contracts to leverage scale for our clients.
Due to our good standing with many players in the industry, we are easily able to leverage these relationships to arrange all forms of shipping. This includes crude, product, petrochemical, LNG, LPG, bulk and container vessels.
We are in the fortunate position of holding takeoff agreements with several refineries and tradinghouses in Europe and Asia. This allows us to sell at scale and operate with industry-standard term contracts. Due to distribution and manufacturing ties we also provide a variety of customers with copper, gold and rare earths.
We are proud to consider Azery Light BTi the flagship product of our company. This high-in-demand light crude oil, is native to our home, the Republic of Azerbaijan and we have successfully engineered the sale of 6.7mln barrels over a 12-month term contract to a variety of clients in Asia as of September 2023. Despite hitting our allocation capacity, we have successfully secured availability of an additional 8.4mln barrels from December 2023 onwards.
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