PETROLEUM BONDS
Our guarantee products are underwritten by CGU Insurance Limited (“CGU”). CGU are licensed and supervised by the Australian Prudential Regulation Authority (“APRA”) and are licensed to operate in Australia, are highly regarded insurers in international markets and are independently rated by both Standard & Poors and A.M. Best.
We aim to provide a simple, cost effective alternative to bank guarantee security which allows dealers to maximise their working capital whilst still meeting the contractual requirements of their petroleum supply partners.
Petroleum Bonds “Petro Bonds”
Petroleum Bonds. It makes good sense.
Commercial Indemnity Pty Ltd provides the Australian and New Zealand petroleum industries with 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.
We have specialised in this market since 1996 and today are proud to say our bond products have been vetted and are accepted by the leading oil companies in the world, examples being Exxon Mobil, BP, Shell Oil Company, Caltex Australia and United Petroleum.
About Petro Bonds
COMMERCIAL INDEMNITY PTY LTD ABN 44 103 983 777
