Crude oil and refined petroleum products, traded with European discipline.
An intermediary in the European petroleum chain
SHund Trade SIA arranges the supply of crude oil and refined products between European refiners and Eastern European offtakers, operating from Latvia under EU regulatory framework.
We are a Latvian-registered intermediary working within the European petroleum products supply chain. Our role is to structure trades, coordinate documentation, and arrange physical delivery between counterparties — under the regulatory and banking framework of an EU jurisdiction. Our identity, registration, and standing are publicly verifiable.
- Company name
- SHund Trade SIA
- Legal form
- Limited Liability Company (SIA — Sabiedriba ar ierobezotu atbildibu)
- Registration number
- 40203706714
- Registered address
- Krasotaju iela 13A — 45, Riga, LV-1009, Latvia
- Register
- Commercial Register of the Republic of Latvia
Discipline at every link of the chain
Trade execution rests on four operational pillars. Each is run to institutional standards, with named counterparties and independent verification at every step.
- 01 / FINANCIAL
Banking & payments
Trade financing arranged through tier-1 European banks. Documentary letters of credit, standby LCs, and escrow structures matched to counterparty risk profile and Incoterms. Payment terms structured in line with industry conventions.
- Documentary L/C
- SBLC
- Escrow
- Incoterms 2020
- 02 / COMPLIANCE
Compliance & sanctions
EU, OFAC, and UK sanctions screening on every counterparty and cargo. Know-your-counterparty protocols aligned with FATF guidance. Origin documentation and beneficial ownership verification at onboarding.
- EU sanctions
- OFAC
- UK OFSI
- FATF-aligned KYC
- 03 / CARGO
Cargo & quality
Independent inspection at load and discharge ports by internationally recognised surveyors. Certificates of quality and quantity issued by accredited laboratories. Quality specifications referenced to industry standards (EN 590, ASTM).
- SGS
- Intertek
- Bureau Veritas
- EN 590 / ASTM
- 04 / RISK
Insurance & risk
Marine cargo insurance placed through Lloyd's-rated underwriters. Protection & Indemnity cover on chartered vessels. Trade credit insurance available on receivables where commercially appropriate.
- Lloyd's-rated
- Marine cargo
- P&I
- Trade credit
Built for European trade discipline
Latvian incorporation under EU regulatory framework. Independent surveying and verification at every step of the trade execution cycle. Transparent counterparty identity, publicly verifiable through the Commercial Register.
Explore operating framework
Crude oil and refined petroleum products
Crude, gasoil (10 ppm and 50 ppm sulphur), diesel fuel (EN 590), naphtha, and related hydrocarbon fractions. Spot and term contracts referenced to Platts Dated Brent, ICIS, and Argus benchmarks.
See execution detailWhat we do
Principal intermediary in the European petroleum products trading chain.
- 01OriginationEU · Switzerland · ME
- 02StructuringPricing · Docs · LC
- 03DischargeUA · Eastern Europe
SHund Trade SIA is a Latvian-registered independent commodity trading house specialising in crude oil and refined petroleum products. Operating as a principal intermediary, we facilitate the origination, structuring, and physical delivery of hydrocarbon cargoes between established trading counterparties in Switzerland, the European Union, and the Middle East, and licensed offtakers and energy distributors in Ukraine and Eastern Europe. Our core trading activity covers crude oil, gasoil (10 ppm and 50 ppm sulphur), diesel fuel (EN 590), naphtha, and related hydrocarbon fractions. We operate on both spot and term contract basis, with pricing referenced to published benchmarks including Platts Dated Brent, ICIS, and Argus Media assessments. We manage the full trade execution cycle: term sheet and contract negotiation, price fixation and hedging coordination, payment structuring (open account, documentary letters of credit, and bank guarantees), vessel nomination and chartering liaison, cargo surveying, and full documentary compliance — including bills of lading, certificates of quality and quantity, SGS/Intertek inspection reports, and customs clearance documentation. Counterparties benefit from competitive differential pricing, structured payment terms, back-to-back contract execution, and a single point of accountability across the supply chain — from origination through to discharge port delivery.
Ready to discuss a trade?
We onboard counterparties through standard KYC and due diligence procedures. Initial discussions can be arranged within 48 hours.