Celebrating over 20 years in Petroleum Bonds
PetroBonds is recognised as the market leader in performance bonding for the Petroleum Industry in Australia and New Zealand.
PetroBonds has been providing Petroleum Bonds (”PetroBonds”) to the Australian and New Zealand downstream petroleum markets since 1995.
Petroleum Bonds ("PetroBonds") provide retail and wholesale petroleum dealers with an alternative form of contractual security to bank guarantees.
PetroBonds specialise in the downstream petroleum markets (available to retail, wholesale, commercial, aviation and marine accounts) and have developed a reputation as a trusted, reputable source of advice and capacity in this niche market.
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 also 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.
Petrobonds product and services are recognised and accepted by leading Oil Companies and Bulk Fuel suppliers in our region, including Allied Petroleum (NZL), Caltex Australia Petroleum Pty Ltd, Dib Group t/a Metro Petroleum, Liberty Oil Australia Pty Ltd, Lowes Petroleum Service, Mogas Regional Pty Ltd, Reliable Petroleum Pty Ltd, North Coast Petroleum Pty Ltd, Pacific Petroleum Pty Ltd, Petro National Pty Ltd, Puma Energy Australia Pty Ltd, Tasco Inland Petroleum Pty Ltd, Viva Energy Australia Pty Ltd (Shell) and Z Energy Limited (NZL).
Petrobonds are underwritten by Assetinsure Pty Ltd, a specialist APRA regulated insurance company that offers coverage for select product lines including Surety (Performance Bonds & Supply Bonds), Mining Rehabilitation Bonds and Credit Enhancement. Since May 2018 our Petroleum Bonds have been underwritten by Assetinsure Pty Ltd through an MGA with Lombard Insurance Company Limited from South Africa. In early 2019 the Lombard Group based in Johannesburg, purchased Assetinsure Pty Ltd.
Assetinsure Pty Ltd is a specialist APRA regulated insurance company that offers coverage for select product lines including Surety (Performance Bonds & Petroleum Bonds), Mining Rehabilitation Bonds and Credit Enhancement.