Terms of Service

These Terms of Service (“Terms”) govern your access to and use of the The Petroleum Exchange platform (“Platform”), operated by Demarco Ventures LLC (“The Petroleum Exchange,” “we,” “us”). By submitting an application, signing in, or otherwise using the Platform you agree to be bound by these Terms. If you do not agree, do not use the Platform.

Access to The Petroleum Exchange is by application only. You must be authorised to act on behalf of the organisation you name in your application. We reserve the right to approve or decline any application at our sole discretion, with or without reason.

You are responsible for keeping your sign-in credentials secure and for all activity under your account. Notify us immediately at hello@thepetroleumexchange.com if you suspect unauthorised access.

The Petroleum Exchange is a counterparty alignment platform for the petroleum trade. The Platform routes seller procedures to compatible buyers through an operator-mediated matching process. The Petroleum Exchange is not a broker, trader, agent, or party to any underlying commodity transaction. We facilitate matches; we do not execute or guarantee any deal.

Matches are initiated solely at The Petroleum Exchange’s discretion. Submission of a procedure or buy offer does not create an entitlement to a match or any particular result.

When a The Petroleum Exchange-facilitated match results in a completed transaction, a match fee of US $2.00–$3.50 per metric tonne applies. The fee obligation and its allocation (“seller,” “buyer,” or “split”) are confirmed in the deal messages at opening. Payment is due within fourteen (14) days of invoice issuance by wire transfer to the account details provided in the invoice.

The Petroleum Exchange reserves the right to waive or adjust fees at its sole discretion. Fee adjustments do not affect the non-circumvention obligation described in the NCNDA/IMFPA.

Parties matched through the Platform are required to acknowledge a Non-Circumvention, Non-Disclosure & International Master Fee Protection Agreement (“NCNDA/IMFPA”) before the deal messages open. The NCNDA/IMFPA is a binding legal obligation. Its terms are published at thepetroleumexchange.com/legal/ncnda and govern any dispute arising from a match regardless of whether the underlying transaction closes.

You agree not to:

• submit false, misleading, or fabricated documents or representations;
• circumvent The Petroleum Exchange’s matching process or fee arrangement;
• share another participant’s contact details outside the deal messages;
• use the Platform for any unlawful purpose including sanctions evasion;
• attempt to reverse-engineer or scrape the Platform.

Violation of these rules may result in immediate suspension and legal action. The Petroleum Exchange reserves the right to terminate any account at its sole discretion.

Vetting tiers (T1–T5) reflect information submitted by participants and, where applicable, third-party verification via BPV. The Petroleum Exchange does not independently verify all submitted information and makes no representation as to the accuracy or completeness of any participant’s profile. Higher tiers increase visibility in the matching pool but do not constitute an endorsement by The Petroleum Exchange.

The Platform is provided “as is” and “as available” without warranty of any kind. The Petroleum Exchange does not warrant the creditworthiness, regulatory standing, or ability to perform of any participant. Each participant is solely responsible for its own due diligence.

The Petroleum Exchange shall not be liable for any indirect, incidental, consequential, or punitive damages arising from your use of the Platform, including loss of profits or failure of a transaction to close, even if advised of the possibility of such damages.

To the fullest extent permitted by law, The Petroleum Exchange’s total liability to you for any claim arising from these Terms or your use of the Platform shall not exceed the greater of (a) the total fees paid by you to The Petroleum Exchange in the twelve months preceding the claim, or (b) US $500.

These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict-of-law provisions. Any dispute shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association, conducted in English. You waive any right to participate in a class action.

We may update these Terms from time to time. Material changes will be communicated by email or by a notice in the Platform. Continued use of the Platform after the effective date of updated Terms constitutes acceptance.

Questions about these Terms should be directed to hello@thepetroleumexchange.com.