Being a physical energy trader, Bering is subject to oversight regulatory authorities worldwide.
Being a physical energy trader, Bering is subject to oversight regulatory authorities worldwide. Virtually every aspect of our business is affected to a greater or lesser degree by regulations covering health and safety, insurance, emission and environmental control, product, cargo and financial crime, international trade and sanctions, and banking, exchange, and derivatives market rules.
To ensure compliance within such an extensive and constantly evolving regulatory environment, we maintain rigorous corporate protocols and a strict compliance program. This activity is overseen by our Compliance Department, which provides oversight, advice, and training for Bering trading centers worldwide. In all operations, Bering adheres to the laws and regulations to which it is subject, both international and local, in the jurisdictions in which it operates.
Bering is proactive in addressing evolving compliance standards. This includes taking steps to strengthen contract language with counterparties to enhance contractual prohibitions against trading with countries and entities under economic sanctions.
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Bering trading is established as a major international company in the Supply Chain and trading of Petroleum products, Steel, Agrochemicals and Petrochemicals industry, with extensive trading services.