We bring you the best possible solutions for your company.

Types of Guarantees Include:

Fuel Guarantees For Commercial Clients

• Payment for fuel on credit terms instead of pre-payment (hard cash)
• Existing Bank Guarantees can be replaced which will release valuable capital or assets tied up with the Bank.
• Commercial clients include transport companies, mines, wholesalers, distributing agents, etc.

Fuel Guarantees For Retailers

• Payment for fuel via ACB debit instead of pre-payment
• Premium written off against taxable income
• No assets nor cash collateral required as security
• Capital in the business can improve cash flows and reduce any loan risks or trading risks
• Existing Bank Guarantees can be replaced or topped up (if insufficient) to free up assets
• Opportunity cost

Note: Strict underwriting standards will apply to commercial customers.

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How Does It Work?

The guarantee enables the Retailer to trade on a debit order system (ACB) and the Commercial Customer to enjoy Credit Terms. Without a fuel guarantee, the retailer/commercial client effectively trades on a “hard cash” basis.

Note: The Fuel Guarantee is limited to the respective Fuel Companies that have entered into an agreement with CGIC.

Our Cover Explained.

Comprehensive Documentation: Explore the Downloadable Resources on Benefits, Covered Risks, and Flexible Policy Structures

Brochure –
Fuel Guarantees

Application Form –
Commercial Fuel Guarantee

Application Form –
Retail Fuel Guarantee

Industries experience

Industries

We enjoy working with a wide variety of service businesses.

Years of experience

30

Connections

160K

Countries served

89

Get a personal consultation.

Office

Wanooka Place, St Andrews Rd, Parktown, Johannesburg, 2193

Contact

+27 11 889 7000

Email

#info@cgic.co.za

Open Hours

Monday to Friday: 8am — 5pm

Company Information:
Contact Details:

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