Fuel Guarantees | Wholesale & Retail
Fuel Guarantee
Security for fuel suppliers who offer a credit line to wholesalers or retailers.
Our Fuel Guarantees provide financial protection to fuel suppliers against the risk of default payments by their clients for the purchase of fuel or fuel-related products.
Benefits of a PCBS Fuel Guarantee:
- Frees up retailers’ and wholesalers’ cashflow that would otherwise be used to purchase fuel or fuel-related products upfront.
- Allows suppliers to provide fuel on credit with assurance that they’ll be compensated for any payment default.
- Supports new retailers by reducing overall set-up costs.
- Promotes business growth for suppliers.
Apply for a Fuel Guarantee in 2 steps:
1. Download and complete the relevant application form
2. Email the completed form and all supporting documents to your broker or to info@pcbs.co.za
Fuel Guarantee
FAQs
Why are Fuel Guarantees used?
Fuel Guarantees allow fuel retailers or wholesalers to purchase fuel on credit, while protecting suppliers against the financial risks associated with this practice.
Who needs a Fuel Guarantee?
Petrol station owners, fuel wholesalers and distributors, transport and logistic fleets, and mining and agricultural businesses need Fuel Guarantees to avoid upfront cash payments for fuel.
What’s involved in getting a Fuel Guarantee?
Securing a PCBS Fuel Guarantee involves 3 basic steps:
- You apply for a Fuel Guarantee Facility (including submitting documents such as application form, financial statements, tax clearance certificate, list of personal assets and liabilities, and ID copies).
- We assess your creditworthiness, business history and risk profile to calculate your guarantee limit.
- If you’re approved, we issue a guarantee to the fuel supplier. You can then purchase fuel on credit.