TERMS AND CONDITIONS
These Terms and Conditions ("Terms") govern the engagement of Rollo Energy as a trade facilitation intermediary. By entering into a mandate, NCNDA, LOI, or any commercial agreement with Rollo Energy, the counterparty ("you") agrees to be bound by these Terms.
1. Status and Role
Rollo Energy acts exclusively as a mandated intermediary and trade facilitator. We do not act as principal, trader, buyer, seller, or financial institution. We do not take title to commodities, provide financing, or assume market risk. Our role is limited to facilitating introductions and assisting in the structuring and documentation of transactions between verified counterparties.
2. Mandate and Engagement
Our engagement is formalised through a written mandate or equivalent agreement. No obligation arises from informal communications. A mandate takes effect only upon execution of the relevant document by both parties. We reserve the right to decline any engagement at our sole discretion without obligation to provide reasons.
3. Non-Circumvention and Confidentiality
All counterparty introductions and commercial information shared by Rollo Energy are subject to a Non-Circumvention Non-Disclosure Agreement (NCNDA). By accepting any introduction or receiving counterparty information from us, you agree:
Not to circumvent Rollo Energy in any transaction arising directly or indirectly from our introduction
To keep all counterparty identities, commercial terms, and deal structures strictly confidential
That any breach of these obligations entitles Rollo Energy to claim its full commission on any circumventing transaction, plus applicable damages
The NCNDA obligation survives the termination of any mandate and remains in force for a minimum of five (5) years from the date of introduction.
4. Fees and Commission
Rollo Energy's fees are agreed on a transaction-by-transaction basis and documented in the relevant mandate or fee agreement. Fees are earned upon successful completion of a transaction to which our introduction materially contributed. The specific structure, percentage, and payment mechanism will be set out in the mandate agreement. No fee is payable for transactions that do not close.
5. Compliance and Sanctions
All counterparties engaging with Rollo Energy must:
Represent and warrant that they are not subject to sanctions imposed by OFAC, the EU, OFSI, or any equivalent authority
Represent and warrant that the goods, vessels, and transaction structures involved are not in violation of applicable export controls or trade restrictions
Provide accurate KYC/AML documentation upon request as a condition of engagement
We reserve the right to terminate any engagement immediately and without liability upon identification of a sanctions risk or other compliance concern. Transactions involving Russian-origin crude oil or Iranian crude are outside our scope of engagement.
6. No Warranty on Third-Party Counterparties
While we make reasonable efforts to verify the credentials of counterparties we introduce, Rollo Energy does not guarantee the performance, solvency, or accuracy of representations made by any third party. Each counterparty is responsible for conducting its own due diligence. We accept no liability for losses arising from a counterparty's failure to perform.
7. Limitation of Liability
To the maximum extent permitted by applicable law:
Rollo Energy's total liability to any counterparty in connection with any engagement shall not exceed the fees actually received by us in respect of that engagement
We accept no liability for indirect, consequential, or speculative losses, lost profits, or lost business opportunities
We accept no liability arising from market movements, commodity price fluctuations, or force majeure events