A structured procurement approach designed to understand the requirement, identify appropriate supply opportunities and coordinate the transaction through to execution.
International energy transactions can involve multiple parties, commercial considerations, product specifications, logistics requirements and documentation.
Meridian brings these moving parts into a structured procurement process so that the requirement can be assessed before the most appropriate sourcing route is pursued.
Every transaction is different. Our process is therefore designed to provide structure without forcing every requirement into the same model.
Our process provides a clear framework for procurement while allowing the commercial and logistical details of each requirement to be handled individually.
The process begins with a clear understanding of what the buyer requires. Product, quantity, destination, timeline, specification and other relevant requirements are established.
Product • Volume • Destination • Timeline • Specification
The requirement is reviewed to determine the appropriate procurement route. Market conditions, supply availability, logistics and commercial considerations may all influence the sourcing strategy.
Market • Availability • Logistics • Commercial Requirements
Appropriate supplier and supply-side opportunities are identified through Meridian's procurement network and international market relationships.
Product • Supplier • Origin • Supply Route
Commercial requirements, documentation and transaction considerations are coordinated between the relevant parties. Information is reviewed as part of the transaction process.
Documentation • Commercial Terms • Counterparties • Requirements
Once an appropriate supply opportunity has been identified, Meridian assists with communication and coordination between the relevant parties as the transaction progresses.
Communication • Documentation • Coordination • Progress
The transaction moves into execution, with delivery and logistics requirements coordinated according to the agreed commercial structure and destination.
Execution • Logistics • Delivery • Completion
A well-defined requirement allows Meridian to assess the available supply routes more effectively and identify the factors that could affect pricing, availability and delivery.
The exact documentation and transaction structure can vary according to the commodity, counterparties, jurisdiction and commercial requirements involved.
You do not need to know the entire procurement process before approaching Meridian. Start with the fundamentals and our team can help structure the requirement.
Tell us which energy product you require, including grade or specification where applicable.
Provide the required quantity, estimated consumption or recurring volume where known.
Tell us where the product needs to be delivered or where the transaction is intended to take place.
Let us know when the product is required and whether the requirement is once-off or recurring.
Basic buyer information helps us understand the commercial context and route the requirement appropriately.
Include any specifications, logistics, documentation or other conditions relevant to the procurement requirement.
Submit your energy requirement and provide as much detail as you have available. Meridian will review the requirement and determine the appropriate procurement route.