Profile & Services
“We deliver a service, not just a certificate”
Drum Commodities provides a unique combination of pre-deal due diligence and post-transactional risk control underwritten by our Basel compliant Lloyds of London insurance.
In basic terms, our operations undertaken at one specific site is called Collateral Management or Stock Monitoring.
For a supply chain pipeline moving product over considerable distances and often across countries, we have developed our Supply Chain Management package
WHY USE DRUM COMMODITIES?
- Nil losses since starting in 2006
- Reporting – ‘Gold Standard’: daily, detailed, bespoke
- Lloyds of London insurance – fully integrated cover of Legal & Contractual Liability Insurance with Professional Indemnity
- Ex-pat management in all key countries
- Personnel Management: the highest standards possible from management to our staff on site
- UK company as contracting party: full recourse
- Independence – no conflicts of interest
- Internal audits
SERVICES
Collateral management: care, custody & control of stock
- “eyes & ears” on the ground
- warehouse receipts
- stock reporting
- full stock release mechanisms
- seals, locks on all points (during non-working hours)
Full on-site coverage during all working hours
Stock Monitoring: on site monitoring of product
- intake supervision
- record receipts & despatches
- monitor / verify stock levels
- observe & report on conditions of stock, warehouse & surrounds
Frequency: daily (usual) / weekly
Warehouse Inspections: on site checking of product
- stock take
- verification of paperwork
- quantity comparison warehouse records to actuals
- reporting includes site diagrams
- physical check of warehouse structures and surrounds
Frequency: weekly (usual) / monthly
Audits:
- stock count
- verification of paperwork
- reporting
Frequency: monthly (usual)
Project Surveys
- Extensive studies into logistics have included mining projects in Sierra Leone and Tanzania.