Product knowledge is imperative for GCC to understand the risks associated with the stock under our control. To that effect, we have a dedicated Operations Auditor tasked with developing product specifications and providing adequate training to the Operations Team. The Operations Auditor role is segregated from Operations in that the Auditor reports directly to the Board on any matters of concern involving GCC’s operations.    

Collateral Management of Assets

CMA involves GCC taking full, 24/7 control over stock after completion of detailed due diligence at the storage facility. Physical security measures include locking & sealing of storage facilities, issuance of electronic warehouse receipts, regular stock counts to reconcile theoretical with actual balances, use of tally- and incident books as well as other customized solutions to mitigate the risk of unauthorized stock releases. These measures are further enhanced by unannounced internal- and external audits at the various sites. Although impossible to fully eliminate risk, GCC’s liability and outturn guarantees provide assurance to our Clients in terms of our commitment to securitization of assets under our control. Strict protocols are followed to ensure that even the slightest breaches and stock discrepancies are identified and reported to stakeholders immediately.

136173053 - bulk white urea fertilizer in warehouses waiting to be delivered to customers

Stock Monitoring of Assets

SMA is a lesser liability engagement whereby GCC is contracted to report at agreed intervals on stock positions as at date and time of such attendance.  Stock survey reports are issued to detail the Inspector’s findings.

Coal discharging operation on bulk ship.

Inspections and vessel superintendence services

Include quantity verification, quality inspections, sampling, analysis, testing- and tally services.  These services are tailored to meet our clients’ needs. 

Insurance Services

GCC in conjunction with EIRS (an authorised financial services provider) offer insurance broking services to wide variety of clientele. Our services include risk analysis, risk management, client needs analysis, insurance solution design, placement of cover and on-going management of insurance cover. We are agency holders with major insurers in South Africa and the rest of the world. We have offices located in SA, Mauritius, Kenya, Tanzania, IVC, Zambia and Dubai.

Our products and expertise extend and include:

Marine Insurance:

Stock Throughput Policies (STP) are designed for companies that import, distribute, or export merchandise. The policy provides cover for all moveable goods (inventory) that are the subject of the insured’s trade, including raw materials, semi-finished, and finished products whilst being transported by Sea, Land, Air or Rail

Trade Credit Insurance:

Credit Insurance is designed for companies willing to accept a degree of risk share and looking for an insurance partner to back up their credit management. Trade Credit insurance provides coverage in the event of the debtor/ buyer, not paying their debts to the insured, due to protracted default, insolvency or business rescue

Agri and Assets all risks:

Agricultural insurance protects against loss of or damage to crops or `livestock’. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. Assets all risk insurance provides coverage against Fire, Explosion, Acts of nature and other such perils. Primary cover is for the assets of the client such as buildings, stock, equipment and vehicles and such

Financials Lines and Guarantees

Financial Lines coverages ensure the financial stability of your organization and the personal financial protection of your leadership and officers in the event of expensive lawsuits triggered by the decisions or actions of employees, board members, or officers acting on behalf of your company. As opposed to obtaining bank guarantees, Insurers can offer financial guarantees via insurance products. This includes bid bonds, construction guarantees, advance payment guarantees etc.