What is the Shell Screen?

Shell Screen

Shell Screen London…There is no such thing!

The “Shell Screen” is an old Joker Broker myth based on a very thin application of truth. There is no “Shell Screen Company” in London run by Lloyds of London or the NNPC or anyone else. The “Shell Screen” doesn’t exist, it is a complete MYTH.

Here is what the Shell Screen is:

It is a tool provided by Shell Oil to allow refineries (only refineries) to verify the particulars about a scheduled product set to be lifted. It is a data base where refineries can look up the numbers on a Proof of Product document (POP) and verify that the product has actually been allotted and given the Authority to Sell, (ATS) to be sold (from a Shell-managed terminal).

People in the secondary market don’t like to see this because it means they can not pre-verify the legitimacy of an offering before presenting it to the end buyer.

The frustration brokers have with this is that Shell Oil will not even allow a buyer or a broker without a refinery license number to get access to the registration page.

It was set up for the benefit of the primary market. In this way, the Majors are attempting to keep all of the mess with brokers out of their business.

It is part of the “old boys club”, so as a broker or a commodity house buyer/seller you will not be able to get access.

Now, you see, just stating “verifiable on the Shell Screen” is actually more trouble than it is worth.

 

~Eastern Union Energy