Petroleum Bonds (PetroBonds)

PetroBonds is recognised as the market leader in petroleum bonding for the Petroleum Industry in Australia and New Zealand.

PetroBonds has been providing Petroleum Bonds (”PetroBonds”) to the Australian and New Zealand downstream petroleum markets since 1995.

Petroleum Bonds (“PetroBonds”) provide retail and wholesale petroleum dealers with an alternative form of contractual security to bank guarantees.

PetroBonds specialise in the downstream petroleum markets (available to retail, wholesale, commercial, aviation and marine accounts) and have developed a reputation as a trusted, reputable source of advice and capacity in this niche market.

LeaseBonds for Petrol  / Service stations were introduced in 2020 as a unique product for retail customers to assist in securing their leases without the need for cash outlay.

Traditional security deposits such as bank guarantees and or charges over real estate assets incur an ongoing opportunity cost on a Dealers balance sheet for the life of the petroleum supply agreement.

PetroBonds are provided on an unsecured basis and as such Dealers are free to utilise their cash and or real estate assets as they see fit. PetroBonds incur no ongoing opportunity costs on working capital.

PetroBonds are a simple, cost effective means of meeting a Dealers financial security obligations to their wet stock suppliers.

PetroBonds are also an innovative solution to the issue of securing an oil companies financial exposure in the event of default or failure of their wholesale and retail customers.

Call 02 8274 2868 and ask for the Petrobonds team, or email us at

Petrobonds product and services are recognised and accepted by leading Oil Companies and Bulk Fuel suppliers in our region, including:

Allied Petroleum (NZL), Ampol Australia Petroleum Pty Ltd, Dib Group t/a Metro Petroleum, Liberty Oil Australia Pty Ltd, Lowes Petroleum Service, Mogas Regional Pty Ltd / Reliable Petroleum Pty Ltd, Pacific Petroleum Pty Ltd, Petro National Pty Ltd, Chevron Downstream Fuels Australia Pty Ltd, Tasco Inland Petroleum Pty Ltd, Viva Energy Australia Pty Ltd (Shell), Westside Petroleum Pty Ltd and Z Energy Limited (NZL).

​Petroleum Bonds and LeaseBonds are underwritten by Assetinsure Pty Ltd through an agency agreement with HDI Global Specialty SE. HDI holds an A+ rating from the top rating agencies, Standard and Poor’s and A.M. Best. HDI is part of the Talanx Group and is a strong and established player within the international insurance market.

Petro LeaseBonds

Leasebonds are an alternative to bank guarantees for commercial lease agreements and are identical to a bank guarantee; they have the same wording and are an unconditional, irrevocable, pay on demand undertaking.

Leasebonds free up the cash collateral that is to be provided by the lessee in order to obtain a bank guarantee; the lessee’s working capital is improved by retaining valuable cash reserves. No tangible securities are required from the lessee. In order to qualify they will undergo a credit check, and once approved pay an annual premium.

Leasebonds carry exactly the same obligations at law as a bank guarantee while delivering a flexible and effective alternative to traditional guarantees.

For further information email us at

Need more information? Download our Petrobonds brochure here.

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