Fewer trades, structured deeper. Each operation is built around product, origin, fiscal envelope and logistics.
Specialty trading. Technical depth. Latin American reach.
Global commodities trading, engineered for Latin America.
Karpol Trading SA is a specialty commodities and petroleum-derivatives trading house, built to unlock Latin America for international supply and to give regional buyers a competitive, compliant route to the product they need.
Montevideo / Latin America
Built for the last mile into Brazil.
Import licensing, fiscal structuring, terminal access, customs clearance and delivery discipline integrated into one trading architecture.
Trading
Downstream
Fiscal engineering
Operational execution
Our edge sits in the execution layer where international supply becomes delivered product.
Every operation is structured within the legal and regulatory framework of the jurisdictions involved.
Who we are
A specialty trading house for markets where execution matters.
Karpol Trading SA is focused on commodities, petroleum derivatives and adjacent industrial products, with Latin America and Brazil in particular as its core market. The company was founded to close a structural gap in the region: a market shaped by bureaucracy, layered taxation and operational friction.
We are not a volume-driven generalist. Karpol is built around tailor-made supply: each client is read on demand, and each operation is engineered around its product, origin, fiscal treatment and logistical reality.
Why Karpol exists
Latin America is not a quote-and-flip market.
Bureaucracy, fragmented taxation, import licensing, infrastructure bottlenecks and capital cost create a permanent friction layer between competitive international supply and end-demand. Karpol was founded to operate exactly in that layer: translating supply into landed, compliant, competitively priced product.
What we do
Two operating modalities. One engineered approach.
Modality 01
International Commodity Trading — a full-cycle operation from demand capture to delivered product, with Karpol as principal.
Modality 02
Brazil Import Structuring & Fiscal Engineering — international sourcing layered with a Brazilian landing that converts tax complexity into a competitive cost advantage.
Capabilities
Four institutional capabilities that deliver both modalities.
Counterparty selection, sourcing and benchmarking.
Product sourcing, pricing discipline and commercial risk management across international supply networks.
Fiscal engineering as a competitive layer.
Fiscal benefit regimes, cash-flow engineering, partner structuring and import licensing discipline.
Single accountable interface.
Coordination across supplier, freight, insurance, terminal, customs broker, fiscal counsel and end-client.
Energy-focused, technically screened.
Petroleum derivatives, fuels, base stocks, specialty chemicals and adjacent industrial commodities.
How we work
Built backwards from the delivered position.
Specification, volume profile and timing.
Tax structure, licensing and cash-flow impact.
Freight, terminal access, insurance and customs path.
Supplier, product availability and documentary chain.
Competitive landed position and execution plan.
Differentiators
Specialty trading, engineered rather than improvised.
We take fewer trades and structure each one deeper.
Import licensing, fiscal regimes, customs and terminal access.
Downstream, logistics and finance/pricing covered by senior partners.
We optimize for the next ten operations, not the next one.
Product, origin, logistics, documentation and cash flow are stress-tested upfront.
Legal and regulatory discipline is non-negotiable.
Leadership
A complementary leadership team for end-to-end commodity operations.
EM
Downstream Specialist
Eduardo Moreira
Nearly four decades across refining, downstream operations, oil products trading and project development in Latin America.
- Chemical Engineer, UFRJ; MBA, Coppead-UFRJ.
- Former COO, Refinaria de Manguinhos.
- Led oil and bunker business development at Porto do Acu.
GP
Logistics & Operations
Gabriel Pacheco
Operational and foreign-trade execution specialist, with direct experience building Brazilian import structures from the ground up.
- Supply Chain Director, Oily Lubrificantes e Quimicos.
- ANP, customs, insurance, storage and road freight execution.
- Contract and spot supply with domestic and international counterparties.
DM
Finance & Pricing
Daniel Moreira
Financial structuring, tax modelling, trading economics and pricing discipline for import and export operations.
- Ex-Equity Research, XP Inc. and Athena Capital.
- Corporate finance, FP&A, M&A and Investor Relations background.
- Focus on pricing, cash flow, fiscal benefits and risk discipline.
Mission
Deliver competitive, compliant and reliable supply into Latin America.
We combine technical depth, fiscal engineering and operational discipline into tailor-made trading operations.
Vision
Become the reference specialty trading house for Latin America.
Recognised for technical substance, operational execution and the long-term quality of commercial relationships.
Products
Technical product database for specifications and measured parameters.
Technical database
34 product sheets structured from technical data.
Browse certificates, product sheets and specifications by product. Cards display document type and key available parameters: measured results, minimum/maximum limits and typical values.
34products
166tests
599data rows
No products match the current filters.
Code of Ethics
Integrity is not a policy. It is the structure.
"We do not tolerate undue payments, illicit advantages or practices that compromise the integrity of operations. Commercial, technical and financial information is treated with reserve and responsibility."
— Karpol Trading SA Code of Ethics and Conduct
Karpol operates strictly within the legal and regulatory framework of every jurisdiction in which it does business.
The company maintains a formal Code of Ethics and Conduct covering workplace conduct, integrity, confidentiality and governance.
We do not tolerate undue payments, illicit advantages or practices that compromise the integrity of operations.
Commercial, technical and financial information is treated with reserve and responsibility.
Contact
Speak with a team that understands product, structure and execution.
Send the product context, origin, destination, estimated volume and commercial need. Karpol will assess the structure and return with the next steps.
Commercial
commercial@karpoltrading.com
Operations
operations@karpoltrading.com
Trading Desk
trading@karpoltrading.com
Headquarters
Colonia 810, Piso 403
Montevideo, Uruguay - CP 11100