Prince Source
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Privacy Policy

Last Updated: June 9, 2025

Table of Contents

At Prince Source, we are committed to protecting your privacy and ensuring the security of your personal information. This Privacy Policy outlines how we collect, use, store, and protect your data when you use our website or services. By accessing our website or using our services, you consent to the practices described in this policy.

1. Information Collection

We collect information to provide and improve our services to you. The types of information we collect include:

1.1 Information You Provide to Us

  • Contact Information: Name, email address, phone number, company name, job title, and address.
  • Business Information: Company details, business requirements, and transaction preferences.
  • Documentation: Business registration documents, proof of funds, letters of intent, and other transaction-related documents.
  • Communication: Information you provide when contacting us, including inquiries, feedback, and support requests.
  • Account Information: Login credentials and preferences if you create an account with us.

1.2 Information We Collect Automatically

  • Device Information: IP address, browser type, operating system, and device identifiers.
  • Usage Data: Pages visited, time spent on our website, links clicked, and other interaction data.
  • Location Information: General location based on IP address.
  • Cookies and Similar Technologies: Information collected through cookies, web beacons, and similar technologies.

2. Use of Information

We use the information we collect for the following purposes:

  • Providing Services: To facilitate petroleum brokerage transactions, connect buyers and sellers, and provide requested services.
  • Communication: To respond to inquiries, provide customer support, and send important updates about our services.
  • Transaction Processing: To process and complete transactions, including document verification and payment processing.
  • Improving Services: To analyze usage patterns, identify trends, and enhance our website and services.
  • Security: To protect our website, services, and users from fraud, unauthorized access, and other security threats.
  • Compliance: To comply with legal obligations, including anti-money laundering (AML) and know your customer (KYC) requirements.
  • Marketing: To send promotional materials, newsletters, and other marketing communications (with your consent where required by law).

3. Use of Cookies

Our website uses cookies and similar technologies to enhance your browsing experience and collect information about how you use our site.

3.1 Types of Cookies We Use

  • Essential Cookies: Necessary for the website to function properly. These cannot be disabled.
  • Functional Cookies: Enable enhanced functionality and personalization, such as remembering your preferences.
  • Analytical Cookies: Help us understand how visitors interact with our website by collecting and reporting information anonymously.
  • Marketing Cookies: Used to track visitors across websites to display relevant advertisements.

3.2 Cookie Management

You can manage your cookie preferences through your browser settings. Most browsers allow you to:

  • Block all cookies
  • Delete existing cookies
  • Be notified when cookies are being sent
  • Allow only certain types of cookies

Please note that blocking or deleting certain cookies may impact the functionality of our website.

4. Data Sharing Practices

We may share your information with the following parties and under the following circumstances:

  • Business Partners: With buyers, sellers, and other parties involved in petroleum transactions, as necessary to facilitate your requested services.
  • Service Providers: With third-party vendors and service providers who perform services on our behalf, such as payment processing, data analysis, email delivery, and customer service.
  • Legal Requirements: When required by law, regulation, legal process, or governmental request.
  • Protection of Rights: When we believe disclosure is necessary to protect our rights, property, or safety, or that of our users or others.
  • Business Transfers: In connection with a merger, acquisition, reorganization, or sale of all or a portion of our assets.
  • With Consent: With your consent or at your direction.

We do not sell your personal information to third parties for monetary compensation.

5. User Rights

Depending on your location, you may have certain rights regarding your personal information, including:

  • Access: The right to request access to your personal information.
  • Rectification: The right to request correction of inaccurate information.
  • Deletion: The right to request deletion of your personal information.
  • Restriction: The right to request restriction of processing of your data.
  • Data Portability: The right to receive your data in a structured, commonly used format.
  • Objection: The right to object to processing of your personal information.
  • Withdraw Consent: The right to withdraw consent at any time.
  • Complaint: The right to lodge a complaint with a supervisory authority.

To exercise any of these rights, please contact us using the information provided in the "Contact Information" section below. We will respond to your request within the timeframe required by applicable law.

6. Security Measures

We implement appropriate technical and organizational measures to protect your personal information against unauthorized access, accidental loss, alteration, or destruction. These measures include:

  • Encryption: We use industry-standard encryption technologies to protect data transmission and storage.
  • Access Controls: We restrict access to personal information to authorized personnel only, based on job function and role.
  • Secure Infrastructure: Our systems are hosted in secure environments with appropriate physical, technical, and administrative safeguards.
  • Regular Audits: We conduct regular security assessments and audits to ensure the effectiveness of our security measures.
  • Employee Training: Our staff receives training on privacy and security practices to ensure proper handling of personal information.

While we strive to protect your personal information, no method of transmission over the Internet or electronic storage is 100% secure. We cannot guarantee absolute security of your data.

7. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes for which it was collected, including:

  • Providing requested services and maintaining business relationships
  • Complying with legal and regulatory obligations
  • Resolving disputes and enforcing agreements
  • Protecting against fraudulent or illegal activity

When personal information is no longer needed, we will securely delete or anonymize it in accordance with our data retention policies and applicable laws.

8. International Data Transfers

As a global petroleum brokerage company, we may transfer your personal information to countries outside your country of residence, including countries that may have different data protection laws. When we transfer personal information internationally, we implement appropriate safeguards to ensure that your information receives adequate protection, such as:

  • Standard contractual clauses approved by relevant data protection authorities
  • Data transfer agreements with recipients
  • Compliance with applicable cross-border transfer mechanisms
  • Obtaining your consent for specific transfers where required

9. Children's Privacy

Our services are not directed to individuals under the age of 18, and we do not knowingly collect personal information from children. If we become aware that we have collected personal information from a child without parental consent, we will take steps to delete that information. If you believe we may have collected information from a child, please contact us using the information provided in the "Contact Information" section.

10. Changes to Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices, technologies, legal requirements, or other factors. We will notify you of any material changes by posting the updated Privacy Policy on our website and updating the "Last Updated" date at the top of this policy. We encourage you to review this Privacy Policy periodically to stay informed about our data practices. Your continued use of our services after any changes to this Privacy Policy constitutes your acceptance of the revised policy.

11. Contact Information

If you have any questions, concerns, or requests regarding this Privacy Policy or our data practices, please contact us using the information below:

Prince Source Petroleum Brokerage

  • 14 Birchtree Hollow
    Willenhall, West Midlands
    United Kingdom WV 12 4AR
  • privacy@princesource.com
  • +447946584024
  • Data Protection Officer: Prince Moshood Arojojoye

Your Acknowledgement

By using our website and services, you acknowledge that you have read and understood this Privacy Policy and agree to its terms.

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