Training

Trading Operations Practice


Learn more Date of Training
30 May 2018

This course provides the detailed practices and techniques involved in trading operations in today's international crude and product markets. It has been designed for front, middle and back office personnel who need a detailed insight into trading operations best practice and emphasises the factors which have impact on corporate profitability and risk. It will also appeal to personnel who have recently joined a trading group of an oil company, investment bank or commodity trading company. Much of the work will be carried out in syndicate groups where teams will simulate real in-company practice, working with other delegates drawn from a wide background of disciplines in the industry.

The course commences with the progress of a trade, and the formation of a contract and moves on to the elements flowing from this that require operations management, including chartering, nomination, documentation and claims.

Each area is discussed in detail and topics such the relevant quality and specifications of actively traded product groups, the logistics of managing pipeline and storage deals and appointment of inspectors are also covered.

The course also highlights critical areas of exposure in oil trading operations and ways to avoid or mitigate problems.

What You Will Learn

 

  • The progress of a trade
  • Basic terminology of tankers and freight
  • Key operational clauses in a contract and areas of exposure
  • Price reporting and pricing clauses
  • Chartering processes and shipping operations
  • Nomination procedures
  • Overview of refining and quality
  • Blending operations
  • Laytime and demurrage
  • Documentation instructions
  • Managing letters of credit
  • Pipeline and storage deal operations
  • Measurement of quantity and quality
  • Cargo insurance, losses & mitigation

 

Managers Return on Investment

By attending this course, your employee will have gained the following:

  • A full understanding of the operational practices involved in the international oil supply and trading arena.
  • “Hands-on” practice in operations problem solving including: freight calculations, contract and credit clause preparation, nomination, documentation, claims, pipelines, storage deal management and terminalling.
  • An appreciation of the contractual relationship between traders and the responsibilities that flow to the operations personnel from this.
  • An introduction to the legal obligations and exposures that are involved in oil and shipping operations and approaches to mitigating problems
  • Recourse to a world-class faculty, experienced in operations and trading, and with significant expert witness experience in court disputes involving international trading and transportation
  • The opportunity to interact and work together with other delegates from a large range of organisations and cultures.

 



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https://mennta.com/public-courses/public-instructo...


Date of Training

30 May 2018

tradingtrading operationsOperationsenergy trainingpower market trainingoil and gas trainingMennta

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