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International Business House

International Oil Trading - Operations Manager

International Business House
In London (England)
Emagister-Preis

3.010 € 2.107 
*Orientierungspreis
Originalpreis in GBP:
£ 2.700  £ 1.890

Wichtige informationen

Tipologie Kurs
Ort London (England)
Dauer 4 Days
Beginn nach Wahl
  • Kurs
  • London (England)
  • Dauer:
    4 Days
  • Beginn:
    nach Wahl
Beschreibung

Learning opportunities: During the week delegates will learn the techniques involved in trading and how to manage day-to-day problems. After reviewing the background of supply, refining and transportation, the programme focuses on the key markets, pricing and the mechanisms involved in trading. The course programme is based on the combination of theory knowledge delivered by the ICE Futures lectures, practical workshops and trading games.
Suitable for: This course is for personnel who are entering the trading arena, oil company staff who interface with the oil trading sector and require a better understanding of trading practice. The participants of the course will be issued an international certificate of the ICE Futures

Wichtige informationen

Preis für Emagister-Nutzer: Register before 1st January and get 30% discount

Einrichtungen (1)
Wo und wann
Beginn Lage
nach Wahl
London
9 Appold Street, EC2A 2AP, London, England
Karte ansehen
Beginn nach Wahl
Lage
London
9 Appold Street, EC2A 2AP, London, England
Karte ansehen

Was lernen Sie in diesem Kurs?

Volatility Trading
Bonds Trading
Trading Options
Trading
International Trade
Trader
Trading Strategy

Themenkreis

Course review:

During the week delegates will learn the techniques involved in trading and how to manage day-to-day problems. After reviewing the background of supply, refining and transportation, the programme focuses on the key markets, pricing and the mechanisms involved in trading.

The course programme is based on the combination of theory knowledge delivered by the ICE Education lectures, practical workshops and trading games.

Programme:

Introduction

  • Oil markets – the fundamentals
  • Basic drivers of oil demand
  • Details and structure of oil demand
  • Oil production and supply
  • Studying oil flow
  • Trading opportunities
  • Crude oil markets
  • Crude oil pricing
  • Crude oil benchmarks

Oil products markets

  • What is different?
  • The geography of the market place
  • Usage and critical quality parameters
  • Arbitrage in price and quality
  • Product flow and trading opportunity
  • Product benchmarks

Trading roles – the role of the operator

  • Proactive operations and planning
  • Front / middle / back office


Negotiation – What do you negotiate in a physical deal

  • Discovery of contract clauses
  • Explanation of value
  • Difference between FOB and CIF contracts
  • Examination of inco terms

Procedural aspects associated to the contract

  • Entering into a contract
  • Verbal vs. writing
  • Confirmation process
  • Breach / Reputation / force majeure

Practical application

  • Case study – Looking at a contract – where are the errors

Review

  • Contract structure and terms

General Terms and Conditions

  • Why do they exist?
  • Advantages and disadvantages
  • Some examples of ow terms differ

Teams exercise – Negotiate a contract

  • Activity to demonstrate commercial obligations

Areas of contention / negotiating a settlement

  • Quantity and quality
  • Dispute resolution
  • ADR / Arbitration / Litigation (etc)

Inspection and Inspector agreement

Risk in trading

  • Types of Risk
  • Credit evaluation and ranking
  • Credit formula in credit management

Payment terms

  • Types of credit
  • Letters of credit
  • Role, obligations and rights of banks
  • Letters of indemnity

Practical Application

  • Checking a contract and a letter of credit

Commercial aspects of a Charter party

  • The process of chartering
  • Different types of charter
  • Key clauses

Demurrage

  • Laytime
  • Laydays
  • Exceptions
  • Demurrage in sales contracts

Practical Application

  • Case study to calculate demurrage

Legal aspects of the charter party

  • Standard terms
  • Obligations
  • Special clauses
  • Carriage of goods at sea
  • Pollution

Documentation

  • Bills of Lading
  • Purpose / rights etc
  • Stale B/L’s

Best operational procedure

  • Nomination
  • Documentary instruction
  • Substitutions

Case study and scenario an operational procedure