HOME
 

Trading Operations Practice

Mennta Energy Solutions
Course summary
3 days
4,485 USD
English
Singapore
Open / Scheduled

Course description

Trading Operations Practice is a three-day instructor-led course presented by the energy training experts at Mennta Energy Solutions. 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.

Course topics include:

  • 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

Suitability - Who should attend?

Industry professionals within an oil/energy trading department with responsibilities in front, middle or back office functions.

Training Course Content

Contracts

  • The legal requirements of a contract
  • Structuring the key terms of a contract and price
  • Contracts and controls

Shipping

  • Understanding of the basics and terminology
  • Calculation of freight and Worldscale
  • Chartering process and key terms
  • Shipping operations
  • Demurrage

Contract Operations

  • Nomination procedures
  • Documents and the Bill of Lading
  • Price reporting
  • Letters of credit and the banks

Quantity and Quality

  • Measurement of quantity and quality
  • Product types & grades
  • Relevance of product qualities
  • Significance of reproducibility and repeatability

Logistics

  • The Loading and discharging process
  • Blending linear and non linear
  • Other logistics – including pipeline operations
  • Storage logistics – agreements, inventory and operations
  • Transaction costs
  • Inspection of cargo and vessel
  • Insurance, losses and claims in oil and shipping

Case studies and Exercises include:

  • Freight and Worldscale
  • The spot crude sale contract
  • Blending to meet product quality
  • Letter of Credit documentation
  • Pipeline economics
  • Storage
  • Demurrage
  • Operational/legal exposures

Suitability

Industry professionals within an oil/energy trading department with responsibilities in front, middle or back office functions.

Content

Contracts

  • The legal requirements of a contract
  • Structuring the key terms of a contract and price
  • Contracts and controls

Shipping

  • Understanding of the basics and terminology
  • Calculation of freight and Worldscale
  • Chartering process and key terms
  • Shipping operations
  • Demurrage

Contract Operations

  • Nomination procedures
  • Documents and the Bill of Lading
  • Price reporting
  • Letters of credit and the banks

Quantity and Quality

  • Measurement of quantity and quality
  • Product types & grades
  • Relevance of product qualities
  • Significance of reproducibility and repeatability

Logistics

  • The Loading and discharging process
  • Blending linear and non linear
  • Other logistics – including pipeline operations
  • Storage logistics – agreements, inventory and operations
  • Transaction costs
  • Inspection of cargo and vessel
  • Insurance, losses and claims in oil and shipping

Case studies and Exercises include:

  • Freight and Worldscale
  • The spot crude sale contract
  • Blending to meet product quality
  • Letter of Credit documentation
  • Pipeline economics
  • Storage
  • Demurrage
  • Operational/legal exposures

About provider

Mennta Energy Solutions, formerly The Oxford Princeton Programme, addresses the knowledge gaps of energy professionals throughout the world with innovative and proven training techniques – instructor-led and online. The effectiveness of the training can be measured by the over 100,000...


Read more and show all courses with this provider

Request info

Fill out your details to find out more about Trading Operations Practice.

  Contact the provider

  Get more information

  Register your interest

Contact info

Mennta Energy Solutions

Oxford

 Show phone number
www.mennta.com


Request information

Find out more about this Trading Operations Practice course - simply fill out your details:

 
U.K. L&D Report: 2018 - Benchmark Your Workplace Learning Strategy

Are you curious about the L&D strategies of some of the U.K.'s top companies?

Find out what they're up to in findcourses.co.uk's second annual U.K. L&D Report!

uk-ld-report-2019

Learn more

 
Find a course for you!

  Read the course
 summary on this page

 Fill in your details and Request information

 Receive all the info you need

 
Find more courses here