← Return To Course Library
Course Level
Intermediate
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
24
Pre-requisites
Recommended: International Oil Supply, Transportation, Refining and Trading, or equivalent knowledge.

"This course was very intensive but worth the time and money invested.   It addressed challenges I had on the job." Neconde Energy


Faculty

>Robin A Burley is principal consultant with Kennet Oil Logistics, a company established in 1990 providing expertise in the international supply, trading and transportation sector. During his 30 years experience in the oil industry he has worked with BP including Marine and Supply Departments, and Gulf Oil including Trading and Transportation, Refining and Marketing functions. Besides the day-to-day management and negotiation of oil supply, trading and transportation deals, he has been involved in a variety of oil logistics projects throughout the world. He has lived in the USA, Europe and the Middle East, and is a contributing author to the Oil Trading Manual (pub. Woodhead 1995).


Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

International Trading Operations Practice (CLASSROOM) - TROP


Course Schedule

Date Time Location Price* Registration Deadline**
6-8 Dec 2022
Register
9:00-17:00
London, UK
GBP 2,765 (TROP-BLDN22-12)
28 Oct 2022

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

International Trading Operations Practice is a four-day instructor-led energy trading 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.
 

What You Will Learn

  • The progress of a trade
  • Basic terminology of tankers and freight
  • Key operational clauses in a contract
  • Price pricing
  • 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 and losses

Who Should Attend?

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


Course Content

Contracts

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

Shipping

  • Understanding 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 exposures other than price

Learn Energy
In the Classroom or Online

Contact
© Mennta Energy Solutions/Website by Hazel Digital Media
Back to Top