Physical crude oil trading and operations


Letters of Credit A clear understanding of Documentary and Stand-by Letters of Credit, including the crucial role an Operator plays to ensure payment performance. Cargo Loss and Reconciliation How cargo loss can be minimised in volume and frequency; the essential steps from pre-loading to post discharge. Our trading presence is underpinned by a complementary infrastructure: The program also includes a very exiting simulated trading exercise.

Understand the impact of maintaining cargo quality, and the correct sampling and analysis procedures. Oil refining and products. The role an Operator has to play in controlling and reducing demurrage costs and supporting effective claim recovery. On day two the program focuses on making money. A clear and concise view of how to conduct and operate cargo discharge operations, including final cargo voyage reconciliation.

Course Details Course Type 2 day non-residential course. Ship Knowledge Gain a greater understanding of tankers and their operational capabilities and limitations. Become familiar with trading techniques, terminology, hedging and physical trading.

The role an Operator has to play in controlling and reducing demurrage costs and supporting effective claim recovery. Ship Knowledge Gain a greater understanding of tankers and their operational capabilities and limitations. All the simulations are based on realistic market scenarios and updated continuously. The program also includes a very exiting simulated trading exercise.

Physical oil markets and pricing. Oil refining and products. Understand the principles of crude oil evaluation and selection. View all trading news Visit the Vitol library.

On day two the program focuses on making money. Effective operations are vital to success in an oil supply and trading business and this course covers those areas with which an Operator needs to be familiar. The course is aimed at all front, middle and back office staff who physical crude oil trading and operations involved with physical trades. Our unique world class simulated trading and operations environments allow both individuals and teams to practically apply the knowledge gained from each lecture instantly. Contract Formation, INCO Terms and Documentation Understanding oil contract formation and the part the operator plays, examining the INCO terms as used by the industry and reviewing the essential documents used in cargo transactions.