Oil/Dry Bulk Trading Operator

Oil/Dry Bulk Trading Operator Jobs Recruitment 2022

Job Title: Oil/Dry Bulk Trading Operator

Job Location: Dubai

Job Type: Full Time

Job Details

Main Purpose: Support team of contracts, shipping, and trade finance operations responsible for the safe and timely execution of company’s physical cargo deliveries. The Operator shall coordinate and/or execute all aspects of the deals and deliveries, as well as assist traders and managers for a safe opening, execution and closing of each transaction, contract, bank security and shipping related action. The Operator shall also get involved in the day-to-day activities that include: – Purchase and sale contracts preparation – Freight/Post fixture operations and their respective charter-parties – Bank security instruments used for such executions (documentary and standby letters of credits) – Claims management – Diligent review of contract, shipping, and bank instruments execution. – Problems solving Knowledge Skills and Abilities, Key Responsibilities: – At least 5 years of similar experience in the Oil, Metals, any Dry Bulk cargo, Agri commodities. Other products experience is an added advantage. – Expert knowledge of oil, coal, metals or agri logistic operations. – Import and export letters of credits handling (drafting, opening, optimisation and closing) is a must. – Strong numerical and commercial mindset are very important. – Good coordination and planning skills to liaise on tight logistics deadlines – Ability to be flexible and work to deadlines and under pressure. Key responsibility Reporting to Head of Trade Finance & Operations and coordinating with peers and traders. 1. Contract management: Contract drafting, vetting, optimisation Contract execution (invoicing, payments, release orders) Cargo Insurance management (negotiation, declarations, policies renewal) 2. Shipping: Vessel chartering including freight/fixture terms /negotiation and finalisation with trading team. End to end post fixture operations of vessel. Freight differential calculation 3. Documentation including Operations & Execution documentary instructions in adequation with contracts and letters of credit, Coordination with agents, owners, terminals. 4. Insurance: Taking care of Marine cover for the cargo, arranging required Insurance policies, as per trade requirement. 5. Trade finance execution – L/C drafting and optimization (import vs export L/C) – L/C execution and invoice + documents negotiation – L/C deadlines management (expiry dates, shipment dates, etc.) 6. LOI submission and follow up for necessary documentation at discharge port 7. Claims & Demurrage – Operational claims management: – Quantity or quality claims – Demurrage/despatch, detention – Calculation of laytime, demurrage, etc. 8. Data management: creation, update, controlling and closing of “deals’ profit & loss” in database. 9. Communication & coordination Co-ordination with peers and all stakeholders for efficient contract, shipping and L/C execution.

Posted Date: August 18, 2022 at 01:10PM