Responsibilities
- Understand contractual terms and obligations to fulfil shipment requirements for dry bulk commodities (e.g. Coal & Nickel)
- Liaise with counterparts on vessel nomination, load and discharge port agent details, stowage plan etc.
- Prepare LC draft and liaise with banks for LC issuance.
- Liaise with customers on LC opening, verifying bank creditability, resolve discrepancies and have customers issued LC on timely basis.
- Verify LC and other information to ensure compliance with agreement.
- Prepare and ensure shipping documents to comply with LC requirements. Liaise with bank directly for LC negotiation
- Update buyers and sellers on vessel movement
- Check and/or prepare invoices and relevant documents from supplier / to Buyer to ensure compliance with terms of agreement.
- Prepare letter of indemnity (if required).
- Prepare lay time calculations (demurrage, dispatch), for buyer calculate discharging lay time, for seller; resolve issues as required.
- Monitor cashflow for both receivables and payables.
- Ensure all month end transactions are complete within stipulated timeline.
- Updates system to ensure cash flow is sufficient to process payment.
- Monitor shipment status using an Excel tool.
- Upon loading of shipment, record quality, quantity, bill of lading and all shipping documents; checking against buyers LC or shipping instructions.
- Monitor demurrage and/or dispatch receivables or payables.
- Work collaboratively with the team to provide support and coverage as required.
Requirements
- Minimum Diploma in business
- Relevant experience in coal/nickel trade operations.
- Strong Knowledge of Letter of credit & UCP600
- Familiarity with shipping (bulk) and usage of laycan and demurrage, particularly on FOB-CFR shipments
- Proficient understanding of contractual commercial terms and its risks & obligations
- Knowledge of International Metals Trade (related to procedural flow of trade, B/Cs, B/Ls, L/C negotiation, Security Trade Control, Internal Control) will be favorably considered.
- Knowledge of the commodities market and common facilities/functionalities required in the market
- Proficiency in SAP system (financial module) & Commodities Trading Systems
How To Apply
If you are a team player, meticulous & organized, and more importantly, believe that YOU CAN MAKE A DIFFERENCE, we would like to hear from you.
Submit your application by emailing a detailed copy of your updated Resume in MS Word Format to Raymond Gan (EA Personnel Reg. No. R1988743, Achieve Career Consultant Pte Ltd EA Licence No. 05C3451) by clicking the Apply Now or contact Raymond at 9297 1560 for a confidential discussion.
