Context:
Mercuria is a major player in the Physical and Financial Global Commodity markets, with major trading centres in London, Geneva, Houston, Singapore, Shanghai and Beijing. We actively trade in all the major commodity asset classes, from Crude and Refined oil products, to power & gas, coal and emissions, through to freight, metals, and agricultural products.
Key Responsibilities
Contracts
- Analyze/check/comparing purchase & sales contracts and to advise contract teams on what needs to be amended/rejected/inserted/deleted in a timely manner.
- Highlight to traders on terms that are ambiguous, illogical and impossible to perform or are to the disadvantage of the company.
Execution of Contracts/Operations
- Taking responsibility for timely and accurate execution of contractual terms & options.
- Knowledge in product blending and storage management
- Checking of quality analysis vs. contractual requirements.
- Ensure receipt and/or passing of timely and accurate nominations, laycans declaration/agreements/instructions.
- Suggest and discuss with traders on optimization of the contract position.
- Coordinate timing of ETA between C/P and commercial contract and optimization of timing. Ensure vessel meets loading and discharge laycans.
- Knowledge, optimization and approximate calculation of demurrage costs.
- Establishing optimal quantity to be loaded, within the contractual quantity operational tolerance, hedging and price, c/p terms & Stowage plan from Master to meet both load port and discharge port restrictions.
- Apart from middle distillates & Gasoline, this operator may also need to cover operations for other commodities as required by line manager.
Documentation
- Issue documentary instructions, inspection order, voyage order, discharge order, custom invoice and LOI.
- Update shipment spreadsheet and storage inventory in a timely manner.
- Ensure neat and proper filing with clear identification and in a timely manner.
- Cross-check shipping documents against LC and documentary instructions and request amendments, where necessary.
Credit
- In –house coordination and with counterparts to ensure L/C is fully negotiable.
Admin duties
- Input of Shipment details in a timely manner.
- Manage cost provisions with direct impact to P&L.
- Price calculation, vouching and coordinating with back office in a timely manner.
- Receive/check/dispatching of Shipping documents in a timely manner.
- Establishing of insurance claims and coordination with Insurance Department.
- Manage receivables and payables like secondary cost.
Technical qualifications and skills:
- Good knowledge of contractual terms (Commercial terms/Credit terms/Inco terms/Shipping terms/Legal clauses).
- Knowledge of required quality specifications and comparison of specifications purchase vs. sale.
- Knowledge of additives doping and blending.
- Knowledge of Charter-Party terms will be an added advantage but not a must
- Experienced in handling multiple loading/discharging and STS operations.
- Experienced in handling storage.
- Experienced in Gasoline blending operations will be preferred
- Knowledge of Bill of Lading terms, Insurance terms, Customs documentations in particular and other Shipping documents in general.
- Knowledge of credit tools (Doc L/C vs. SBL/C vs. Pre-payment vs. open account)
- Understanding of L/C terms and UCP of Letters of Credit.
- Understanding on when financing/LC top-up is required will be an advantage.
Profile:
- Minimum Degree Holder.
- A further professional qualification may be helpful but not essential.
- Pleasant personality with the ability to build up cordial relationship among different departments and offices to enable efficient and effective communication and co-ordination is essential.
- Dynamic and able to work under stress.
- Adhere to company's defined procedures, compliance and contribution to its improvement on a continued basis.
- Pro-active in problems solving together with the team.
- Strong team spirit.
- Flexible, being able to adapt to different scenarios.
- Excellent communication and interpersonal skills.
- Customer oriented and mind-set.
- Good spoken and written English.
- Computer skills (Excel, Word, Powerpoint and other MS office programs experience and knowledge)
