
Oil Trade Analyst Officer
Last Updated: 8th November 2017 (over 5 years ago)
Summary
Education
MSc Telecommunications and Networks
Sep 2009
— Oct 2010
BTech Electronics and Electrical Engineering
Feb 2001
— Dec 2005
Experience
Oil Trade Analyst Officer
Mar 2014
— Current
• Monitoring and ensure appropriate shipment of all logistics are put in place.
• Ensure that all obligations that could arise from the contract or charter party are followed and that every necessary requirement is met such as naval clearance, import permit,vessel notification, product certification, opening of bank instrument like letter of credit or bank guarantee and so on.
• Appoint independent inspectors, expeditors and shipping agents
• Participate in all Automotive Gas Oil product activities and out of hour’s coverage arrangements.
• Responsible for daily monitoring of Petroleum Products Prices.
• Ensure that we have a good turn over calculating the P & L and getting a good pricing from our product marketers such as Oryz, Sahara Group, Forte Oil and so on.
• Assist in dealing with all oil movements such as to make cargo and vessel nominations, prepare and send voyage orders and monitor progress of vessels
• Perform all trades through various electronic mediums of communication.
• Ensure that every/any necessary financial security is in place such as Letter of Credit (LC), Bank Gurantee (BG), and so on
• Responsible for gathering information and compile data for reports as regarding pricing to be presented to management in order to know if bringing in cargo will be profitable or not.
• Liaise with charterers to ensure smooth operations avoid supply disruption and minimize demurrage costs.
• Monitoring all competitive purchases and tenders for supply to ensure best rates.