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Physical Oil Trading
This is an interactive online course with live presentations and open discussions. The class lasts two hours. Participants will share an online Power Point and live white board explanations.

Participants are expected to have a very basic knowledge of oil markets.

The course will cover physical oil trading deals and how traders look at contracts and clauses, terms and conditions and market practices. The goal of all traders is to make money or minimize losses; the first step is to create a deal. All the terms of the contract contribute to profits or losses. This class will look at a few of those key terms and clauses.

As we look at each subject, we will be asking how a trader uses it and how it can help make money.

Trading:
What is trading?
Who are oil traders and what do they do?

How does the market work?
Term contracts
Spot contracts
Who uses which?

Contracts:
Why do they exist?
Who needs them?
What are the risks in physical trading?

Elements of the Contract:

Incoterms:
Key Incoterms for Oil Trading
Differences between the terms: prices and obligations
Traders vs Suppliers

Inspection and Inspectors
Independent inspectors and sharing costs
Who does the testing?

Quantity Clause
Measuring Oil in different markets
Where is oil measured?
Operational tolerance
Optionality

Quality and Specifications
Who cares about quality?
How and where is quality checked?
Guaranties, typicals and actuals

Pricing Clauses
Pricing: common practices
Using pricing as a trading tool
Selecting prices and references
Choosing when to price the oil
Market structure and pricing

Questions and Answers are welcome throughout the course.

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Please check your time zone:
@ 9 am in London
@ 12 pm in Dubai
@ 4 pm in Singapore
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Course Duration: 2 Hours

2 CPD credits Industry Certificate

May 26, 2020 09:00 AM in London

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