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Oil Trader Academy (Module 1)
IBH and ICE Education are committed to continue your professional development and our Market leading Oil Trader academy now delivered to you virtually. The Live Virtual Sessions are led by experienced trader and cover all trading concepts of the physical crude oil & products markets. Open discussions and on-demand digital content will complement your online learning.

Part 1. Introduction to Oil Markets and Trading
• Supply and Demand
• Production and Refining
• Contracts and Clauses
• Spot and term contracts
• Incoterms and transfer of risk
• Quantity and Quality: key elements and trading tools
• Timing: delivery dates and contract performance
• Payment and Credit terms: when and how you get paid
• Legal clauses: jurisdiction and applicable law
• Prices: fixed and floating prices
• Prices and Pricing
• Reference prices for crude and products
• Market structure and prices: contango and backwardation
• Timing of the Price Formula: choosing dates
• OSP’s and the Market
Part 2. Shipping
• Basics of oil tankers and operations
• Choosing vessels: acceptability and vetting
• Hiring vessels: markets and terms
• Charterparties: spot and term
• Key clauses: laytime, demurrage, options
• Freight rates: lump sum, dollar per tonne, Worldscale
Part 3. Prices, Risk and Hedging
• Understanding Price Exposure: Long and Short
• Hedging: basics of protecting a position
• Derivatives: Futures, Swaps and Options
• Brent Complex: CFD’s, DFL’s, BFOET and the rest
• Products prices: outrights, cracks and spreads
• Arbitrage: risks and strategies.

One week post course: Live group ‘Q&A Clinic’ with trainer
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Each Part Duration: 5 Hours
Total: 15 hours

15 International Industry Certificate of the IBH and ICE Futures

Jul 20, 2020 09:00 AM in London

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