Awareness of shipping market terminology and practices is essential.
Prior experience of demurrage claim preparation and negotiation is required.
Experience in a commodities trading environment and/or a highly analytical role is strongly desired.
Familiarity with charter parties, charter party claims handling, or marine insurance is also desirable.
Responsible for global Commodity assets in the UK and continental Europe. The Physical Contracts team forms part of the desk and is responsible for managing the fulfilment and correct performance of physical vessel charter contracts entered into by the Trading desk, while acting as the main point of contact for operational matters.
The purpose of this role is to optimise the P&L performance of the Trading desk by analysing and negotiating final freight and hire calculations, demurrage and other claims, as well as additional supporting tasks to ensure the timely and effective performance of contracts.
Preparation and calculation of demurrage claims, including analysis of charter parties and voyage documents, and verification of details with third parties where required.
Liaison with internal legal team and P&I Club to report and obtain advice on the resolution of demurrage and other claims arising.
Negotiation with external parties of demurrage and other claims, disputes, and overdue or incorrect payments, following received advice where applicable.
Resolution of claims and disputes in a timely and cost-effective manner.
Ensuring internal systems are updated to record the status of any ongoing claims and disputes.
Producing accurate reports outlining predicted and actual demurrage exposure to management and finance, providing commentary where necessary.
Providing support and guidance to operators to control and minimise demurrage exposure.
Assisting chartering and operations with feedback on commercial terms; providing expert advice on laytime-related matters; identifying issues and proposing solutions.
Preparation of freight differential calculations and recoverable disbursement calculations.
Reviewing, interpret ing and correctly applying contract clauses to ensure accurate final hire account settlement.
Drafting, reviewing and obtaining internal approval of letters of indemnity on operator request.