Demurrage Analyst - 6 Month Fixed Term Contract

Based: London
Salary: Competitive

Our client is a leading International Integrated Energy Trading Company; a trader of Commodity and Energy products including Crude and Oil Products, Gas, Power and LNG.

The Demurrage Team is responsible for handling payable and receivable demurrage and shipping related ancillary charges. Covering contract, charter party and barge demurrage; they are responsible for the verification, negotiation and payment of demurrage claims, and other related shipping costs such as deviation, detention, port costs etc., in order to minimise exposure to claims wherever possible.

As a Demurrage Analyst, you will work as part of a team and your key responsibilities will include but may not be limited to:

  • Contractual Demurrage: As directed and guided by the Demurrage Manager, issues, negotiates settlement of and recovers contractual receivable demurrage claims always within time bar deadlines. Analyses and negotiates contractual payable demurrage claims.
  • Charter Party Demurrage: As directed by the Demurrage Manager, receives, analyses and settles charter party demurrage claims.
  • Issues, negotiates, analyses and settles barge demurrage claims.
  • Co-operates closely with all other departments, especially trading and contracts department, where advice on terms relating to laytime and demurrage is required. Good advice is essential to reduce the company’s exposure at source within contract terms.
  • Accurately and thoroughly maintains Excel tracking database of all payable and receivable claims. This is the ‘master’ document and accuracy is essential as this data is used to support trading P&L.
  • Assist to prepare financial monthly report for line management as required with content to include assets monthly reports identifying root-cause analysis and time-line report.

EXPERIENCE REQUIRED:

  • Extensive and proven experience within a similar role in Shipping
  • Understanding of oil contracts, products, grades, qualities, geopolitical and environmental influence on commodity markets
  • Excellent working knowledge of BEEPEEVOY 3 and industry GT&C’s

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