Claims/Demurrage Analyst (Oil )
- Full time
- Singapore, Singapore View on Map
- posted 2 weeks ago
- Posted: May 6, 2024 -Accepting applications
Job Detail
Job Description
Responsibilities
- Handle oil trading contract claims, calculate, analyze, and put forward feasible proposals to the trading team.
- Liaise and negotiate with suppliers’ counterparties for claims, maintain a pro-active approach and endeavor to maximize the receivable claims and try to achieve win-win solutions with payable claims.
- Effectively manage open demurrage claims and keep track of growing volumes, be sensitive to any potential snowballing of aging claims and pro-actively work with appropriate business units to keep track and settle the claims.
- Identify exposures to the company and report traders and shipping team lead on pending claims that may have adverse impacts on the company.
- Compile and report monthly trading demurrage report.
- Handle all ad-hoc demurrage inquiries and reports from HQ.
- Maintain smooth relationship with counterparts to maintain company image in the market and facilitate smoother negotiations and claims agreements.
- Coordinate with trading operators closely and maintain a healthy inter-intra-departmental working relationships.
- Work closely with other demurrage claims colleagues and cover each other’s work scope when necessary.
Requirements
- Bachelor’s degree in maritime, shipping, logistics or equivalent.
- Min 3 years of relevant working experience in shipping or oil trading industry.
- Good understanding of contracts (incoterms FOB, CIF, DES), charter parties, and key lay-time and demurrage provisions.
- Strong analytical skills and commercial awareness.
- Possess good verbal and written negotiation skills.
- Good team player and self-motivated. Meticulous and inquisitive.
