Trade Operations (Bulk Commodities)
- Full time
- Singapore, Singapore View on Map
- posted 3 days ago
- Posted: January 4, 2025 -Accepting applications
Job Detail
Job Description
- Understand contractual terms and obligations to fulfill shipment requirements for dry bulk
commodities. - Upon confirmation of trade, examine contracts of sales and purchase to confirm timing,
commodity brand, terms of payment. - Liaise with counterparts on vessel nomination, load and discharge port agent details, stowage
plan etc. - Prepare LC draft and liaise with banks for LC issuance.
- Liaise with customers on LC opening, verifying bank creditability, resolve discrepancies and have
customers issued LC on timely basis. - Verify LC and other information to ensure compliance with agreement.
- Prepare and ensure shipping documents to comply with LC requirements. Liaise with bank directly for LC negotiation.
- Update buyers and sellers on vessel movement.
- Check and/or prepare invoices and relevant documents from supplier / to Buyer to ensure
compliance with terms of agreement. - Prepare letter of indemnity (if required).
- Prepare lay time calculations (demurrage, dispatch), for buyer calculate discharging lay time, for
seller; resolve issues as required. - Monitor cashflow for both receivables and payables.
- Ensure all month end transactions are complete within stipulated timeline.
- Updates system to ensure cash flow is sufficient to process payment.
- Monitor shipment status using an Excel tool.
- Upon loading of shipment, record quality, quantity, bill of lading and all shipping documents;
checking against buyer’s LC or shipping instructions. - Monitor demurrage and/or dispatch receivables or payables.
Requirements
- Minimum Diploma in business.
- At least 5 years of experience in a dry-bulk commodities position, preferably metals.
- Strong Knowledge of Letter of credit & UCP600.
- Familiarity with shipping (bulk) and usage of laycan and demurrage, particularly on FOB-CFR
shipments. - Proficient understanding of contractual commercial terms and its risks & obligations.
- Proficiency in SAP system (financial module) & Commodities Trading Systems.
