Oil Trading and Operations

This training course gives an insight into the crude oil and products trading markets and, the operations and control of supply contracts, including shipping.

This four day course will cover and discuss the following topics:

  • The operations process
    • Documentation
    • Role obligations and rights
    • Letter of credit
    • Letter of indemnity
    • Cargo inspection
    • Areas of contention
    • Breach
    • Dispute resolution
  • The shipping market
    • Chartering
    • Freight costing and worldscale rates
    • Vessel vetting and nomination
    • AFRA rates and demurrage
  • Refining industry
    • Refining economics
  • Pricing in oil markets
    • Benchmarks and differentials
    • Price makers and price takers
  • Oil fundamentals
    • Industry structure
    • Reserves and supply
    • Demand
    • Factors that affect demand
    • Geography of demand
  • Trading oil
    • Market participants
    • Oil contracts and clauses
    • Product quality
    • Deal negotiations

This course is designed for those interested in gaining a thorough understanding of the
International oil trading business.

Course consultant : Christopher Heilpern, Business and Training consultant

Are you looking for a particular type of training that’s not on our schedule?

We can collaborate with you to create a unique programme that contains all the answers to your questions about operating successfully in the African downstream energy market.

Our highly experienced trainers are able to create theoretical, practical and interactive training courses to build your team’s capacity. Our wide-ranging expertise covers Africa and global trading, operations, supply chain, LNG, shipping, finance and more.

We can also run any of our regular courses in-house for you or to any location you choose, saving you time, money and travel.

CITAC African Downstream Workshops will held in Cape Town on 28th and 29th March 2019.  Information on topics and speakers will be available soon.