Commodity Trading Fundamentals

Overview

This programme is intended to provide the participants, in a very short period (2 days) of time, with a comprehensive understanding of the world of Commodity Trading, Shipping and Trade Finance. The course explores the history, current situation and future of the industry before covering the fundamental aspects of the day-to-day business itself. The course focuses on the importance of each phase of a trading contract and emphasizes the interactions between them.

In addition, it focuses on the importance of understanding the work done by colleagues and actively enhancing inter-departmental collaboration. The participants will be exposed to business documentation and specific terminologies, immediately usable in their daily practice.

The course is aimed at a wide audience ranging from individuals currently working within the industry looking to improve their overall understanding and actions of colleagues, individuals working for companies providing services to the industry and looking to better understand their customers, individuals reporting on or regulating the industry and those outside the industry looking to better understand how it works.

Program

• Introduction to Commodity Trading
• Commodities and Trading Companies
• Documentation and Terminology overview
• Current and future changes in Commodity Trading
• Sustainability
• Operational Overview
• Shipping
• Insurance
• Compliance
• Financing Commodity Trading
• Price and risk management
• Legal dispute avoidance and resolution
• Counterparty Relations

Lecturer

Richard Watts

HR Maritime

President of the Geneva branch of The Propeller Club.
Fellow of The Institute of Chartered Shipbrokers.
President of SOS Mediterrannee Suisse.