Demurrage Negotiator

2 months ago

London, United Kingdom BP Full time

**Job Title**: Demurrage Negotiator

**Job Location**: Canary Wharf

**Contract Length**: 12 months (possibility to extend)

**Industry**: Trading, Shipping, Oil an Energy

**Hours Per Day/Week**: 8/40

Engagement via an umbrella company only

Must have the right to work and reside in the UK

**Summary**:
The GOE Oil Operations team is dedicated to managing risk and maximising commercial value through collaboration and sharing of detailed knowledge with both internal and external parties. As a result of many years hard work and dedication to BP’s core values of safety, courage, one team, respect and excellence, we have built a reputation as the safest and most efficient oil transporters and earned global recognition as the ‘experts in oil movement’. The Commercial Operations Services team (part of Oil Operations) consists of ~45 team members working within 3 teams: Demurrage, Voyage Claims, Agency, Admin and Inventory. The teams provide technical knowledge and support at each stage of the physical oil movement.

The Demurrage Team provide a first-class service to trading & shipping GOE Operations and the Fuels Value Chains (FVC’s) for handling demurrage and shipping related ancillary charges. We are experts for vessels and barges in the calculation and payment of freight, calculation and negotiation of demurrage claims, calculation and negotiation of related shipping costs such as deviation, detention, port costs etc., and the interpretation of the contract clauses to minimise exposure to claims wherever possible.

The Demurrage Negotiator is responsible for managing a portfolio of demurrage claims and post fixture expenses. This involves payment of freight and handling Demurrage and Expense claims resulting from contracts with owners, oil majors and trading companies. Working in close co-operation with the Trading & Shipping community to provide analytical information and guidance to the trading benches, in order to reduce the risk of demurrage exposure and optimise demurrage prevention to ultimately maximise trading profits.

GOE strives to be recognised industry wide as the ‘Employer of Choice’ and an equal opportunity provider.

**You will**:
Manage a portfolio of claims in a systematic way to ensure time bars are not missed, meaningful responses are provided to counterparties, rigours negotiation is undertaken, and claims are closed in a timely manner.
Calculation, preparation, verification of freight, contract shipping expenses and demurrage claims/invoices in accordance with oil trading contracts, general terms and conditions and charterparty terms.
Ensuring strict adherence to various contractual/charterparty time bar clauses, minimising BP’s commercial loss.
Responsible for demurrage, freight and expenses on behalf of select BP group companies.
Investigation and collation of the facts and data gathered from Traders, Operators, Charterers, Legal and Tax Advisors in order to fully assess each individual demurrage claim.
Developing and maintaining relationships with 3rd parties including trading companies, vessel owner’s and brokers. Leverage these relationships to aid BP group and demurrage negotiation.
Hold commercial relationships and manage complex negotiations with external counterparties to maximise value recovery and advance bp’s interests.
Appropriately assigned costs to relevant benches to ensure accurate profits and losses are reflected, collaborating with Settlement Analysts and Commodity Risk to ensure this is done in a correct and timely manner.
Provide detailed analytical assessments on a regular basis of outstanding claims/costs to trading benches and commodity risk.
Identify improvement opportunities, provide feedback, and work with traders, charterers, operators and contracts team to optimise efficiency, improve contractual terms and create demurrage prevention.
Review ways of working to drive process optimisation and a focus on delivering value.
Provide commercial assistance to the oil and ship operators, oil traders and ship charterers. Ensure lines of communication with key stakeholders are maintained and utilised as required.
Provide training and develop awareness of Demurrage activity and value add to the team and across the GOE business.
Ensure compliance with all BP policies and procedures including Shipping policy and credit requirements.
Work collaboratively across the Demurrage team to support team delivery.
Ensure systems data is updated accurately and monitor data flows - flagging where concerns are raised

**You will need**:
You should be able to demonstrate or have a consistent track record encompassing the following key foundation skills.
Strong commercial instinct - a focus on delivering holistic value for BP.
Negotiation skills and ability to hold external relationships.
Flexible and open thinker
Strong numerical, written and oral skills
Ability to influence
Ability to work under pressure to numerous and frequent deadlines
Ability to prioritise and o

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