Trade Execution Executive (6 Months Contract) Trade Execution Executive (6 Months Contract) …

Non-disclosed
in Singapore
Contract, Full time
Last application, 24 Nov 20
4500 to 6000
Non-disclosed
in Singapore
Contract, Full time
Last application, 24 Nov 20
4500 to 6000
To execute trade done by ASBM/BSBM trading desk in Singapore and India (ISBM)

Principal Accountabilities:

 

90% - Responsible for execution of contracts and vessel operational matters:

  • Ensure shipments are carried out in accordance with contractual terms and manage/execute documentation accordingly
  • Issue, monitor and manage shipping instructions, vessel nominations and related matters
  • Monitor and ensure smooth execution of all matters related to letter of credit and insurance documentation
  • Responsible for appointment of surveyors and shipping agents
  • Reconcile quality claims.
  • Prepare import and export documents
  • Monitor demurrage, claims, and other charges as per contract and charter party (C/P) to avoid /minimize demurrage and/or settle payment with owners/shippers/receivers.
  • Manage customer/supplier payment terms to ensure timely collection and payment in compliance with contractual terms/conditions. Resolve any payment issues in collaboration with treasury, accounting and merchants.
  • Liaise with banks and our internal trade finance team for any LC negotiation, confirming or discounting of documents
  • Ensure compliance with origin and destination countries government law, customs regulation, port authorities, tax and custom offices etc
  • Monitor, review and execute trade finance structure, documentation to ensure smooth execution.
  • Maintain frequent customer contact with internal and external customers / counterparts
  • Monitor and manage customer relationships via database spreadsheets, benchmarking
  • Manage optimal cargo loading in accordance with vessels chartered and apply tolerance to optimize contractual allocation and loading.
  • Liaise with traders on open positions, vessels’ loading and other issues pertaining to trading risks
  • Resolve shipping execution disputes.

 

10% - Other duties:

  • Reconcile data for destination port charges & demurrage.
  • Facility cargo insurance claim for damage cargo.
  • Reconcile accrual, AP/AR with accounts team during month end.

 

Required Education & Experience:

  • Diploma level,
  • At least 5 years commodity experience, Good PC skill, Knowledge of MS Excel and word. Good knowledge of UCP rules, ISBP, Incoterm

 

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