Trade Operations

1 week ago


Singapore DIRECT SEARCH ASIA PTE. LTD. Full time
Roles & Responsibilities
  • 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.
Tell employers what skills you have

Negotiation
Commodity
Sales
Trading Systems
SAP
Indemnity
Compliance
Excel
Cash Flow
Shipping
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