Demurrage Analyst – Shipping

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Contract

Group 7

Location

London, UK

Our client is a leading International Integrated Energy Trading Company; a trader of Commodity and Energy products including Crude and Oil Products, Gas, Power and LNG.

The Demurrage Team is responsible for handling payable and receivable demurrage and shipping related ancillary charges. Covering contract, charter party and barge demurrage; they are responsible for the verification, negotiation and payment of demurrage claims, and other related shipping costs such as deviation, detention, port costs etc., in order to minimise exposure to claims wherever possible.

As a Demurrage Analyst, you will work as part of a team and your key responsibilities will include but may not be limited to:

  • Contractual Demurrage: As directed and guided by the Demurrage Manager, issues, negotiates settlement of and recovers contractual receivable demurrage claims always within time bar deadlines. Analyses and negotiates contractual payable demurrage claims.
  • Charter Party Demurrage: As directed by the Demurrage Manager, receives, analyses and settles charter party demurrage claims.
  • Issues, negotiates, analyses and settles barge demurrage claims.
  • Co-operates closely with all other departments, especially trading and contracts department, where advice on terms relating to laytime and demurrage is required. Good advice is essential to reduce the company’s exposure at source within contract terms.
  • Accurately and thoroughly maintains Excel tracking database of all payable and receivable claims. This is the ‘master’ document and accuracy is essential as this data is used to support trading P&L.  
  • Assist to prepare financial monthly report for line management as required with content to include GM and LV monthly reports identifying root-cause analysis and time-line report.

EXPERIENCE NEEDED:

  • Recent Graduate with a Degree (or equivalent) in a shipping related subject or qualified by experience with related work-based experience in Demurrage Claim handling.
  • Understanding of oil contracts, products, grades, qualities, geopolitical and environmental influence on commodity markets preferred but not essential
  • Ability to analyze data with a very high level of attention to detail and accuracy
  • Ability to effectively communicate through both written correspondence and verbal communication
  • Previous experience within a similar role and/or knowledge of Shipping preferred
  • Engaging and pro-active personality.
  • Ability to defend claims/disputes firmly when required balanced with a commercial approach.
  • ‘Can do – Will do’ approach to difficulties and challenges.
  • Possess a high sense of urgency and ability to prioritize tasks appropriately

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