Post on 08-Nov-2018
When: 5-6 June, 2013 | Where: Thomson Reuters, Hong Kong
Register at: theice.com/bunkerworld
COURSE OVERVIEW
This is the first in a series of a brand new two-day training course for the marine fuel market, which introduces bunker risk management best
practice to delegates by teaching analytical approaches and hedging skills. The trainer(s) will share a host of practical tools that will help a
business reduce and manage its risk whilst improving profit in its inventory and supply chain.
The course costs £1,400 and all delegates receive a further 25% off a Bunkerworld Plus subscription once registered. By learning how to
manage price bunker risks using specific tools that are available to you in the market, you will add a new layer to their business skill-set.
Headlines of the course comprise of:
• Overview of the marine fuels market (pricing hubs, clearing collateral)
• Risk dimensions in oil markets
• Environmental issues and their impact oil markets
• Understanding energy price behaviours
• Understanding bunker credit risks
• Risk management aims
• Hedging methods and techniques
Throughout the course, three case studies will provide hands-on, practical experience to explore several scenarios in corporate situations for:
1. A bunker supplier with storage
2. A shipping firm
3. A trader
Bunker Risk Management CourseA practical introduction to developing best practices
WHO IS IT FOR?Bunker Credit Managers • Heads of Trading Teams • Regional Sales Directors •
Finance Executives within fuel buying organisations
Bunker Risk Management Course 2
ABOUT THE SPEAKERS
THOMAS JAMES, CO-FOUNDER OF NAVITAS RESOURCES
Tom’s career began in the early 90’s developing and executing the first hedging and risk
management programmes in oil markets for key Asian refiners including Nippon Oil, Cosmo
Oil, Petronas Malaysia, CPC of Taiwan, Sinochem, PTT of Thailand, and many others. His
expertise covers Oil, Gas, Bio Fuels, LNG, nuclear and Global Commodity markets including
Emissions, agricultural markets, and base metals.
Tom is an International Natural Resource executive with a broad 23-year career in natural
resources trading, risk management, investment banking and knowledge based services. A
business architect with a proven track record for building and developing businesses in this sector. Through his work for investment banks and
trading firms at Director level, and as a head of trading, Tom has had the opportunity to prove his abilities in leading, motivating and building
successful teams of traders and developing profitable cross-asset strategies. He has successfully developed and managed commodity and
energy related businesses throughout his career. In recent years Tom has shared his experiential learning by authoring a range of professional
books in energy and commodities. These have become core reading materials for professional examinations at universities and the Energy Risk
Professionals’ Examination (ERP) administered by GARP: garp.com
Tom co-founded Navitas Resources — navitasresources.com — in 2009, an energy and commodity knowledge-based services group,
headquartered in Singapore with associates at key locations around the world. Clients include some of the world’s major energy and mining
firms, investment banks, consumers, and state owned enterprises in this sector. Joint ventures include a strategic partnership agreement with
Thomson Reuters group and a joint venture with the Intercontinental Exchange — ICE Education — it provides market risk, credit risk and
strategic management consulting to energy and commodity firms.
JOHN PHILLIPS, M.D. OF OCEAN INTELLIGENCE PTE, SINGAPORE
John Phillips was Global Credit Manager for Chemoil before joining Ocean Intelligence as
Managing Director. Prior to that John worked at Lloyds MIU for seven years, where he was
Operations Manager.
John has over thirty years in the maritime sector, covering ship agency, tanker operations and
chartering, ship-broking, liner services, project cargo to reefer trades, credit management,
and credit reporting. John has worked in a range of businesses across a number of regions
namely the UK, Saudi Arabia, Greece and Singapore, from SMEs to international independent
oil companies where he has held positions up to Managing Director. John is a regular key speaker and chair at industry events and has regularly
spoken at Plymouth University and Cass Business School. A Chartered Shipbroker, John is also a Chartered Member of the Institute of Logistics
and a Member of the Energy Institute; he holds an MSc in Port Management and a BSc (Hons) in Maritime Business with Maritime Law.
JERRY LORENZO, EX-CFO CHEMOIL GROUP
Mr. Jerome (Jerry) Lorenzo has been the Chief Investment Officer of Footprints Investments
(Pte) Ltd since 2011 and is responsible for the administration and performance of the Group’s
portfolio. He also serves as Director to a number of subsidiaries within the Group in the
Singapore, Philippines and the USA.
Prior to Footprints Investments, Jerry served as Chief Financial Officer of Chemoil Energy
Ltd. and was instrumental in the company’s public listing in the SGX in 2006. He was with the
Bunker Risk Management Course 3
Chemoil group for almost 14 years serving in different capacities in San Francisco, The Netherlands, Monaco and Singapore covering the areas
of Strategic Planning, Business Development, Accounting, Finance, and Enterprise Risk Management. Jerry also was a non-executive Director
for California Software Company Limited (Calsoft) from 2009 to 2011. Calsoft provides product engineering services and technology-driven
Business Solutions that help meet the business objectives of its clients.
Jerry received his Bachelor’s of Science degree in Finance and Real Estate from California State University of Northridge and his Master of
Business Management degree from The Asian Institute of Management.
COURSE AGENDA — DAY 1
09.00 Registration
09.30 Introduction to the course and structure
09.45
Global Energy Markets:
• Marketoutlookbalance2012/2013supplydemand
drivers
• Reviewofenergypricebehaviour
• Forwardpricecurveanalysis
• Globalpricelinksandkeynews/fundamental
drivers
10.45 Coffee break
11.15
Bunker pricing:
• Pricingmechanisms-Gasoil,Fueloil
• Assessingspotprices
• Benchmarkingthebunkerindustry
• Makingthemarkettransparent
• Solutionsforaccuratepricing,linkswith
crude oil markets
12.30 Lunch
13.30
Bunker price risk management - Part One:
• Theriskmatrix-introduction
• Pricerisk,creditrisk,liquidityrisks,basis
risks, legal risks
• Riskmanagement-when,where,how,key
structure to successful hedging
• Timing-practicalappliedpriceanalysis
techniques for fuel, gasoil and crude
markets to assist with hedging timing
technical analysis i.e. when to hedge
15.00 Coffee break
15.00
Bunker price risk management - Part Two:
• Timingcontinued-practicalappliedprice
analysis techniques for fuel, gasoil and
crude markets to assist with hedging timing
technical analysis i.e. where to hedge
• Reviewoftheavailablederivativemarkets
for bunker hedging
• Derivativestructuresutilisedinoilhedging-
with practical examples
17.00 Close
COURSE AGENDA — DAY 2
09.45
Bunker price risk management - Part Two
Continued:
• Derivativestructuresutilisedinoilhedging
using practical hedging examples
• Cashflowmanagementinfundingderivative
hedges
• Thebenefitsofhedginglinkedtofinancing
from a bunker trader perspective and a ship
owner perspective using practical examples
10.45 Coffee break
11.15
Advanced hedging techniques - options and
risk management:
• Usingenergyoptions:hedgingand
speculation
• Reviewofoptiontypes
• Understandingoptionpayoffs,risk
management, market risk management in
energy markets
12.30 Lunch
13.30
Credit risk management - practical
applications of credit risk procedures, experts
share industry experiences. This practical
session will enable delegates to successfully
assess and understand credit risk procedures.
Topics covered include:
• Assessingcounterpartyrisk
• Lookingbeyondthenumbers:whatdo
financial statements actually mean?
• Supportmechanisms:creditagenciesand
credit insurance
• Benchmarkingcustomerbaseand
extracting best capital at risk
• Thepracticalapplicationofcreditrisk
strategies
• IntroductiontotheOceanIntelligenceCAM
15.00 Coffee break
15.30
Finance in bunker business:
• Securitisation
• Approachestooptimiseyourbusinesscapital
17.00 Close
Bunker Risk Management Course 4
VENUE
Thomson Reuters Hong Kong
42/FGloucesterTower,Landmark,Central,HongKong
DELIVERED BY IN ASSOCIATION WITH