Shipping and bunker markets are struggling with unparalleled turmoil that is leaving a trail of destruction around the world. Bankruptcies and payment defaults are now far too common and innocent players are facing financial ruin. Now, more than ever, is the time to reevaluate your customer base and to protect your business by learning to recognise and minimise the risks.
Expert knowledge can help you to reduce your exposure to counterparty and credit risk in the maritime sector, and this specialist seminar will give you the knowledge, tools and expert contacts to do it.
This one-day seminar will dig deep into the complexities of the volatile shipping and bunker markets and will give you the vital information you need to manage your company's vulnerability to credit issues.
Over the past five years, the shipping sector has experienced both unprecedented returns and unprecedented collapse! Substantial profits were made against a background of buoyant freight rates and strong demand - fuelled in particular by China and India - but then the bubble burst. At the same time, bunker prices went through the roof, crashed, then rose again, and the number of casualties continues to rise.
So where does that leave your business?
Now is the time to ensure that your company is properly armed to respond quickly to changing, and potentially ruinous market conditions. Understand your customers and suppliers, and the markets they are operating in. Know what to do in the event of trouble and prepare yourself in case the worst happens.
This is a seminar that you can not afford to miss!
Benefits to Delegates
Gain unparalleled access to the world's leading bunker credit experts
Understand counterparty risk and identify the warning signs
Gain a better understanding of the complexities of the shipping sector
Learn about country risk and how it can impact your decisions
Learn about the benefits and costs of credit insurance
Understand the strengths and weaknesses of the approaches to credit analysis
Use and maximise the benefits of marine credit reports
Understand debt collecting and factoring options in the bunker industry
Know the legal remedies available and what to do when the deal goes wrong
Benefits to Employers
Bring solid technical expertise to your organisation
Practical programmes offer immediate benefits – delegates will be able to apply what they have learnt as soon as they get back to the office
Learning alongside other industry players and discussing real life situations enables delegates to share experiences and gain new insights on how to tackle challenges and problems
Who will attend?
This highly interactive seminar is aimed at those working at the sharp end of trading, supply, purchasing, accounting, credit control, finance and legal departments of shipping, bunker and other maritime companies.
This is an essential training tool for
Traders and brokers
Suppliers
Bunker buyers
Chandlers and other ship suppliers
Maritime lawyers
Charterers
and – importantly – those working at the ‘sharp end’ of
Trading and supply
Company accounting
Credit control
Finance or legal departments
Trading
Debt Collection
Banking
Chartering
The content is geared towards those who have the potential to be exposed to bad debt and to those who are willing to use sophisticated credit tools to their advantage.
Who are the lecturers?
The seminar is taught by well-known credit, insurance and legal professionals with many years of experience in the bunker industry. Participating companies include:
For more information about this event, contact:
ASIA: Sarah Morris - Tel: +65 8168 6976
REST OF WORLD: Luke Hallam Evans - Tel: +44 1295 81 44 55
Email: events@petrospot.com
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