SEMINAR: MANAGING CREDIT RISK

Overview Seminars Bunker Training Conference     Metering Credit Risk Advanced The first two days of Maritime Week Americas (17-18 May 2010) include three focused seminars designed to bring delegates fully up to date with the latest trends and issues. Details of the Managing Credit Risk are shown below, click the following course title to read about The Case for Bunker Metering. Managing Credit Risk MONDAY 17 MAY 2010 Don't leave it to chance! 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. Please note that the programme below is preliminary and may be subject to change. 08:30 Seminar Registration 09:00 Introduction / Administration Chairman: John Phillips, Global Credit Manager, Chemoil Energy 09:30 Session 1: An Introduction to Credit Risk Felix Yamasato, Analyst Manager - Americas, Lloyd's List Intelligence KM Brown, Senior Analyst, Lloyd's List Intelligence 10:10 Networking Coffee Break 10:40 Session 2: Market and Country Risk John Phillips, Global Credit Manager, Chemoil Energy 11:40 Session 3: Company Credit Risk Analysis KM Brown, Senior Analyst, Lloyd's List Intelligence 12:20 Session 4: Interpreting Company Financials Felix Yamasato, Analyst Manager - Americas, Lloyd's List Intelligence 12:50 Morning Q&A John Phillips, Global Credit Manager, Chemoil Energy 13:00 Networking Lunch 14:00 Session 5: Real Life Experiences, and Using Credit Reports Al Canal, Vice President, Bunkers International Corp. 15:15 Session 6: Credit Insurance John Steel, Vice President, One Source Risk Management and Funding Mike DeLuca, Senior Partner, One Source Risk Management and Funding 15:45 Networking Coffee Break 16:15 Session 7: When the Deal Goes Wrong J. Stephen Simms, Principal. Simms Showers LLP. 17:15 Seminar Summary and Close John Phillips, Global Credit Manager, Chemoil Energy   TO REGISTER FOR ANY OF THESE SEMINARS JUST CLICK HERE   If you are unable to attend these seminars in Miami, Petrospot Limited run a number of other courses, seminars and events throughout the year. Click here for details.