Maritime Week Americas 2015 • Cartagena

BUNKER PRICE RISK MANAGEMENT

Tuesday 2 June 2015 ~ Half-day Morning Seminar

This half-day seminar will provide attendees an overview of hedging tools and risk management in the oil and bunker fuels market.  Attendees will learn how to create a hedging policy and how to execute a hedge plan and assess its success.  Current examples and case studies will be used to apply ‘real world’ situations to hedging and managing both physical barrel and financial risk. Questions and discussion will be held throughout to focus on areas of particular interest as they arise.

ChrisThorpe picChris Thorpe
Managing Partner, Brick Investment Partners, LLC


CTA Financial is a register Commodity Trading Advisor with the National Futures Association. Chris has been actively trading, managing risk and structuring financial hedges for over 15 years and has traded physical commodities in the Americas and Europe. 

He previously held positions at Methanex Corporation (Vancouver, Brussels and Dallas) and JPMorgan (New York) before co-founding energy risk management and trading firm HCEnergy based at the New York Mercantile Exchange. 

Chris worked for global commodity broker INTL FCStone, following the sale of HC Energy in 2011, until he founded his own firm in early 2013.

 

Please note: Courses will be run subject to demand. Should you be considering attendance, we would request notification of this in order to manage expectations. 
Registration deadline is 30 April 2015. 

The price of this event includes lunch, refreshments and course materials.

TUESDAY 2 JUNE 2015
09:00 Registration
09:15 Introduction
09:30

Oil and refined products market overview

  • Oil market fundamentals
  • Trends in oil markets and refining
10:00

What is price risk mangement?

Why hedge?

  • What is it?
  • Why would I do it?
  • History of hedging and spectacular blow ups

Basic concepts and terms

  • Forwards, Futures, swaps, options
  • Applications in marine fuel industry
  • Basis risk and common problems

Tools of the trade overview

  • Swaps vs fixed price agreements (FPA)
  • Floors and ceilings, min and max

Speculation versus risk management

  • Systems and controls for managers
  • Accounting issues
10:45 Networking Coffee Break
11:15

Swaps

  • Terminology
  • Pricing
  • Contango/carry market/normal market, backwardation
  • Settlement and cash flows
  • Credit and margin
  • Strategies and examples
11:45

Options

  • Termionology
  • Pricing
  • Settlement and cash flows
  • Credit and margin
  • Strategies and examples
    • Plain vanilla
    • Exotics
12:15

Creating a hedging policy

  • Setting and understanding rules
  • Control systems and reporting
  • Review and renew
12:30

Working with counterparties

  • Financial
  • Physical
  • Regulated exchanges
12:45

Execution

  • Advisors and brokers
  • Orders
  • Paper trails, records and compliance
13:00

Questions and Wrap-Up

Registration Options

Bunker Price Risk Management:

£256

An Introduction to Shipping:

£300

IBIA Basic Bunker Course:

£300

MWA2015 Conference Pass:

£1210

 

Register

For More Information


Please contact:
Our Sales Team
Tel: +44 1295 814455
Email: events@petrospot.com

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