22-26 MAY 2017 • SOUTH BEACH, MIAMI, FLORIDA, USA - THIS EVENT IS NOW CLOSED

Maritime Week Americas 2017 • Miami

BUNKER PRICE RISK MANAGEMENT SEMINAR

Tuesday 23 May 2017 ~ Half-day (Morning)aspect

Price: £495.00

Register


This half-day seminar will provide attendees with an overview of hedging tools and risk management in the oil markets, with particular emphasis on introductory swaps and options used in the oil trading business.

The event will focus on the fundamentals of hedging using futures, options and swaps to provide delegates with a background in the marine fuels sector with a useful, basic understanding of how to discuss hedging strategy with internal management and use these tools in practice.

Current examples and case studies will be used to apply ‘real world’ situations to hedging and managing both physical barrel and financial contracts risk.

The seminar is intended to encourage delegate participation and interaction, and attendees will be able to ask questions on specific areas of interest as they arise during the session. 

  • Key benefit: The delegate fee for this workshop includes the opportunity to benefit from a free risk management policy review whereby risk expert Chris Thorpe will undertake a personal, confidential review of each delegate’s written hedging policy.

 

LECTURERS

 

Chris Thorpe | CFA, Managing Director
CTA Financial LLC and Managing Partner, Brick Investment Partners, LLC

Thorpe Chris web

This seminar will be led by Chris Thorpe, CFA, Managing Director, CTA Financial LLC and Managing Partner, Brick Investment Partners, LLC.   CTA Financial is a registered Commodity Trading Advisor with the National Futures Association.

Chris has been actively trading, managing risk and structuring financial hedges for over 20 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.  He has a Bachelor of Arts in International Relations from the University of British Columbia and a Master of Business Administration from INSEAD.


Patrick Hayes | Global Director of Sales Support
Aspect Enterprise Solutions

Hayes PatrickRepresenting Aspect Enterprise Solutions will be Patrick Hayes, the Director of Sales Support for the Americas. Aspect is the leading global provider of cloud commodity trade, risk management and market data solutions.

Patrick brings 25 years of Trading & Risk Management experience to Aspect. He previously held positions of Vice President of Financial Trading and Director of Crude & Products Trading at ConocoPhillips. Prior to that he was Manager of Power & Natural Gas Trading at Duke Energy. For the last several years he has served as a Risk Management & Trading SME (Subject Matter Expert) with both Merrill Lynch & UBS before joining Aspect in 2015.

Patrick holds a Bachelor of Science in Business from Pepperdine University with honors and an executive MBA from Harvard Business School.

 

TUEADAY 23 May 2017
This half-day seminar will provide attendees an overview of hedging tools and risk management in the oil markets with particular emphasis on introductory level swaps and options.  Attendees will also learn how to create a hedging policy and how to choose appropriate tools and service providers.  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.

09:00

Introduction & Administration

Workshop Leaders:

Chris Thorpe CFA, Managing Partner, CTA Financial LLC
Patrick Hayes, Global Director of Sales Support, Aspect Enterprise Solutions Ltd

09:10

Introduction to hedging and hedging tools using the “paper market”

  • Overview and goals
  • Nomenclature:  Forwards, Futures, swaps, options
  • The market players (exchanges and OTC market)
  • Credit and margin Settlement and cash flow
09:40

Swaps and Options

  • Terminology 
  • Pricing and value
  • Expiry and payoff
  • Measuring your risk
  • profit/loss
  • mark to market
  • Pitfalls
10:10 coffee-breakNetworking Coffee Break
10:40

Hedging strategies using case studies

  • Assessing market conditions and opportunities

Case studies

  • Inventory management and “carry”
  • Short cover
  • Caps and floors
11:10

Creating a hedging plan and Hedging Execution

  • Creating a plan with rules and a written policy

  • Advisors and brokers

  • Orders

  • Paper trails, records and compliance

 

Creating and using a RISK MANAGEMENT SYSTEM

  • Setting and understanding rules

  • Control systems and reporting

  • Examples using ASPECT

12:20

Establishing hedging accounts, choosing and working with counterparties

  • Financial

  • Physical

  • Price discovery and competition

  • Bid / Ask spread (trading friction)

12:40 Certificates and end of workshop
 

Registration Options

The Oxford Bunker Course (Advanced Commercial):

£1295

Bunker Price Risk Management:

£495

Bunker Dispute Resolution Workshop:

£250

MWA 2017 Conference:

£1550

 

Register

Get Sponsoring Info

Package Sponsorship

  • CI International Fuels
    Diamond
  • Arte Bunkering LLC
    Platinum
  • Glencore Ltd
    Platinum
  • Triton Energy Panama
    Platinum
  • S&P Global Platts
    Gold
  • Curoil N.V.
    Gold
  • Veritas Petroleum Services
    Silver
  • Enermar
    Silver
  • Bunkerspot Price Index
    Silver
  • Aspect Enterprise Solutions
    Associate
  • Tropic Oil Company
    Bronze
  • Eagle LNG
    Bronze

Individual Sponsorship

  • Arte Bunkering LLC
    Event App
  • KPI Bridge Oil
    Badges and Lanyards
  • SOL Brands Inc
    Notepads and Pens
  • COPEC S.A.
    Delegate Bags
  • Organizacion Terpel S.A.
    T-Shirts

SUPPORTING ORGANISATIONS

  • Cma Connecticut Maritime
  • Ibia
  • Intermanager
  • Namepa Lloyds

MEDIA PARTNERS

  • Amp Portuaria
  • Bunkerspot
  • Maritime Connector
  • Mabux
  • Marinelog
  • Maritime Reporter
  • Opis Ihs
  • Professional Mariner
  • Seatrade Marine News
  • Seatrade Marine Review
  • Smi
  • World Oils

PAST ATTENDIES

POST MWA2016 REPORT

For More Information


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

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MWA2017 Sponsorship