LPG Trading and Pricing - Shipping, Contracts and Price Risk Management

Course Summary
The course is designed to provide a firm understanding of the international LPG business - influencing factors, how it is conducted and how risks are managed. It is presented in association with Richardson Lawrie Associates - an international consulting company specialising in the oil, gas and petrochemical sectors. The course will focus on commercial aspects of the LPG business with participants engaging in real time trading cases – both physical and paper – plus workshops on shipping contracts, negotiations, calculations and tactics. The effect of new supply sources and pricing structures on international trade and downstream uses is examined together with case studies demonstrating development and disposal options in the context of LPG as a by-product and pricing into the petrochemicals sector. There are no pre-requisites for this course, nor is any advanced preparation required.
Please note: a laptop and up-to-date version of Office would be an advantage in order to engage in market data; however it is not essential.
8CPE creditsper training day awarded for this course
What You Will Learn
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Trading methods and contractual practices

The effect of new supply sources and pricing structures on international trade

Shipping techniques, chartering and contracts

The fundamentals of LPG production, properties, pricing and the assessment of price risk

Managing development and disposal options
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Suitability:
Delegates encouraged to attend include commercial, operations and marketing staff, planners, economists and government officials. In addition, executives involved directly or indirectly with LPG supply, shipping and international trading are also urged to attend.
The workshop approach means that participants who are relatively new to the business can be accommodated alongside more experienced colleagues.
Course content:
LPG: The Worldscale By-Product Business

• Production, consumption
  
• Pricing fundamentals and trends
  
• International trade
  

LPG Trading and Shipping in Practice

• LPG physical trading
  
• Trading strategies
  
• Product disposal options
  
• Price risk management and hedging
  
• Contracts
  

LPG: Downstream Markets

• LPG Pricing in the petrochemical sector
  
• Maximising disposal opportunities from a grass roots project