Commercial Manager

Job Summary:

Manage and direct chartering and post fixture operations of internationally trading LNG and LPG vessels in terms of capturing suitable chartering opportunities and maximizing the utilization of the vessels under the in-house Commercial management of Client; Maintaining close dialogue with market players, brokers, and potential customers; Providing appropriate guidance on Charter Party terms.

Responsibilities:

• Manage Vessel charter-party performance claims, which includes: Monitoring performance of vessels versus the charter party requirements. Monitoring vessels’ performance in line with TCP warranties; following up on underperformance observations or concerns.
• Liaise with fleet managers/heads to ensure proper communication and balance between customers’/charterers requirements, safety requirements and efficient vessel operations.
• Stay abreast with the latest trading patterns/routes, and industry/regulatory trends in coordination with the Fleet division to ensure the optimal feet utilization, and to enhance vessels efficiency.
• Lead efforts related to identifying and analyzing business opportunities, as well as providing recommendations to senior management.
• Act as commercial project manager for new deals/company potential acquisitions.
• Participate/advise on contract negotiations including, joint ventures formulation and agreements, ship building contracts, sales & purchase agreements, and Charter party(s).
• Oversee commercial and chartering related analysis, including overall market direction, forecast, opportunities evaluation, business plan development, and KPI’s.
• Work closely with the commercial analysis team to review business/chartering opportunities assumptions.
• Analyze market outlook and assist in identifying possible business opportunities and possible chartering processes enhancements.
• Prepare the Commercial department budget, and monitor its expenditure, while ensuring the optimal utilization of all available resources to protect Clients interest.
• Develop and update the Commercial department’s policies, procedures and system, and ensure their proper implementation to cope with evolving business needs, and to support achieving the different set targets and plans, hence Client strategy.
• Ensure that proper procedures are followed with regards to Letters of Indemnity and Bills of Lading.
• Support preparation of relevant JV board packages as required, and maintain updated records of the chartering coverage/utilization of the JV fleet.
• Maximize utilization and earnings of commercially managed vessels. Build relationship with brokers, ship-owners, ship agents, shippers, receivers, charters, port agencies worldwide and ship’s command. Successful completion of managed business development projects.
• Frequent interactions with: Fleet Division- for technical and operations support to vessel performance Accounts/Finance for hire remittance, receipt and payment to vendors Legal Insurance for contract review, claims, insurance and PNI matters.
• Frequent interactions with: Charterers for shipping opportunity, operation issue, customer relation management Brokers for market information and business opportunities.

Minimum Requirement:

• Bachelor’s degree in Business Administration, Economics, Marine Engineering or any other related filed. Master’s degree in a relevant discipline is preferred.
• 12-15 years of relevant experience as a charterer, shipping, and commercial operator in a ship-owning company, chartering desk, trading desk, International Oil & Gas Company, or brokerage firm, with a minimum of 5 years in leadership role.
• Experience with joint venture formations and shipbuilding contract negotiations preferred.
• LNG chartering experience (preferably LPG and/or tanker experience as well)
• Extensive knowledge of Shipping Commercial management/contracts-Chartering and Operations
• Project management skills will be added advantage

How to Apply: