Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

As part of bp Hungary you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have an impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

Join our Trading & Shipping Team and advance your career as a Demurrage Negotiator

The Demurrage Team provide a first-class service to Trading & Shipping for handling demurrage and shipping related ancillary charges. We are experts for vessels and barges in the calculation and payment of freight, calculation and negotiation of demurrage claims, calculation and negotiation of related shipping costs such as deviation, detention, port costs etc., and the interpretation of the contract clauses to minimize exposure to claims wherever possible.

The Demurrage Negotiator is responsible for managing a portfolio of demurrage claims and post fixture expenses. This involves payment of freight and handling demurrage and expense claims resulting from contracts with owners, oil majors and trading companies. Working in close co-operation with the Trading & Shipping community to provide analytical information and guidance to the trading benches, in order to reduce the risk of demurrage exposure and optimize demurrage prevention to ultimately maximize trading profits.

In this role You will:

Manages a portfolio of vessel claims in a systematic way to ensure time bars are not missed, meaningful responses are provided to counterparties, rigorous negotiation is undertaken, and claims are closed in a timely manner. 
Calculation, preparation, verification of freight, contract shipping expenses and demurrage claims/invoices in accordance with oil trading contracts, general terms and conditions and charterparty terms.
Ensuring strict adherence to various contractual/charterparty time bar clauses, minimizing BP’s commercial loss. · Responsible for demurrage, freight and expenses on behalf of selected BP group companies.
Negotiation of disputes with Group companies or Third parties using email, fax, telephone and face to face negotiation. Maximizing value of each claim for bp within the context of ongoing relationships.
Developing and maintaining relationships with 3rd parties including trading companies, vessel owner’s and brokers. Leverage these relationships to aid BP group and demurrage negotiation.
Appropriately assigned costs to relevant benches to ensure accurate profits and losses are reflected, collaborating with Settlement and Commodity Risk teams to ensure this is done in a correct and timely manner.
Provide detailed analytical assessments on a regular basis of outstanding claims/costs to trading benches and commodity risk.
Identify improvement opportunities, provide feedback, and work with traders, operators and contracts team to optimize efficiency, improve contractual terms and create demurrage prevention.
Review ways of working to drive process optimization and a focus on delivering value.
Provide commercial assistance to the oil and ship operators, oil traders and ship charterers. Ensure lines of communication with key stakeholders are maintained and utilized as required.
 
What You will need to be successful:

Relevant university (economy or finance) degree or equivalent experience
1-2 years of experience in finance, trading or shipping, supply chain and logistics or customer service
Global, multi-national company work experience is an advantage
Fluent English knowledge and ability to communicate effectively verbally and in writing; Additional languages of Spanish, Italian or Greek could be an advantage
Knowledge about the trading or shipping industry, physical oil environment
Strong commercial instinct
Understand trading bench strategy and align demurrage activity to support its delivery
Negotiation skills and ability to hold external relationships
Flexible and open thinker, with the ability to influence
Strong analytical & technical skills (MS Office / MS Teams)
Strong attention to detail, ability to prioritize, organize and multi-task

At bp, we provide the following environment & benefits to you:

Different bonus opportunities based on performance, wide range of cafeteria elements
Life & health insurance, medical care package
Flexible working schedule: home office up to 2 days / week, based on team agreement
Opportunity to build up long term career path and develop your skills with wide range of learning options
Family friendly workplace e.g.: Extended parental leave, Mother-baby room
Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
Possibility to join our social communities and networks
Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment
 

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC’s annual employer research. Come and join us!