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Richard Watts in-person training session

In-person Training Courses

From foundational knowledge to highly specialised topics

​Our courses cover everything from foundational knowledge to highly specialised topics in commodity trading, shipping, contracts, risk management, and finance. Whether you’re training new hires or upskilling experienced professionals, we ensure every session is practical, industry-focused, and immediately applicable.

Develop expertise

Reduce risk

Build competitive advantage

Retain talent

Training that strengthens your team.

We believe training is the key to turning good teams into great ones. That’s why we design bespoke training programmes, tailored to your company’s needs and delivered directly to your teams, wherever they are.

10 of the many areas that we cover in our courses

We offer both custom programmes and structured courses covering the core areas of commodity trading, shipping, legal frameworks, and financial risk management. Below are our core training topics, which can be fully adapted to your team’s specific needs.

1

INTRODUCTION TO TRADING

  • The role of trading and commodities

  • The history of trading

  • Sustainability in trading - impact and considerations

  • Understand Bills of Lading and their role in trade

  • Deep dive into INCOTERMS (2010 & 2020)

2

DOCUMENTATION AND TERMINOLOGY

  • Review of essential trade documents and standard terminology

  • ​Practical guidance on using and interpreting trade documentation

3

CONTRACTS

  • Contract formation and key clauses in purchase and sale agreements

  • Examination of real-world purchase and sale contracts across different commodities

  • Understanding industry-standard General Terms & Conditions (GT&Cs)

  • ​BP, Shell, GAFTA, FOSFA

4

CARGO OPERATIONS AND EXECUTION

  • Daily operations from a cargo perspective

  • Discussion of exceptional issues that may arise

5

SHIPPING AND CHARTERING

  • Overview of shipping markets and their dynamics

  • Voyage Charter Chartering and operations

  • Time Charter Chartering and operations

  • ​Charterparties – understanding rights, responsibilities and risks

6

LAYTIME & DEMURRAGE

  • How laytime and demurrage work and their financial impact

  • ​Practical case studies to ensure mastery of calculations and claims handling

7

LEGAL PRINCIPLES IN COMMODITY TRADING

  • Identifying and avoiding legal risks in day-to-day trading

  • How to prepare trade files for smooth legal handling

8

INSURANCE AND RISK MANAGEMENT

  • Cargo, credit and political risk, Charterer’s Liability, P&I, Hull and Machinery

  • ​Loss mitigation strategies and claims management

9

FINANCIAL INSTRUMENTS AND CREDIT RISK

  • Understanding Letters of Credit (LCs), Open Account terms, and alternative financing tools

10

COUNTERPARTY RELATIONS

  • Optimising communication & interpersonal skills for successful trade execution

What our clients say

Richard has an impressive style of teaching and remarkable training skills. Very interactive and participatory courses, you don’t notice the time passing. Excellent practical content of the shipping module. I highly recommend it.

Olesea Nicorici, Global Supply Chain Supervisor

Global Steel Dust Ltd.

Ready to strengthen your team? Let’s talk.

Whether you need a one-off training session or a structured programme, we can design the right solution for you.

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