A management professional with proven track record of Handling Trade Contracts for Physical Trades Purchase and Sale of Light and Middle Distillates Commodities in Oil and Gas Sectors across the Globe (i.e. Gas Oil ULSD, Gasoil HSGO, Gasoline, Jet A1, Crude Oil, Naphtha).Additionally, well experienced in LD & MD Commodities physical movements, Cargo Operations, Vessel Operations across the Globe, 3P Q&Q Cargo Inspection, NDA’s, KYC’s, Compliance, Prepare Trades Invoices, ERP Aspect Operation, Q&Q Inspection Coordination, ITT Storage Coordination, Q&Q Claims Management, Insurance Coordination, Risk and Middle office.Well experienced in EPC projects Commercial, Contractual, Procurement, Logistics Execution, Administration, Debt Recovery, Trade Finance, Subcontracts Negotiations.Seeking a key suitable position in a dynamic Trading Energy Organization to contribute accrued skill sets for achieving tangible and intangible organizational objectives. Having Excellent leadership qualities, Communication and problem-solving skills. Having extensive work experience in Dubai, Kuwait and Saudi Arabia more than 20 + years specialized in EPC, Trading, Energy, Light and Middle Distillates Commodities Trading for Oil & Gas Industry.
Alfa Star Global Trading Dmcc
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Senior Trade Operations SupervisorAlfa Star Global Trading Dmcc Apr 2024 - PresentDubai, United Arab EmiratesPreparation of Physical Trade Contracts for LD & MD Commodities, Trade Contracts Administration, Execute Physical Trade Invoices as per Contract Pricing Period, Handling Trade KYC Compliance, Support NDA's for Trades, Cargo Operations, Vessel Nomination and Documentary Instructions, Arrange 3P Inspection for Cargo Quality and Quantity, Analysis of Q&Q Claims, Analysis of Demurrage and Laytime Claims as per Trade Contracts.• Verify Purchase & Sale Pricing and Pricing Period as per Platts… Show more Preparation of Physical Trade Contracts for LD & MD Commodities, Trade Contracts Administration, Execute Physical Trade Invoices as per Contract Pricing Period, Handling Trade KYC Compliance, Support NDA's for Trades, Cargo Operations, Vessel Nomination and Documentary Instructions, Arrange 3P Inspection for Cargo Quality and Quantity, Analysis of Q&Q Claims, Analysis of Demurrage and Laytime Claims as per Trade Contracts.• Verify Purchase & Sale Pricing and Pricing Period as per Platts published quotations. Issuance of Sale Invoices and cross verify purchase invoices• Cargo Operations, Scrutiny of Vessel Q88, Vessel Nomination, Issue Documentary Instructions, Issue Documentary Instructions to Q&Q inspection, • Handle Cargo Trades as per contracts quantity, load and discharges quantity as per Vessel and Bill of Lading Figures, • Verification of 3rd Party Inspection invoices and reports as per DI and forward to finance department for payment process, • In-depth knowledge of feeding P & S Trade cases into ERP operation system “ASPECT” for LD & MD commodities, • Interaction with Trade Finance for Outward Payment Process of Purchase Trades and Inward payment receipts of Sale Trades.• Process and arrange Shipping Documents (Draft NNBL, BL, Cargo Manifest, COO) Show less
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Commercial Officer (P & S Contracts Specialist - Middle Distillates Physcial TradesNest Wise Petroleum Llc Mar 2023 - Mar 2024Dubai, Dubai, United Arab EmiratesPrepared, Executed Light & Middle Distillates Commodity Physical Trades Purchase and Sale Contracts.Facilitated the preparation of Purchase and Sale Contracts for various grades of Middle Distillates (Gasoil ULSD 10ppm, 50ppm, 500ppm)Coordinated the execution of Purchase and Sale Contracts in accordance with the Trader's Buy and Sale offers.Collaborating / Communicating closely with both Buyers and Sellers for LD & MD requirements. Interaction with Cargo Inspection Companies… Show more Prepared, Executed Light & Middle Distillates Commodity Physical Trades Purchase and Sale Contracts.Facilitated the preparation of Purchase and Sale Contracts for various grades of Middle Distillates (Gasoil ULSD 10ppm, 50ppm, 500ppm)Coordinated the execution of Purchase and Sale Contracts in accordance with the Trader's Buy and Sale offers.Collaborating / Communicating closely with both Buyers and Sellers for LD & MD requirements. Interaction with Cargo Inspection Companies, Inhouse Operations Department for MD Cargo Delivery Execution.Interaction with compliance and legal departments for KYC procedures and ensured compliance and legal impact terms and conditions outlined in the Purchase and Sale Contracts, aligning with the specific requirements of Sellers and Buyers. Worked in collaboration with in-house legal compliance for comprehensive contract review.Interaction with Trade Finance department for L/C’s, Bank Guarantees and Bonds for buy and sale trades.Interaction with Finance Department for Invoice, Payment process and Payment receipts as per deals and deal recaps of buy and sales trades.Managed the confirmation of each deal, providing recaps for Purchase and Sale deals, and subsequently assigned trade cases. Recorded and registered all trade cases details into ERP “ASPECT” while uploading relevant information as per finance guidelines.Utilized “ASPECT” software to document and maintain trade cases according to Hedge Table and PS Table specifications. Ensured accurate and timely entry of data, maintaining a comprehensive record of each deal.Coordinated with internal departments for Platts Daily Dashboard Index to align each trade case's underlying pricing with contract pricing, ensuring consistency and accuracy.Oversaw the finalization of invoices for each trade, meticulously matching them with the agreed underlying pricing. Conducted thorough calculations of density (MT/BBL) as per BL and vessel discharge figures for billing process. Show less
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Officer- Commercial/LogisticsMecs - Middle East Control Services Mar 2007 - Mar 2023Dubai, United Arab EmiratesProcurement, Vendor sourcing, Vendor Evaluation, Vendor Registration.Scrutiny of RFQ, Issue SAGE PO, Generate E&I product code, Handled subcontracts for OIL & GAS projects execution. Thorough Knowledge of contractual terms & conditions . Ensure timely collection of receivables. Update management on payment receivables and project progress work. Analyze progress work in coordination with PM, CM & Invoice as per defined scope of work. Review SubContracts , Post Order… Show more Procurement, Vendor sourcing, Vendor Evaluation, Vendor Registration.Scrutiny of RFQ, Issue SAGE PO, Generate E&I product code, Handled subcontracts for OIL & GAS projects execution. Thorough Knowledge of contractual terms & conditions . Ensure timely collection of receivables. Update management on payment receivables and project progress work. Analyze progress work in coordination with PM, CM & Invoice as per defined scope of work. Review SubContracts , Post Order coordination with E&I goods Suppliers & manufacturers. Issue LOI and LOA's.On Contract Agreement apply for Bonds i.e PB, APG, RBG as per subcontract conditions. Prepare Cashflow and MIS as per contract Scope SOW. Periodic visits to client’s finance dept for project accounts reconciliation. Coordinate with PM, Sites and ensure project requirements are met end-to-end. Post PO Planning & timely Delivery of goods to various sites as per project deadlines.Familiar with air/ocean freight, cross trade shipments, consolidation, break bulk, out of gauge cargoes.Liaison with Freight Companies to obtain best air / sea freight rates and nominate the shipments based on cost savings and merits.Coordination with freight agents and 3PL companies. Manage custom clearance of the shipment using accurate HS Codes.Obtaining best freight rates from agents & Transporters to get optimize cost savings based on tentative volume and dimensions of the cargo prior to analyzing shipment mode.Preparation of custom clearance and shipping documents for all import /export shipmentsIn-depth knowledge of shipment clearances within UAE ports / airports customs house.Knowledge of L/C’s, INCOTERMS, IMPEX (Import / Export) procedures for GCC and Overseas shipments.Obtain RFI from Supplier / Manufacturer’s facilities as per PO / PL & project specs.Obtain Certificates (MTC’s) from supplier for RFI and approvals from the consultant post delivery to site.Apply for Duty Exemption documents from the relevant authorities. Show less -
Office Manager- Commercial/LogisticsAsif Lighting Equipment Trading Feb 2004 - Feb 2007Dubai, United Arab Emirates• Execution of Materials Delivery (Airfield Lightings) to project sites. • Arrange Import Clearance Documentation for all import shipments • Local and International Procurement. Audit all the Subcontracts retained by the company. • Coordinate with Banks for Guarantees i.e. Tender Bond, Advance Payment, Performance Bond & Retention. • Handled L/C’s sight & usance for all import & export consignments from USA,U.K and Belgium • Handled finance, Availing Bank Credit… Show more • Execution of Materials Delivery (Airfield Lightings) to project sites. • Arrange Import Clearance Documentation for all import shipments • Local and International Procurement. Audit all the Subcontracts retained by the company. • Coordinate with Banks for Guarantees i.e. Tender Bond, Advance Payment, Performance Bond & Retention. • Handled L/C’s sight & usance for all import & export consignments from USA,U.K and Belgium • Handled finance, Availing Bank Credit Facilities. • Analyzing bank interest on Trust Receipts (T.R’s) for Import Bill Collection, • Knowledge of Bills Discounting (LBD’s) of Invoices & PDC’s and L/C’s • Administrative Activities i.e. labour deployment, leave settlement, distribution of wages & payrolls. • Handled Warehouse and Inventory Control. • Follow-up on pending issues of projects i.e. supply, delivery, execution and payments. • Project Invoicing and Payment Follow-Up as per Subcontracts Works Progress. Show less
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Operations/Admin. ExecutiveDecolight Trading Llc Oct 1998 - Dec 2003Dubai, United Arab Emirates• Placing Local & Overseas Purchase Orders. • Obtain best Air and Ocean freight rates from various freight forwarders for all import/export shipments. • Track & update all the PO’s Delivery Schedule to Sales Department. Arrange meetings for sales development. • Submit the tentative air &sea freight cost of every consignment to the Sales Department. • Coordination with Sales Department and assist them in Proposals / Quotations. • Analyzing the best possible methods of… Show more • Placing Local & Overseas Purchase Orders. • Obtain best Air and Ocean freight rates from various freight forwarders for all import/export shipments. • Track & update all the PO’s Delivery Schedule to Sales Department. Arrange meetings for sales development. • Submit the tentative air &sea freight cost of every consignment to the Sales Department. • Coordination with Sales Department and assist them in Proposals / Quotations. • Analyzing the best possible methods of imports i.e. consolidation on LCL, FCL basis from Europe, USA. • Notifying Freight Forwarder for all expected inbound shipments. • Follow-up with freight forwarder concerning shipment arrivals & prepare documents for custom clearance. • Coordinating with Warehouse for all shipment arrivals. • Audit Suppliers invoices for all purchase orders and taking corrective actions. • Coordinating with local clients also updating them on their orders on respective projects. • Coordination with Accounts Department regarding Payment to suppliers / forwarders. • Coordination with Banks for - Bank transfers, Letter of Credit, Trust Receipts, Bill Discounting (LBD), Shipping Guarantee. Show less -
Senior SecretaryKuwait Control Company (Kcc) Dec 1996 - May 1997Kuwait• Prepared Pre-qualification & Tender documents. • Follow-up with all major companies for the tenders submitted. • Assisting the Project Manager for manpower recruitment, if necessary for the project. • Coordination with various sites and obtaining site progress reports. • Preparation of daily progress reports of construction work at site. • Submitting daily manpower and man-hours reports to the consultant World Services Italia (WSI). • Handled about 200 employees of… Show more • Prepared Pre-qualification & Tender documents. • Follow-up with all major companies for the tenders submitted. • Assisting the Project Manager for manpower recruitment, if necessary for the project. • Coordination with various sites and obtaining site progress reports. • Preparation of daily progress reports of construction work at site. • Submitting daily manpower and man-hours reports to the consultant World Services Italia (WSI). • Handled about 200 employees of Ethylene Glycol Equate Project site Swaikat (Kuwait) & renewal of their visas & entry permits. • Maintaining records of employee’s passport details and residence permit. Show less -
Senior SecretaryNamma Cargo Services Co Ltd Dec 1995 - Jun 1996Jeddah, Makkah, Saudi Arabia• Assisting the District Manager in all the administrative activities. • Self Correspondence, Letter Drafting,. • Preparation of Cargo Quotations and Co-ordination with Sales Team & Clients. • Preparing Air & ocean Cargo reports and submitting it to the principles in USA, UK and Italy. • Verifying in/out e-mails / faxes from overseas principles and clients. • Preparing Tender & Pre-Qualification documents for National & Int’l / Refinery Firms. • Handled foreign… Show more • Assisting the District Manager in all the administrative activities. • Self Correspondence, Letter Drafting,. • Preparation of Cargo Quotations and Co-ordination with Sales Team & Clients. • Preparing Air & ocean Cargo reports and submitting it to the principles in USA, UK and Italy. • Verifying in/out e-mails / faxes from overseas principles and clients. • Preparing Tender & Pre-Qualification documents for National & Int’l / Refinery Firms. • Handled foreign delegate’s itinerary and fix appointments with the Customers/ Clients. Show less
Richard Jerom Education Details
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Accounting And Finance
Frequently Asked Questions about Richard Jerom
What company does Richard Jerom work for?
Richard Jerom works for Alfa Star Global Trading Dmcc
What is Richard Jerom's role at the current company?
Richard Jerom's current role is Trade Operations Supervisor | Physical Trade Contracts LD&MD Commodities | Trade KYC /Compliance/ NDA's | Cargo Operations | Q&Q Inspection| Q&Q Claims | Demurrage &Laytime Analysis| Procurement & Logistics-EPC projects..
What schools did Richard Jerom attend?
Richard Jerom attended University Of Mumbai.
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Richard Jerom
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