JIAXING TAO

Experience

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  Great Wall International Shipping Ltd.

  Aug 2010 - Jul 2013

  Shipbroker

  • Chartering and fixing for principals• Post-fixture operations and legal term explanation• Demurrage and despatch analysis• Market analysis and data collection for (TSI)Tianjin Shipping Index【ACHIEVEMENTS】- Hundreds of fixtures.- Excellent guidance for principals’ risk managements in Charter Party and operations.

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  Consolidated Edison Company of New York

  May 2014 - May 2015

  Analyst

  Data Analysis; Procurement of services and products for planning department and maintenance affairs; Contractor oversight administration; Resolution of invoices and payments.

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  Transpower Marine Pte Ltd

  Jan 2016 - Sept 2018

  Freight Trader

  • Liaise with trading team about key contractual requirements/conditions of shipments, initiate freight trading independently• Negotiation on Charter party terms, Contract of Affreightment and other agreements• Market analysis on commodity and shipping for trading strategy • Working closely with supplier, customers, brokers, insurance company to ensure smooth operations of whole trading and shipping cycle and expedite whole financing flow from import to export• Planning on hedging strategy and minimizing risk exposure• Make decision on ship positioning for continuous stable income• Highlight potential risks to trading team regarding to contracts’ performance• Disputes resolution on contract performance• Upload all trading information onto the system timely and accuratelyAchievements• Maintain positive PnL on trading book• Recognize potential risks and avoid further losses• Timely and efficient freight service for trading team• Good interpersonal skills when talking with stakeholders• Effective resolutions during trading and shipping operations Show less

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  Eastport Group

  Sept 2018 - Dec 2020

  Senior operation executive

  • Prepare daily market report and weekly analysis report for strategy• Guide principals on contracts negotiations for feasible agreement• Ensure smooth coordination of whole trading operations and shipping cycle, mitigate operations risks for principals• Documents issuance and processing such as drafting invoice and checking certificates of quantity/quality/origin• Guide principals for tank cleaning and terminal inspections according to cargo’s specifications• Coordination of loading and discharging plans including quantity determination and ship/shore difference etc• Track and monitor the compliance of all contractual obligations• Update vessel’s itinerary, monitor voyage and speed to minimize demurrage• Update information in company’s systems timely and accurately【ACHIEVEMENTS】- Guide principals to make reasonable decisions for maximizing profits.- Coordination skills among shipper, charterer, and receiver for smooth operationsDemurrage analysis and calculations.- Handling over 100 vessels annually. Show less

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  Shenghong Petrochemical International Pte Ltd

  Mar 2021 - Feb 2023

  Deputy Operation Manager

  • Technical analysis of physical/derivative oil market and prepare weekly market reports for strategy when necessary.• Liaise timely and effectively with supplier, buyers, ship owners/brokers, vessel operator, cargo surveyors, cargo agent, insurance broker, and banks, maintaining good relationships with counterparties• Coordinate with internal departments (trading, finance, shipping, legal, port management) and communicate with Refinery regarding to custom clearance and refining planning and operations• Managing China domestic and international trade documents, including preparing trade contracts and participating in the negotiation of the terms of trade contracts • Managing shipping operations and shipping documents independently• Ensuring all necessary financial security (L/C, deposit, prepayment) in place prior loading/discharge• Assisting with contract signing, executing payment, transfer of cargo rights, invoicing, month-end reconciliation, following up on customer payments• Developing business ledger, initiating fund plan (settlement plan and budget) and updating business data weekly, quarterly and monthly• Managing, training, and guiding new operation executive in time for smooth operations• Originating CTRM design and assessment, and conduct internal training.【ACHIEVEMENTS】- Broaden contracts base such as ADNOC/QPSPP/SOMO/EQUINOR/BP GTCs.- Conduct simulated futures trading as per trader’s guidance when necessary.- Developing operational procedures to coordinate all departments and improve efficiency.- Project manager for designing CTRM system according to company’s structure and business standard.- Initiate service agreements with cargo surveyors for smooth cargo inspections. Show less

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  HPL GLOBAL PTE LTD

  Feb 2023 - now

  Light distillates Trader (Naphtha & Gasoline)

  • Procurement and delivery of feedstock to the assets in a timely, safely and profitable manner.• Sale and export of assets’ products in a timely, safely and profitable manner.• Lock Margins for the assets’ feedstocks and products and/or protect against price volatility and/or risk manage mismatched pricing tenures using appropriate approved hedge instruments in the OTC or exchange-cleared derivatives markets.• Analyse, Propose, Execute, Risk Manage 3rd party trades to achieve safe and profitable outcome.• Risk Manage all price and quantity exposures via appropriate approved hedge instruments in the OTC or exchange-cleared derivatives markets• Maintain good relationships with all the assets’ term suppliers and term buyers, providing accurate, timely and meaningful information to all stakeholders in order to increase company’s credibility and business opportunities.• Explore, investigate and develop new business opportunities in markets not yet transacted by company.• Conduct and perform all deal entry, amendments and related CTRM requirements timely and accurately, with strict compliance to company’s risk management policies.• Work with Risk Management team (RM) to ensure all deals are marked timely and accurately.• Advise RM and Finance teams of pertinent market related information on counterparties especially in performance and credit related exposures.• Maintain own exposures and PNL tracking to ensure consistency and accuracy vs RM reporting.• Full and unconditional compliance to Delegation of Authority and Trading Risk Limits.• Maintain regular communications with the group assets to explore new opportunities and optimize existing portfolio of products.• Participate in regular trading meetings to update management of positions, exposures, opportunities and deal related problem issues.• Resolve all deal related problem issues timely, safely and with minimal financial impact to company.• Analyze, Propose and Execute appropriate cross-barrel trades. Show less