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Demurrage Senior Negotiator- Fixed term

Demurrage Senior Negotiator- Fixed term

  • Location Hungary - Budapest
  • Travel required No travel is expected with this role
  • Job category Supply & Trading Group
  • Relocation available This role is not eligible for relocation
  • Job type Professionals
  • Job code RQ082277
  • Experience level Intermediate
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Job summary



Job Family Group:

Supply & Trading Group

Job Description:

We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together. You can participate in our new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.

In Hungary, we operate bp’s Global Business Services organization which is an integrated part of bp. Our people want to play their part in solving the big complex challenges facing our world today and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions. In our offices in Budapest and Szeged, we work in customer service, finance, accounting, procurement, HR services and other enabling functions – providing solutions across all of bp. Join our team, and develop your career in an encouraging, forward-thinking environment!
Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?
Join our Trading & Shipping function and advance your career as a
Demurrage Senior Negotiator- Fixed term!

In this role You will:
  • Manage a portfolio of claims in a systematic way to ensure timebars are not missed, meaningful responses are provided to counterparties, rigours 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
  • Responsible for demurrage, freight and expenses on behalf of select BP group companies.
  • Investigation and collation of the facts and data gathered from Traders, Operators, Charterers, Legal and Tax Advisors in order to fully assess each individual demurrage claim.
  • Negotiation of disputes with Group companies or Third parties
  • 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.
  • Hold commercial relationships and manage complex negotiations with external counterparties to maximise value recovery and advance bp’s interests.
  • Appropriately assigned costs to relevant benches to ensure accurate profits and losses are reflected, collaborating with Settlement Analysts and Commodity Risk 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.

What You will need to be successful:

  • Relevant university (economy or finance) degree
  • Minimum of 3-5 years in finance or trading, or shipping
  • Global/ multi-national company work experience
  • Fluent English knowledge
  • Interest in learning about the trading & shipping industry
  • Good problem solving, communication and interpersonal skills
  • Negotiation skills and ability to hold external relationships.

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
  • Assets like phone for private usage and company laptop are provided from the first day of employment with other equipment if requested

bp Hungary won the Most Attractive Employer 2023 Award (SSC / BSC sector) third time in a row at PwC's annual employer research. Come and join us!

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working


Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).  If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy.  This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

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