L05. Understanding Commercial Roles, Responsibilities, Authority and Professional Competence in the International Oil Market + Up to 2 Hours of Live Online Learning

Lecture 5: Understanding Commercial Roles, Responsibilities, Authority and Professional Competence in the International Oil Market

By the end of this lecture, you should be able to:

• Distinguish between an end buyer, seller, authorized representative, broker, introducer and transaction manager.
• Understand the responsibilities and authority associated with each commercial role.
• Conduct an initial assessment of the professional and commercial qualifications of individuals and companies.
• Recognize the difference between a claimed representation and legally or commercially established authority.