Gafta’s Trade Foundation Course is the ideal training option for commodity trade professionals who are looking for a thorough introduction into the world of commodity contracts and trading principles. The course will cover the essentials elements of the trade, from how a contract is formed, through to identifying and mitigating common risks, issues around the shipping of goods and what happens if a dispute arises.

*The language of this course will be English*

The course is part of the Gafta Professional Development (GPD) programme, which enables trade professionals to advance their career in the industry by taking the Trade Diploma and potentially going on to become Gafta arbitrators. It is recommended (but not compulsory) that the Trade Foundation Course is attended before our other training programmes.

Networking

Tickets will include full access to the course social programme which will include two evening activities.

Topics include:

• Basic principles of contracting
• Introduction to Gafta contracts and contract terms
• Supervision and sampling
• Shipping documents
• Laytime and demurrage
• Payment terms
• Exceptional circumstances
• Dispute resolution

Exam

At the end of each GPD course is an exam, which students have up to 1 hour to complete.

The exam is a mixture of multiple choice and free-text questions. There are no essays required within the exam. It is open book, so students can use all their notes and course materials to help them complete it.

Should a student fail, they will get 1 chance to retake, which can be done online. Retakes must be completed within 5 days of the link being issued. Failure to pass the retake means that the student has failed the course and is advised to re-book onto the next date.

Certificates

Candidates who pass the exam will gain a certificate for the course. There are no certificates of participation/attendance for GPD courses, only for students who pass the exam.

Exam results are usually issued within 1 week of the course.

Programme

To view the full programme CLICK HERE  

(please note this maybe subject to changes and updates)

Sample agenda

Exam rules

• Must be completed in silence
• Maximum of 1 hour to complete
• Only 1 paper per student
• Only 1 retake per student

Plagiarism

Students discovered conferring during the exam, or papers received which are identified as copies will receive an automatic failing grade for their paper and be required to re-rake the exam.

Who should attend?

This course is aimed at trade professionals who:

• Wish to get a basic overview of commodity trading essentials
• Are in the first two years of their careers
• Want to develop their career within the industry
• Have been in the trade for some years but want to expand their knowledge of areas outside their workstream

Dresscode
The dresscode for Gafta training is smart-casual. Suits are not required.

Register

To book for this event, please log in to the website and click the ‘Book’ button at the bottom of this page.

If you aren’t already registered on the Gafta website, please click ‘Register’ above, fill out your details and then email your interest in this event to events@gafta.com.

*This event is open to members and non-members of Gafta*

Fees

Contacts

events@gafta.com
Location, other logistical queries & programme queries: Megan Smart

Terms & Conditions

Please note: Registration at this event does not include accommodation or travel. Attendees are expected to arrange and meet these costs independently.

Statement regarding Coronavirus

Gafta takes the safety of all our delegates and visitors seriously. We advise all delegates and visitors to follow the latest government-issued advice. 

Link to UK Government advice page: https://www.gov.uk/guidance/wuhan-novel-coronavirus-information-for-the-public

Please note:

‘Gafta does not recommend hotels or have any affiliation with hotels nearby. All travel and accommodation should be booked and paid for by the individual attending the course.’

We very much regret that, due to the various financial and banking sanctions which have been imposed on Russia (and which are very likely to change at short notice), Gafta is unable to accept payment from, or on behalf of, any entity based in Russia at this time. We cannot, therefore, provide a place on this course for Russian entities at this time.