NGFA’s 2019 Trading, Trade Rules and Dispute Resolution Seminar (Trade Rules Seminar) will feature a special barge trade session focused on the new and currently underway Barge Digital Transformation project.
This initiative launched last year in response to industry-generated demand to replace the current costly, cumbersome and outdated (paper- and FedEx-based) process to apply barges and transfer bills of lading. For about a year, a diverse coalition of companies in the industry have been working to develop a prototype digital system, which it widely is anticipated will be available to revolutionize this process by next year and potentially lead to innovation in other areas for the grain, feed and processing industry. This session is the only currently scheduled opportunity for a behind-the-scenes look at this initiative before it launches next year.
Industry experts confirmed for the session, “The Barge Trade: Barge Trade and Barge Freight Trading Rules; Barge Digital Transformation Project,” include: Danny Andersen, barge freight trading manager at Cargill Inc.; Steve Lucas, president of Jayhawker Consulting Co., LLC, and NGFA Barge Trade Rules Subcommittee member; Brittany Schaefer, logistics manager at Bunge North America and NGFA Barge Document Transformation Project Steering Committee chair; and Mark Stoppel, vice president of dry sales at American Commercial Lines Inc. and NGFA Barge Freight Trading Rules Subcommittee member.
In addition to the barge trade session, the seminar will provide attendees with a primer on contracting principles and trading practices designed to minimize costly trade disputes and contract non-performance.
“[The Trade Rules Seminar] is a great way to really gain exposure to the trade rules and their application to what we use every day in the grain industry,” said Dan Suarez, merchandiser at Central State Enterprises, Inc. in Lake Mary, Fla., and member of the NGFA Trade Rules Committee.
Designed for those involved in trading operations or responsible for merchandising grains, feed and feed ingredients, the program uses extensive case studies and includes interactive sessions on:
- Trade rules application.
- Commercial and producer contracting.
- Laws and standards applicable to grain and feed transactions.
- Avoiding disputes and use of arbitration when necessary.
In addition to obtaining a working knowledge of trade and contracting matters, and extensive course materials for future reference, participants conclude the seminar with a competency test.
Before the seminar, participate in the online Grain Trade Rules Course, designed to familiarize individuals with the Grain Trade Rules and provide practical guidance in understanding the rules. It consists of trade rules outlines, arbitration decision summaries and practical guidance from members of NGFA’s Trade Rules Committee.