INTRODUCTION
Specifically catering to LNG carriers, charterers and traders, this seminar scrutinises the commercial & legal aspects of LNG shipping; and sheds light on how LNG charter parties should be used in practice. Aimed at enabling attendees to excel in negotiation of chartering contracts and in ensuring performance obligations, the programme zooms in on major pitfalls to consider –including technical aspects pertaining to LNG cargo, vessels operations and cargo transfer; as well as trading issues that have important implications on clauses & provisions. You will gain from practical lessons and exercises across a range of matters, including LNG time / trip chartering, boil-off and bill of lading, ship-to-ship transfer provisions, cargo quantity vs quality issues, newbuilding chartering vs existing ship charters, the key differences against oil tanker chartering and delivery obligation reviews.
OBJECTIVES
Ensure that all obligations arising from the contract / charter party are carried out, and that any necessary requirements are complied with.
Deal with cargo and freight counter-parties, terminals and vessels on a regular basis regarding all pre and post-deal activities ensuring all necessary operational information is passed on in good time and documentary requirements are met
Appoint independent inspectors, expeditors and ships agents.
Ensure that all operational information is entered into Trading systems.
Coach cargo and freight invoicing work as well as follow-up with diversion payments and clearances of accruals for both external and internal deals.
Liaise with counterparts to ensure smooth operations, avoid delays and minimize demurrage costs.
Thinking on your feet to deal with contractual problems ensuring that they are managed professionally and optimally for the trading business.
Specifically seek to add value by exercising embedded commercial and logistical deal options and by pro-active approach to problem solving.
Advise commercial colleagues on the workability of proposed contractual arrangements for new projects, new contracts and spot cargoes
Agree supply schedules with third parties and calculate cargo prices.
Carry out contractual volume reconciliations ready for the annual delivery program discussions. Ensure that all financial security is in place
Efficiently manage the trade-offs between bunker consumption, boil-off and vessel speed (heel management) instructing the vessels Master accordingly.
Close out the charter parties accounting for all costs and obtain
Arrange Bunkers and OPL activities as required by the vessel
Devise optimal voyage plans working with the vessel and commercial colleagues
Identify and exploit synergies with other parts of Shell Trading
Ensure that LNG Operations complies with Shells internal standards incl. compliance and HSSE.
Managing internal stakeholders e.g. Traders, Optimiser Traders, Finance, Stasco Shipping and Global Operations Commercial Services.
Managing relationships with external stakeholders, counter-parties and service providers e.g. suppliers and customers, regulatory bodies, ship owners and agents, inspectors and survey companies.
WHO SHOULD ATTEND ?
fleet managers
superintendents
consultants
flag state authorities and surveyors involved in the LNG industry.
operators
managers seeking to develop their legal knowledge.
maritime and insurance personnel
Lawyers
Shipping agencies managers
claims handlers and underwriters
Legal Professionals
Investors
Financial Managers
COURSE OUTLINE
Day 1
The Difference Between Chartering an LNG carrier and Chartering and Oil Tanker
Introduction to carriage of LNG, boil-off and heel
LNG Ships
Materials and Strength of Ships
The principal differences between a short-term charter for an oil tanker vs an LNG carrier
The absence of voyage chartering in the LNG market
Day 2
International Code for the Construction & Equipment of Ships Carrying Liquefied Gases in Bulk (IGC CODE )
Brief Description of IMO
Application of IGC Code
Ship Survival Capability
Ship Arrangements
Day 3
Lng Ship Management
Ship Management Systems
Shore Organisation Structure
Operation Department Duty and Responsibility
Legal Department
Ship Board Management
Day 4
Lng Liability Regimes
Conditions of Use
The variety of liability regimes
The International Group of P&I Clubs and the Pooling Limits
The premium for market cover HNS Convention rather than CLC Convention, and limits of applicability
Day 5
Delivery and Quality Obligations:
In a ‘typical’ LNG MSPA, when must the LNG ship arrive, when must loading / unloading be completed
What are the typical consequences for a delivery failure?
What are the subtle differences to look out for when reviewing delivery obligations?
Are damages calculated on quantity not taken/ delivered or full cargo lot?
The consequences in a ‘typical’ LNG MSPA if an ‘off-spec’ issue is identified
The subtle differences to look out for when reviewing delivery obligations (e.g. are damages calculated on the off-spec quantity or full cargo lot
‘indirect’ damages included in the calculation
The regime for treatable and untreatable quantities
Reject off-spec LNG if you are liable to pay your sub-buyer materially more than you can recover from your supplier
IN-HOUSE TRAINING
LMA Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lmitac.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LMAteam for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00AM12:45PM and 01:00PM - 05:00PM.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lmitac.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
Info@lmitac.com
DUBAI
Business Bay, ParkLane Tower, Offices 718 - 719
+971 43880094
Info@lmitac.com