LNG Contracts and Price Negotiation

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LNG Contracts and Price Negotiation

LNG Contracts and Price Negotiation
22 - 26 Sep 2024
Madrid, Spain
Spain

What are the Goals?

By the end of this LNG Shipping Economics & Freight Cost Calculations training course, participants will be familiar on the following:

  • Determine the LNG Shipping Industry Value Chain.
  • Understand LNG Terminal Types, Facility and infrastructure
  • Identify LNG Applicable Rules, Regulations, Codes and Standards
  • Recognise Key Components of the LNG Chain
  • Revise LNG Contracts: Fundamental’s elements
  • Demonstrate Elements in a Purchase and Sale Agreement
  • Practice Negotiation to resolve oil and gas disputes
  • Discuss International LNG Shipping Documentations
  • Differentiate LNG Supply and Demand Balance
  • Identify Global LNG Shipping Considerations
  • Value LNG and Domestic Gas Value Chains
  • Express Spot and Short-Term Markets
  • Understand Custody Transfer Requirements
  • Propose FSRU- The vital component in LNG
  • Measure FSRU CAPEX, OPEX and Chartering
  • Differentiate Between the demand for LNG transport & the supply of LNG transport
  • Demonstrate Geographic Distribute LNG molecule supply and demand
  • Assess Average freight rates by propulsion technologies
  • Discuss Example for the Calculation of the shipping price (Freight Rates)
  • Recognise LNG as a fuel and ship design configurations
  • State LNG trading route development Asia Pacific regions

Who is this Training Course for?

  • LNG Commercial Managers
  • LNG Vessel negotiators
  • LNG Project Managers or Engineers
  • LNG Commercial Managers
  • Maritime Legal Counsels or Advisors
  • Vessel Operation Managers
  • LNG Business Risk Managers
  • LNG Business Development Managers
  • LNG Contract Managers
  • LNG Sourcing / Purchasing Managers
  • Corporate Strategy Managers
  • Energy Regulators & Investor Relations
  • LNG FSU Owners, Managers, Operators
  • LNG suppliers, traders and distributors
  • Offshore Vessel and FPSO Owners and Operators

Daily Agenda

Day One: Overview of LNG Business

  • What is LNG?
  • LNG Terminal Types, Facility and infrastructure
    • Liquefaction Terminals (Export)
    • Regasification Terminals (Import)
  • Broad Terminal Operations
  • Introduction to LNG Business Best Practices
  • LNG Applicable Rules, Regulations, Codes and Standards
    • Introduction to SIGTTO Guidelines
    • International Code for The Construction & Equipment of Ships Carrying Liquefied Gases in Bulk (IGC CODE)
    • Introduction to ISO/TS 16901:2022 (risk assessment in the design of onshore LNG installations)
  • Key Components of the LNG Chain
    • Gas field
    • Liquefaction plant
    • LNG carriers
    • Receiving and regasification terminals
    • Storage

Day Two: LNG Trading Legal System and Contractual Laws

  • LNG Contracts: Fundamental’s elements
  • Elements in a Purchase and Sale Agreement
  • Contract formation
  • Contract terms
  • Interpretation of contract terms
  • Challenges in LNG Contracts
  • Remedies for breach of contract
  • Negotiation to resolve oil and gas disputes
  • Operational Impact
  • International LNG Shipping Documentations
    • Bill of Lading
    • Hague Visby Rules
    • Time Charters
    • Contracts of Affreightment (COA)
    • Contract of carriage
    • Bearer bill
    • Order Bill
    • Bill of Exchange
    • Commercial Invoice
    • Letter of Credit
    • Insurance Certificates

Day Three: LNG as A Commercial, Domestic Fuel Source for Industry

  • LNG Supply and Demand Balance
  • Global LNG Shipping Considerations
  • LNG and Domestic Gas Value Chains
  • Elements of a Gas Master Plan
  • Structuring an LNG Project
  • LNG Project Development Phases
  • LNG Reference Market Price
  • Oil Indexed Price Formula
  • Spot and Short-Term Markets
  • LNG and Gas Contracts
  • Preliminary Agreements
  • Domestic Gas Sales Agreement
  • LNG Sale and Purchase Agreement
  • Miscellaneous Agreements
  • Financing an LNG Export Project
  • Risk Management and LNG Business
  • Types of Risk in LNG

Day Four: LNG Flow Measurement, Custody Transfer & FSRU Operation

  • Custody Transfer Requirements
  • Applications of Flowmeters
  • Meter Factor
  • Proving Systems (Direct, Indirect, Master Meter, Volume, Displacement)
  • Custody Transfer Skids
  • Flow Computers and Communication
  • Temperature and Pressure Measurements
  • LNG Cargoes Specification
    • LNG Quality Specifications
    • Global LNG Specifications Guide
  • FSRU- The vital component in LNG
  • Port and Marine Infrastructure
  • Global FSRU Fleet
  • FSRU CAPEX, OPEX and Chartering
  • Main FSRU Technology options
  • FSRU Designs
  • FSRU Services
  • FSRU Projects

Day Five: Methodology to Estimate Medium-Term LNG Freight Rates

  • The Difference Between the demand for LNG transport & the supply of LNG transport
  • Geographic Distribute LNG molecule supply and demand
  • Average freight rates by propulsion technologies
  • Calculation of shipping demand
  • Calculation of shipping supply
  • Global fleet of LNG ships
  • Determination of the price equilibrium and freight rates
  • Example for the Calculation of the shipping price (Freight Rates)
  • LNG as a fuel and ship design configurations
  • LNG trading route development Asia Pacific regions
    • Qatar EU Long Term Deal
    • China-Qatar Gas Deal  

Tickets

Registrations are closed
Date & Time
Sunday, September 22, 2024
Start - 10:00 AM (Asia/Kuwait)
Thursday, September 26, 2024
End - 10:00 AM (Asia/Kuwait)

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Location

Madrid

Madrid
Spain
--Madrid--

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Organizer

Seattle International For Training

info@seattle-int.com
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