LNG Contracts and Price Negotiation
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LNG Contracts and Price Negotiation
LNG Contracts and Price Negotiation
09 -
13
Jun
2024
London,
United Kingdom
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
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