LNG Shipping, Chartering and Claims
Course Info
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Introduction
Objective
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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.
Course Outline
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
