An Intensive 5-day Training Course
LNG Charter Party
Negotiating and Managing Risks, Liabilities and Disputes
INTRODUCTION
The LNG Charter Party Course by EuroMaTech provides participants with a comprehensive understanding of the legal, commercial, and operational framework governing the chartering of liquefied natural gas (LNG) vessels. The course explores the evolution of the LNG trade — from traditional long-term time charters under DES (Delivery Ex Ship) sales to the growing adoption of short-term and spot market contracts under FOB arrangements.
As global LNG markets become increasingly flexible, it is essential for professionals to understand how different charter party structures — including time and voyage charters — impact commercial risk, profitability, and operational performance. This LNG Charter Party Training provides in-depth insights into the clauses, obligations, and negotiation dynamics that define charter party agreements between owners and charterers.
Participants will explore standard forms such as SHELLTIME4, BPVOY, ASBATANKVOY, and GIIGNL LNGVOY, learning how to evaluate risk allocation, rights, liabilities, and performance obligations. The course also examines dispute resolution, demurrage claims, termination clauses, and best practices for mitigating commercial risks.
Key highlights include:
- Understanding LNG charter party forms and their applications
- Differentiating between voyage and time charters in LNG trade
- Managing contract negotiation and dispute avoidance effectively
- Identifying key liabilities, rights, and obligations of owners and charterers
- Evaluating risks, claims, and operational performance under charter agreements
TRAINING OBJECTIVES
By the end of this LNG Charter Party Training, participants will be able to:
- Understand the different types of LNG charter parties and their contractual structures
- Evaluate risk allocation and key responsibilities between owners and charterers
- Interpret and negotiate essential charter party clauses effectively
- Manage performance obligations, liabilities, and commercial risks
- Identify key differences between time and voyage charter arrangements
- Apply best practices in laytime and demurrage calculations
- Address disputes with appropriate resolution and risk mitigation strategies
- Gain confidence in selecting the most suitable charter form for specific LNG operations
WHO SHOULD ATTEND?
This EuroMaTech LNG Charter Party Course is designed for professionals across the LNG shipping and trading value chain, including:
- Ship Owners, Charterers, and Freight Forwarders
- Ship Brokers and Shipping Agents
- Marine Insurers and Underwriters
- Maritime Lawyers and Legal Advisors
- Operations and Chartering Managers
- Professionals involved in LNG shipping contracts and voyage management
This course is ideal for both new and experienced personnel seeking deeper insight into the structure, risk, and negotiation of LNG charter party agreements.
TRAINING METHODOLOGY
The LNG Charter Party Training employs a highly interactive approach combining expert-led instruction with practical exercises, case studies, and group discussions. Participants will examine real-world examples of LNG charter contracts, analyze key clauses, and simulate negotiation scenarios to strengthen practical understanding.
The course includes legal and operational case studies drawn from global LNG trade, ensuring participants gain exposure to real industry challenges. Through role-playing exercises and guided discussions, delegates will enhance their analytical and decision-making capabilities while developing the confidence to address charter party disputes and manage contractual risks effectively.
TRAINING SUMMARY
This EuroMaTech LNG Charter Party Course provides professionals with a detailed exploration of LNG chartering practices, contract structures, and commercial risk management. Participants will learn how to select and apply the appropriate charter party form — whether SHELLTIME4, GASVOY, GIIGNL LNGVOY, or others — based on operational and commercial objectives.
The course also covers performance obligations, laytime and demurrage computation, bunkering responsibilities, and boil-off gas management. Special emphasis is placed on risk evaluation, dispute resolution, and the practical aspects of charter execution.
By the end of this LNG Charter Party Training, delegates will possess the expertise to negotiate, manage, and administer LNG charter contracts confidently, ensuring compliance, risk mitigation, and successful voyage execution in a complex and evolving LNG market.
TRAINING OUTLINE
Day 1: Introduction of Key Elements of Ship Charter Party
- Introduction to Shipping and contracts
- A charter party as a contract of carriage
- Different Types of charterparty
- Time Charter Party
- Voyage Charter Party
- Bare Boat Charter Party
- Introduction to Time Charter Party
- Introduction to Force Majeure and
- Introduction to LNG vessels (New Builds, Shipbuilding, price choices, length, time taken to build. Best Shipyards and why?)
- Introduction to Flag State or Flagging of vessels
Day 2: Introduction to Shipping and Charter Party
- General Principles
- LNG Characteristics and Handling Features
- Importance of Equipment
- Specifications stated in a Charter Party
- Explicit Warranties by the Owners
- Cargo Capacities and LNG Fleet Profile
- Estimation of Bunker Cost
- Permissible Limit for Boiloff Gas (Natural or Induced)
- Difference between transporting LNG to Europe and the United States as compared to transporting to Asia
- Shipping and Charter Party compared in Dubai and Qatar (or just Dubai)
- Case Studies (including case studies from Dubai and Qatar
Day 3: Key LNG Charter Clauses
- Condition of Vessel & Charterers’ Inspection
- Presentation and Conditioning of Cargo Tanks at the Loading Port
- Ownership of Heel This
- Voyage, Loading and Discharging Ports and Logs
- Delivery Window
- Ship to Ship Transfer (STS)
- Notice of Readiness (NOR))
- Laydays/Cancelling
- Laytime
- Cargo Measurement
- Boil-off of Cargo - As customary in this trade
- Explicit Warranties by the Owners
- Types of LNG Tankers and Custody Transfer Features
Day 4: Special clauses for LNG Vessels
- LOIs
- Ship Tenders
- Equity concerning Shipping, Time Charter Parties
- Health, Safety, Security and the Environment
- Rate and payment of hire
- Force Majeure and the events of it (War etc.).
- Termination due to force Majeure with Case Studies ( Dubai and other jurisdictions )
- New Jason Clause (what is it and why is this clause important)
- Bill of lading, duties onboard the ship
Day 5: Effective Dispute Resolution Strategies and Choice of Forums
- BIMCO Dispute Resolution Clause (2016)
- The Dispute Resolution clause
- Arbitration: London; New York; Singapore; or a free choice of venue
- Mediation provision
- Governing Law and Arbitration Clauses
- Jurisdictional Issues
- Challenges of Arbitration and Litigations
- Dispute Resolution in Dubai and Qatar (if possible)
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
