During the early days of the industry, liquefied natural gas (LNG) was carried almost exclusively under time charter terms and conditions. Originally, the majority of LNG was sold by the producers under Long Term DES (Delivery Ex Ship) sale and purchase agreements, with ships chartered under long term time charters by the producers.
Recently, there has been a move towards shorter-term contracts and FOB sales resulting in a spot market beginning to develop, with spot LNG cargoes being carried on trip time charter terms. BIMCO and GIIGNL have developed this new voyage charter party to allow greater flexibility and meet the needs of owners and charterers in the LNG sector.
This LNG charter party training course will provide both an overview and in-depth look into the various clauses of a LNG charter party and issues which need to be addressed during the negotiation stage and what pitfalls to avoid.
The participants with gain valuable insights into the actual workings of a charter party in the LNG trade and to pre-empt and identify the uncertainties and how best to deal with them. Time and voyage charter parties will be reviewed in detail and the participants will be made to appreciate the differences between them and to know which would be appropriate for any particular voyage.
Lastly, the course will also deal with charter party disputes and how best to effectively manage them.
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.
Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.