LNG Shipping, Chartering and Claims training course

Available Dates

Venue

Nov-25-2024

Istanbul
Nov-25-2024

Rotterdam
Nov-25-2024

Hamburg
Nov-25-2024

Athens
Dec-16-2024

Dubai
Jan-06-2025

London
Jan-13-2025

Dubai
Jan-20-2025

Rotterdam
Jan-20-2025

Istanbul
Jan-27-2025

Hamburg
Jan-27-2025

Athens
Feb-03-2025

London
Feb-10-2025

Dubai
Feb-17-2025

Rotterdam
Feb-17-2025

Istanbul
Feb-24-2025

Hamburg
Feb-24-2025

Athens
Mar-03-2025

London
Mar-10-2025

Dubai
Mar-17-2025

Rotterdam
Mar-17-2025

Istanbul
Mar-24-2025

Athens
Mar-24-2025

Hamburg
Apr-07-2025

London
Apr-14-2025

Dubai
Apr-21-2025

Rotterdam
Apr-21-2025

Istanbul
Apr-28-2025

Hamburg
Apr-28-2025

Athens
May-05-2025

London
May-12-2025

Dubai
May-19-2025

Istanbul
May-19-2025

Rotterdam
May-26-2025

Athens
May-26-2025

Hamburg
June-02-2025

London
June-09-2025

Dubai
June-16-2025

Rotterdam
June-16-2025

Istanbul
June-23-2025

Athens
June-30-2025

London
June-30-2025

Hamburg
July-07-2025

London
July-14-2025

Dubai
July-21-2025

Istanbul
July-21-2025

Rotterdam
July-28-2025

Athens
July-28-2025

Hamburg
Aug-04-2025

London
Aug-11-2025

Dubai
Aug-18-2025

Rotterdam
Aug-18-2025

Istanbul
Aug-25-2025

Hamburg
Aug-25-2025

Athens
Sep-01-2025

London
Sep-08-2025

Dubai
Sep-15-2025

Rotterdam
Sep-15-2025

Istanbul
Sep-22-2025

Athens
Sep-29-2025

London
Sep-29-2025

Hamburg
Oct-06-2025

London
Oct-13-2025

Dubai
Oct-20-2025

Istanbul
Oct-20-2025

Rotterdam
Oct-27-2025

Athens
Oct-27-2025

Hamburg
Nov-03-2025

London
Nov-10-2025

Dubai
Nov-17-2025

Rotterdam
Nov-17-2025

Istanbul
Nov-24-2025

Athens
Nov-24-2025

Hamburg
Dec-01-2025

London
Dec-08-2025

Dubai
Dec-15-2025

Istanbul
Dec-15-2025

Rotterdam
Dec-22-2025

Athens
Dec-29-2025

Hamburg
Dec-29-2025

London

Course Details

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.

Ensure that all obligations arising from the contract / charter party are carried out, and that any necessary requirements are complied with.
Deal with cargo and freight counter-parties, terminals and vessels on a regular basis regarding all pre and post-deal activities ensuring all necessary operational information is passed on in good time and documentary requirements are met
Appoint independent inspectors, expeditors and ships agents.
Ensure that all operational information is entered into Trading systems.
Coach cargo and freight invoicing work as well as follow-up with diversion payments and clearances of accruals for both external and internal deals.
Liaise with counterparts to ensure smooth operations, avoid delays and minimize demurrage costs.
Thinking on your feet to deal with contractual problems ensuring that they are managed professionally and optimally for the trading business.
Specifically seek to add value by exercising embedded commercial and logistical deal options and by pro-active approach to problem solving.
Advise commercial colleagues on the workability of proposed contractual arrangements for new projects, new contracts and spot cargoes
Agree supply schedules with third parties and calculate cargo prices.
Carry out contractual volume reconciliations ready for the annual delivery program discussions.
Ensure that all financial security is in place
Efficiently manage the trade-offs between bunker consumption, boil-off and vessel speed (heel management) instructing the vessels Master accordingly.
Close out the charter parties accounting for all costs and obtain sign-off from Chartering
Arrange Bunkers and OPL activities as required by the vessel
Devise optimal voyage plans working with the vessel and commercial colleagues
Identify and exploit synergies with other parts of Shell Trading
Ensure that LNG Operations complies with Shells internal standards incl. compliance and HSSE.
Managing internal stakeholders e.g. Traders, Optimiser Traders, Finance, Stasco Shipping and Global Operations Commercial Services.
Managing relationships with external stakeholders, counter-parties and service providers e.g. suppliers and customers, regulatory bodies, ship owners and agents, inspectors and survey companies.

fleet managers
superintendents
consultants
flag state authorities and surveyors involved in the LNG industry.
operators
managers seeking to develop their legal knowledge.
maritime and insurance personnel
Lawyers
Shipping agencies managers
claims handlers and underwriters
Legal Professionals
Investors
Financial Managers

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

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

International Code for the Construction & Equipment of Ships Carrying Liquefied Gases in Bulk (IGC CODE )

Brief Description of IMO
Application of IGC Code
Ship Survival Capability
Ship Arrangements

Lng Ship Management

Ship Management Systems
Shore Organisation Structure
Operation Department Duty and Responsibility
Legal Department
Ship Board Management

Lng Liability Regimes

Conditions of Use
The variety of liability regimes
The International Group of P&I Clubs and the
Pooling Limits
The premium for market cover
HNS Convention rather than CLC Convention, and limits of applicability

Delivery and Quality Obligations:

In a ‘typical’ LNG MSPA, when must the LNG ship arrive, when must loading / unloading be completed
What are the typical consequences for a delivery failure?
What are the subtle differences to look out for when reviewing delivery obligations?
Are damages calculated on quantity not taken/ delivered or full cargo lot?
The consequences in a ‘typical’ LNG MSPA if an ‘off-spec’ issue is identified
The subtle differences to look out for when reviewing delivery obligations (e.g. are damages calculated on the off-spec quantity or full cargo lot
‘indirect’ damages included in the calculation
The regime for treatable and untreatable quantities
Reject off-spec LNG if you are liable to pay your sub-buyer materially more than you can recover from your supplier

LNG Shipping, Chartering and Claims

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