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
Our courses in London take place at the following locations :
Once you register for this course, we will subsequently send the invoice and course information, including location, trainer, and other logistics.
Pay Attention, Please! The course location is subject to availability; the course time will be precise one week before the course start date! We may change the course location if there is no availability, and we will let you know about the location change once it happens.