Advanced LNG Contracts

Mandarin Orchard Singapore, by Meritus, Singapore, Singapore
16 July - 17 July, 2018


Key Learning Outcomes

  • Gas trading hubs – what does this mean for commercial contracting
  • Key issues within LNG Sale & Purchase Agreements (SPAs)
  • The traditional LNG contract – key aspects reviewed (quantity; quality; conditions of delivery i.e. FOB; CIF, DES etc.)
  • Negotiation, Renegotiation and Reopeners
  • The Annual Contract Quantity (ACQ)
  • Buyer and Seller obligations
  • Contract settlement (invoicing and payment
  • Chartering, Transportation and Loading provisions
  • Case Studies and Practical Exercises on
  • A SPA dissected
  • Examining a diversion provision
  • Negotiating diversion rights

 

Who Should Attend

Any executive from LNG Suppliers, Traders, Importers, End Users and Financiers involved in contract negotiations and administration, including but not limited to

  • Marketing, Sales and Business Development
  • Contracts, In house Counsel and Pricing specialists
  • Commercial, Procurement and Financial controllers

 

Course Director
Christopher Lennon is the Director of Stone Falcon
Corporate and Legal Consulting Ltd – a company that works internationally, and is based in Scotland, UK. He has 27 years’ experience within the oil, gas and maritime industries. He has consulted, and given lectures and seminars on
various aspects of the LNG industry, including but not limited to strategy, contracts, negotiation and leadership. Chris is a contracts specialist and an international commercial arbitrator. He holds an MBA and LLB from the University of Aberdeen, as well as the Chartered Institute of Arbitrators DipICArb. He has over 17 years teaching experience at several universities across the world.

 

What Past Attendees Say about our Course Director
“Well presented, good material and the course was very
interesting.”
Dewi Sulistyaningsih, Project Administration and Monitoring Dept. Head, PT. MRT Jakarta

“Topics are very interesting; the speaker spoke clearly, well organized and easilyunderstand his lessons.”
Jalamayan Mari Quita, Accountant, Department of Energy

“I like how the story telling was in line with the context, speaker provides simple explanations and examples and his presentation and communication skills are good.”
Pongsak Krukanont, Business Development Manager, Glow Energy Co. Ltd

“Interesting, informative and practical; it does help in my job.”
 Tan Wan Teng, Rebecca, Senior Quantity Surveyor, M+W Singapore Pte Ltd