Euro Training Limited Training Programs, Workshops and Professional Certifications
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Specific Job Related Process Knowledge and Skills

Including Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI on his Job
Audio version brochure
LNG501-2
2 Weeks of Process Good & Best Practices

LNG Long Term Contracts (GSPA) Administration Processes

Building Hands-on Skills & Competencies in

  1. Understanding the Legal Interpretation
  2. Contract Administration & Documentation of Events
  3. Delivery, Loading & Measurement Aspects
  4. Provisions for Changes, Disagreements and Disputes
www.eurotraining.com/bro/lng501-2.php

2 Week Training Programs

9-20 Sept 2024
New Delhi
30 Sept-11 Oct 2024
Dubai
7-18 Oct 2024
Kualalumpur
29 Oct- 9 Nov 2024
New Delhi
18-29 Nov 2024
London
18-29 Nov 2024
New York
2-13 Dec 2024
Seattle, USA
16-27 Dec 2024
London
30 Dec 2024- 10 Jan 2025
Dubai
6-17 Jan 2025
Kualalumpur
20-31 Jan 2025
Dubai
3-14 Feb 2025
London
17-28 Feb 2025
New York
2-13 March 2025
Seattle, USA
16-27 March 2025
Istanbul
30 March-10 April 2025
New York
13-24 April 2025
Dubai
27 April-8 May 2025
Kualalumpur
11-22 May 2025
London
25 May-5 June 2025

Useful Links


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What is covered in this Program?

  1. This Training Workshop builds Understanding, Skill & Competency in LNG Long Term Contracts. Liquefied Natural Gas LNG is mostly traded through Long Term Contracts with LNG Marketers or Bulk Consumers. These contracts offer Supplier advantages of Assured Revenues and Margins that can be used for Financial Planning and Investment Decisions, for the Customer it gives some Assurances of Price Stability for his Own Price Planning and Management.
    The objectives of this program are to understand and effectively administer the complexities of LNG GSPA long term contracts.
  2. Participant will understand the various types of Contracts and Conditions used in LNG Industry, though the primary focus will be on Long Term LNG Contracts.
    The participant will learn to effectively administer Long-Term contracts. Risks and disruptive events do occur for both the Buyer and Seller; Contracts therefore must define not only the rights and responsibilities if everything goes as per plan, but also for risk and variability situations that may arise during the long period of the contract. In this Domain Work Processes Good and Best Practices program the participants will learn how to improve contracts to avoid problems including differing contract interpretation rules, contract condition changes that can be considered and their risk cost implications, contract administration aspects, possible disputes, claims and resolving Claims strategies and options.

Who Should Attend?

  1. This Work Processes Good and Best Practices program is intended for LNG Contracts Negotiators, Contract Drafting Professionals and other Stakeholder Professionals, Legal Staff, Fulfillment Operational Staff, Managers, Consultants, Auditors and Government Regulators.
  2. This Program be used for Periodic Training or Refresher Training of LNG Contracts Negotiators, Contract Administrators and LNG Contract Fulfillment Professionals.

Program Content & Processes

LNG Long Term Contracts (GSPA) Administration Processes


  1. Business Environment for LNG Long Term SPAs Contracts
  2. GSPA Stakeholders & their Expectations
  3. Regulatory and Tax Aspects
  4. Logic & Need for Long Term Contracts GSPAs
  5. Understanding the GSPA Complexities in Terms of Risks and Liabilities for each Stakeholder
  6. Negotiating GSPAs
  7. Not get Mislead during Negotiations
  8. Drafting the Contract Variable Special Conditions
  9. Administering the Ongoing LNG Contracts
  10. Amicably resolving Changes, Disagreements and Disputes
  11. GSPA Risks, Uncertainties & their Administration

    (1) Annual Delivery Program and Changes

    (2) Precedent to Contract Approvals and Conditions

    (3) Assignments,

    (4) Merger,

    (5) Consolidation,

    (6) Acquisition,

    (7) Financing

    (8) Buyer's Purchase Obligation & Cancellation Rights

    (9) Compliance with Laws

    (10) Conditions Precedent to Agreement Coming into Force

    (11) Key Contract Definitions

    (13) Contract Sales Price

    (14) Default and Termination

    (15) Delivery Point, Title and Risk

    (16) Dispute Resolution and Governing Law

    (17) Force Majeure Affecting LNG Tanker or Discharge Terminal

    (18) Force Majeure,

    (19) Effect of Extended Force Majeure

    (20) Indemnities

    (21) Information Confidentiality

    (22) Rules for Interpretation

    (23) Invoicing and Payment,

    (24) Disputed Invoice,

    (25) Delay in Payment,

    (25) Audit Rights,

    (27) Liabilities,

    (28) Indemnification and Insurance

    (29) Major Scheduled Maintenance and Inspections

    (30) Measurements,

    (31) Testing & Verifications

    (32) Notices

    (33) Quality Specifications,

    (34) Testing,

    (35) If Off-Specification LNG Loaded

    (36) Quantities: Adjusted Annual Contract ACQ Quantity

    (37) Records Audit

    (38) Renegotiation of Prices

    (39) Replacement of Rates and Indices No Longer Available

    (40) Representations,

    (41) Warranties and Undertakings by Buyer and Seller

    (42) Safety Obligations

    (43) Seller's Delivery Obligation

    (44) Taxes & Refunds

    (45) Term of Agreement,

    (46) First Commercial Delivery

    (49) Transportation and Loading:

    (48) Facility Compatibility with LNG Tankers,

    (49) LNG Tanker Inspection,

    (50) Port Liability Agreements,

    (51) Loading Scheduling & Operations

    (52) Attached Cooperation Agreement

    (53) Attached Form of Guarantee

    (54) Attached LNG Terminal Use Agreement

    (55) Attached Measurement Method

    (56) Attached Port Liability Agreement

    (57) Attached Transportation Services Agreement

    (58) Attached Tug Characteristics

    (59) Attached Tug Services Agreement
  12. For each of the above GSPA provisions

    (1) Understanding the Contract Condition, its interpretation

    (2) Changes that can be considered and their implications

    (3) Contract administration aspects

    (4) Possible disputes, claims and resolving Claims strategies and options.
  13. Win-Win LNG GSPA Contract Administration
  14. Collecting Evidence to Support your Positions during Negotiations, Resolving Disagreements, and Dispute Resolution
  15. Workshop 1
  16. Processes for Deeper Insights into LNG GSPA Contract Administration Job Process Level Understanding
  17. Processes for Developing a LNG GSPA Contract Administration Performance Evaluation System
  18. Processes for Developing Meaningful KPIs for Performance Reporting
  19. Workshop 2
  20. Processes for Building a Framework for a LNG GSPA Contract Administration Knowledge System
  21. Program Recommendations
  22. Detailed Personalized LNG Long Term Contracts (GSPA) Improvement Action Plan

2 Week Job Process Skills Training

Outcomes & Takeaways

Job Process Good & Best Practices Workshop Outcomes and Takeaways
  1. The Work Process Approach to Learning is a methodology that emphasizes learning through understanding the actual work processes.
  2. A work process refers to a set of activities or tasks that are carried out to achieve a specific outcome or result. These processes can be core to the business, such as manufacturing, service delivery, or customer support, or they can be supportive, like HR processes, IT services, or administrative workflows.
  3. The Goal is to closely align training content and methods with the specific processes, tasks, and challenges found in that domain real-world work environments.
  4. What the training achieves is building skills and competencies essential for actual work processes performance. Enabling quick and seamlessly understanding how to perform their processes effectively, efficiently and avoiding the usual mistakes and risks.
This 2 Week Training Workshop participant will typically take away...
  1. Program related Process knowhow, skills, competencies and process knowledge to perform the job work processes
  2. Training that will empower the participant to identify, support and implement work process improvements in his unit, team, section, department, and organization.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's above mentioned Planned Outcomes and Takeaways)

  • This Euro Training programs is different. It develops practical Job Process Skills.

    Benefits you may see in participant post program behavior...
    • Inclination to Recognize his Processes Customers and Stakeholders, and their Needs & Expectations.
    • Higher level of Relevant Multi-discipline Job Process Skills
    • Taking Initiative to Propose and help implement Process Improvements in his Work Responsibility Area.
  • How your Participant will Change after attending the program?...
    • Increased Work Process Performance Knowledge
    • Awareness to the Need to align process performance to the Needs and Expectations of Stakeholders and Customers (internal & external)
    • Awareness of the Need to Align Process Performance to Organizational Operational and Strategic Objectives.
    • Implement Good Management Practices during Process Performance, and, Gain Awareness to meet Requirements and Recommendations of the any Applicable Industry and Professional Standards.
    • Skill Sets for possible implementation the Program Discussed Action Plan for Process Improvements.
  • Type of improvements the participant will be trained to analyze and implement include (as relevant)

          (a) Productivity Improvements

          (b) Product and Service Differentiation

          (c) Exceeding Stakeholder & Customer Expectations.
  • Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when apply the ideas and skills acquired during the training.

Participant Individual Career Benefits
Job Satisfaction & Advancement

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work processes right first time and meet internal and external customer expectations.
  2. Second, the Program developed Job Process Understanding & Skills will help participant successfully present his professional skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. Participant gains clear direction and insight for analyzing, proposing and implementing improvements in his work processes.
  4. Post program when you take decisions related to your work processes you will automatically consider Multi-discipline aspects     (as applicable):

    Internal & External Customer Needs and Expectations, Technology Options, Data Analytics and Artificial Intelligence Opportunities, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increase Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and, possibly more aspects).

Registration Form

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Registration & Fee Information (2 Week Workshops)

  1. Fee information is also available at:   PROGRAM-FEE-PAGE   Special Discounts May be Available Please email scholarships@eurotraining.com.
  2. To register please send us an official letter confirming registration (on organizational letterhead), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • 2 week (60 hrs) Training Workshop:
      Classroom Training at Dubai, Kuwait, New Delhi, Qatar £6,990 (USD $8,900) per participant.
      Classroom Training at London, US Locations, Europe, Malaysia, Singapore £7,689 (USD $9,790) per participant.
      Online eTraining Fee £3,500 (USD $4,375) per participant.
    Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
  4. Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
  5. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
  7. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  8. Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  9. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  10. Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Euro Training, will reserve a seat for you for 14 days. After our Confirmation you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.

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