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LNG501-3
3 Week Advanced Training Workshop on

Understanding LNG GSPA Long Term Contracts & Conditions

Building Advanced 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/lng501-3.php

3 week Advanced Training Workshop

Kualalumpur
15 July - 2 Aug 2024
New Delhi
29 July - 16 Aug 2024
London
12-30 Aug 2024
New York
26 Aug-13 Sept 2024
Seattle
9-27 Sept 2024
Istanbul
23 Sept-11 Oct 2024
New Delhi
7-25 Oct 2024
Kualalumpur
21 Oct-8 Nov 2024
New Delhi
4-22 Nov 2024
London
18 Nov - 6 Dec 2024
New York
2-20 Dec 2024
Seattle, USA
16 Dec 2024 - 3 Jan 2025
London
30 Dec 2024- 17 Jan 2025
Dubai
6-24 Jan 2025
Kualalumpur
20 Jan - 7 Feb 2025
Dubai
3-21 Feb 2025
London
17 Feb - 7 Mar 2025
New York
2-27 March 2025
Seattle, USA
16 March - 3 April 2025
Istanbul
30 March-17 April 2025
New York
13 April - 1 May 2025
Dubai
27 April-15 May 2025
Kualalumpur
11-29 May 2025
London
25 May-12 June 2025

Useful Links


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What is Covered in this Program

  1. Liquified 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.
  2. The objectives of this program are to understand the complexities of LNG GSPA long term contracts and thereby gain skills & competencies for: (1) Contract Negotiations; (2) Not get Mislead during Negotiations; (3) Helping Draft the Contract Variable Special Conditions; (4) Helping Administer the Ongoing LNG Contracts; (5) Helping Amicably resolve Changes, Disagreements and Disputes.

Participant will understand about the various types of Contracts and Conditions used in LNG Industry, though the primary focus will be on Long Term Gas Supply & Purchase Agreement (GSPA).

  1. No Long Term contracts go without problems 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.
  2. The Contract Condition Clauses and Risks that will be discussed in this program include: (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

This Euro Training Global Limited training program will discuss for each of the above LNG Long Term Contract Provisions and Conditions details including: Understanding the Contract Condition, its interpretation, changes that can be considered and their implications, contract administration aspects, possible disputes, claims and resolving Claims strategies and options.

Who Should Attend


  1. This Advanced Workshop 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. Euro Training Global Limited recommends this Program be used for Periodic Training or Refresher Training of LNG Contracts Negotiators, Contract Administrators and LNG Contract Fulfillment Professionals.
  3. Program Content & Modules

  4. Whatsapp: USA +15512411304 or UK +447424964861
  5. Email: lng501@EuroTraining.com

3 week Advanced Training Workshop

Enhance your Understanding, Job Skills, Competencies & Process Knowledge

Euro Training has been providing
  1. Knowhow and Technology Transfer to the Participants.
  2. Building Job Oriented Understanding, Competencies & Process Knowledge.
  3. Domain Multi-discipline understanding that Improves Performance, Credibility and Respect
  4. Competencies that Enable Superior Performance, Promotion, Career Advancement and Respect among Peers
This 3 week Advanced Training Participant Takeaways
  1. A-Z Knowhow and Step-by-Step Process Knowledge
  2. A Customized Detailed Action Plan to apply the Program Knowledge to Work.
    The detailed Action Plan and Implementation Plans you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your job, team, business unit or organization.
    This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job/s.

Benefits for Organization Sponsoring Participants

(Made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, knowledge management, Data Analytics approach)

Participant Career & Life Benefits

  1. Job Satisfaction that will come when satisfying your customers
  2. Respect that will come when you are Recognized by your Peers
  3. Promotion that will come from your Better Job Performance, Making Improvements and Convincing Performance Review Handling
  4. Career Advancement that will come from your increased Employability through Convincing Competency Display in Resume and Interviews, Improvement Ideas, and Implemented Improvements

Registration Form

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Registration Information
3 Week Advanced Training Program

  1. To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form ?electronically fill-able is at- available at http://www.eurotraining.com/etl-reg-3w.doc You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
  2. For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is also available at: http://www.eurotraining.com/fees.php .
  3. Program Fee is
    • 3 week (90 hrs) Advanced Training Program:
      At Dubai, Kuwait, New Delhi, Qatar £10,840 (USD $13,800) per participant.
      At London, US Locations, Europe, Malaysia, Singapore £11,924 (USD $15,180) per participant.
      Online eTraining Fee £5,000 (USD $6,250) per participant.
    and includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location.
  7. All participants are required to fill in Participant Information form - on first day of the program. Each program Undergoes Customization to Better Meet Participant Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  8. 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.
  9. Provisional Registration : You can make a provisional registration request by sending us an email with an official provisionsl registration request this will ensure we will reserve a seat for you for 14 days. After this 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 Confirmation if registration is not confirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.