Understanding LNG GSPA Long Term Contracts & Conditions

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.
The objectives of this program are to understand the complexities of LNG GSPA long term contracts.

Participant will understand 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).
The participant will appreciate that 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. This program will discuss for each of the LNG Long Term Contract Provisions and Conditions including interpretation rules, changes that can be considered and their implications, contract administration aspects, possible disputes, claims and resolving Claims strategies and options.

This 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.

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.

1. Understanding LNG GSPA Long Term Contracts & Conditions
2. Business Environment for LNG Long Term SPAs Contracts
3. GSPA Stakeholders & their Expectations
4. Regulatory and Tax Aspects
5. Logic & Need for Long Term Contracts GSPAs
6. Understanding the GSPA Complexities in Terms of Risks and Liabilities for each Stakeholder
7. Negotiating GSPAs
8. Not get Mislead during Negotiations
9. Drafting the Contract Variable Special Conditions
10. Administering the Ongoing LNG Contracts
11. Amicably resolving Changes, Disagreements and Disputes.
12. 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
13. 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.
14. Win-Win GSPA Contract Administration
15. Collecting Evidence to Support your Positions during Negotiations, Resolving Disagreements, and Dispute Resolution.
16. Program Recommendations & Next Steps
17. Participant Customized Detailed Action Plan

Program General Methodology

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Euro Training is in the business of providing

1. Knowhow and Technology Transfer to the Participants.
2. Multi-discipline understanding, skills, competencies and step-by-step analytic understanding of the program topics and issues (this understanding would otherwise have come from years of very rich work experience).
3. Knowledge framework which will enable the participant to catch his own past/present/future job related experience and understand its relevance to the job decisions.
4. Training that empowers the participant to identify, support and implement improvements in his job, team, section, department or organization.

A 6 Day program participant will take away

1. A Multi Discipline Knowledge Framework that will help the participant make sense of, put in the proper context and learn from his previous, present and future experience on the work. He will also take away Program (Instructors) Recommendations and an Outline Action Plan. The Action Plan provides a Road Map for Implementing (in his work) what he has learnt during the program.
2. The Six day program add a 1 day workshop to the 1 week (5 day) program. This workshop helps the participant apply (hands on) what he has learnt during the first 5 days of the program. The workshops typical help convert the various program learnings into an Outline Action Plan.

(Benefits Made possible by Euro Training's unique, multidiscipline, customer focused easy to understand and apply training methodology that relies on Industry Good and Best Practices)

• This training is an effective way to quickly make the participant competent, effective and productive on his job. Each program is customized and made useful for...
• Training new employees to get them productive quickly on relevant jobs
• Existing Employees Transferred to a New Training Program Relevant Assignment or being prepared for such an assignment as part of his career development
• Team Building Training Just Prior to a Relevant New Project, New Initiative, New Technology, New System, New Improvement, New Emphasis or New Strategy being Planned or Implemented in the Organization (requires sending 2 or more team members together to the same program at the same location and dates)
• Create Competency and Skills in participant to incorporate in his job performance (as relevant and to the depth allowed by the program duration)...
• Technical and Process Knowhow
• Alignment to the Needs and Expectations of Stakeholders/ Customers (internal & external)
• Alignment to Organizational Strategic Objectives
• Good Management Practices meeting Recommendations and Requirements of the Relevant Industry Standards
• Best Practices that assist Making Dramatic Improvements, including as relevant, Productivity Improvements, Product and Service Differentiation, Big Performance Improvements and Generally Exceeding Stakeholder/ Customer Expectations
• Create a pool of trained (instructor) manpower that can cost-effectively disseminate the program knowhow to a large number of employees inside the organization. (We recommend attending the 2 to 4 week program version if this is the primary objective)
• Euro Training Instructors often act as mentors for your employees who have attended our training programs. Your organization or the individual participant can utilize this service to ensure effective post program reinforcement and application of skills and competencies acquired during the training - to develop his career and performance further. (This depends on the relationship you participant builds with the Instructors. Please inquire about our post program mentoring plans)

1. As a participant you gain a multi-discipline understanding of the issues, analysis competency and methods relevant to your program topics and modules. This means that you will be able to understand and perform your relevant job like a Professional and Not like a Just-Graduated-Professional/Teenager/Novice. In other words this means post program when you take decisions related to your work you will start considering your work's Implications on (as applicable): Technology Options, Risks, Needs and Expectations of the different stakeholders; Strategic Alignment, Work Productivity, Legal & Contractual Obligations, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities.... and more as relevant.
2. The action plan outline you prepare and take away after the program will help you take initiative and make a positive difference in your performance on the 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.
3. Implementing what you learn in the program will lead to providing you a feeling of Job Satisfaction, Self Esteem and reduce Monday Morning Blues.
4. The program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to make a leadership contribution in your work area, team or organization.

Team Nominations : Team Nominations (training teams): If the post program objective is to Assign the Participants to Roles that require (any of): Implement Changes requiring Establishing Teams, Work on New Projects, eEnable Existing Processes, Implementing a Relevant Data Analytic Project, Building a Knowledge System, Building a Quality Assured System, Adopting and/or Implementing ISO9001 or other Industry Standards, Setting-up KPI's or Service Level Agreements (SLA's), Setting up a Balanced Score Card System, Setting Up an Early Warning System... it is recommended that the organization nominate at least two participants together for this program. This will help the participants create a Critical Mass for the Change and support each other during such implementations.

Single Nominations will also be accepted for the program.

Single participant nominations can be made where the objective is to:-

1. Refresh and Upgrade skills, analytic abilities and competencies of existing employees, or, Develop relevant skills, analytic abilities and competencies in new employees assigned these responsibilities.
2. Training promising experienced employee to take on Mentoring/ Instructor roles in this knowledge area.
3. Train individuals for Leadership Role in Teams, Section, Business Unit, Department or Organization.

All Programs are in English. Arabic Language Support is also Available. French and Spanish Translation Service is available by prior arrangement.

Certificate of attendance is awarded to all Participants attending and on payment of program fees. Further, if you attend a 3 or 4 week training program (including cumulatively 3 weeks over a 3 year period) you can sit for a Certification Test. On successful passing the Test and on instructor favorable personal assessment you will be Certified as a Relevant Industry Professional. The decision of Euro Training Limited will be final in determining if you have Acquired the required competency to be Certified as such a Professional. Should you fail to get Certified the instructor may recommend further training or study before a redetermination may be made regarding your Certification. Professional Certifications are valid for 5 years.

• USD $5,500 per participant for the 6 day Program (Part Scholarships are available for deserving participants on Merit-cum-Means Basis). Training Fee at UAE and India locations is $4,500 per participant.
• Training and Workshop Materials are included in the Fees. These training materials can also be purchased separately for $2,000 each set for your Libraries or Internal Training Needs.

1. To register: Please send us an official letter confirming registration (on organizational letterhead). And send us a completed registration form –electronically fill-able is at- available at http://www.eurotraining.com/etl-reg.php 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 available at: http://www.eurotraining.com/fees.php .
3. Program Fee is
   • 1 week (5 day/30 hrs) Training Program:
     At Dubai, Kuwait, New Delhi, Qatar £4,315 (USD $5,500) per participant.
     At London, US Locations, Europe, Malaysia, Singapore £4,747 (USD $6,050) per participant.
     Online eTraining Fee £2,000 (USD $2,500) per participant.
   • 6 day (36 hrs) Training Program (includes 1 day workshop): At Dubai, Kuwait, New Delhi, Qatar £5,100 (USD $6,500) per participant.
     At London, US Locations, Europe, Malaysia, Singapore £5,610 (USD $7,150) per participant.
     Online eTraining Fee £2,500 (USD $3,125) per participant.
   • 2 week (60 hrs) Training Workshop (includes 1 week workshop):
     At Dubai, Kuwait, New Delhi, Qatar £6,990 (USD $8,900) per participant.
     At London, US Locations, Europe, Malaysia, Singapore £7,689 (USD $9,790) per participant.
     Online eTraining Fee £3,500 (USD $4,375) per participant.
   • 3 week (90 hrs) Advanced Training Program (includes 1 week training + 1 week workshop + 1 week advanced training) (if available):
     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.
   • 4 week (120 hrs) Professional Certification Training Workshop (includes 1 week training + 1 week workshop + 1 week advanced training + 1 week domain professional skills)(if available):
     At Dubai, Kuwait, New Delhi, Qatar £13,990 (USD $17,800) per participant.
     At London, US Locations, Europe, Malaysia, Singapore £15,389 (USD $19,580) per participant.
     Online eTraining Fee £6,000 (USD $7,5000) 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 by sending us an email – an official registration request can be made within 2 weeks. This will ensure we will reserve a seat. If The official registration request is not received within 2 weeks or at least 2 weeks before program start this provisional registration is automatically cancelled – we do request you to infrom us asap you have decided either way. All provisional registrations automatically cancel 2 weeks before program start.
10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.