About this Training Course
The LPG shipping industry has experienced consistent growth over the past decade in terms of fleet size, vessel numbers, and transported volumes, despite challenges posed by global pandemics and geopolitical tensions. This intensive two-day course provides an in-depth exploration of the latest developments in Voyage and Time Charterparties specific to LPG tankers. Participants will learn how to move away from the conventional use of the ASBATANKVOY form and instead leverage LPG-specific Charter Party Agreements. The course also addresses the risks of using legacy oil tanker charter party forms, which often contain ambiguous and outdated clauses.
Designed exclusively for professionals in the LPG tanker sector, including shipowners, charterers, terminal operators, and brokers, this course is continuously updated to reflect industry best practices and emerging trends. Regardless of whether freight rates are high or insufficient to cover a vessel’s daily operating costs, a meticulous review of Charterparty terms is essential. Proper risk allocation and mitigation are critical, particularly given the complexities of multi-party transactions, multiple parcel Bills of Lading, and the increasing number of intermediaries involved in LPG transportation.
“Each clause of a Charterparty should be carefully drafted with consideration for vessel capability, the number of contracting parties, the cargo type, and its intended purpose—while accounting for evolving factors such as sanctions, pandemics, and geopolitical uncertainties.”
Through this workshop, participants will gain valuable insights from real-world case studies and hands-on experience with modern CPA forms. This will equip them to navigate the evolving challenges of LPG export, import, and transportation with greater confidence and expertise.