About this Virtual Instructor Led Training (VILT)

The transportation of LNG by ships has been traditionally linked to Gas/LNG Sales Agreements from producers to buyers over a horizon of 20 to 25 years. The trend has changed and has evolved over the last 10 years. Despite falling oil prices, production of LNG has been on the rise. The demand for LNG has also been growing at a much faster pace in both the undeveloped and developed economies of Asia.  The futuristic trend would be on the use of LNG as a sustainable fuel for ships and as a replacement for low Sulphur bunkers. This requires putting in place bunkering hubs for LNG and an increasing need for transportation from producing countries to bunkering hubs. It is becoming essential to adopt LNG specific Charterparty Agreements to avoid the ambiguity of dormant clauses when using Charterparty Forms for tankers. This 5 half-day Virtual Instructor Led Training (VILT) course has been exclusively developed “by and for” the professionals, engaged in niche segments of Gas Tankers (Ship Owners, Charterers, LNG Traders, Terminal and Ship Operators) for LNG cargoes. Whether gas sales rates are high or low, LNG tankers have to recover the daily running costs of a vessel while strategically reviewing the terms of engagement or the Charterparty to manage risks of contemporary trends to ensure that all risks are well apportioned and appropriately mitigated. In addition, the increasing use and number of Floating LNG Storage Vessels in South Asian countries poses new and unknown risks for Gas Tankers.

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