Marine and Offshore > Developing Chartering Strategies and Charterparty Agreements for LNG Tankers and Bunker Vessels
Code Date Format Currency Team of 10
Per Person*
Team of 7
Per Person*
Early Bird Fee
Per Person
Normal Fee
Per Person
PD759 24 - 26 Apr 2024 Kuala Lumpur, Malaysia SGD 3,181 3,329 3,499 3,699
PD759 24 - 26 Apr 2024 Kuala Lumpur, Malaysia USD 2,493 2,609 2,699 2,899

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Request for in-person classroom training or online (VILT) training format

Learn in teams and save more! Enjoy group discounts of up to 50% off normal fees for team based learning. Contact us on [email protected] to learn more today!

Code

PD759

Date

24 - 26 Apr 2024

Format

Kuala Lumpur, Malaysia

Currency

SGD

Team of 10
Per Person*

3,181

Team of 7
Per Person*

3,329

Early Bird Fee
Per Person

3,499

Normal Fee
Per Person

3,699

Code

PD759

Date

24 - 26 Apr 2024

Format

Kuala Lumpur, Malaysia

Currency

USD

Team of 10
Per Person*

2,493

Team of 7
Per Person*

2,609

Early Bird Fee
Per Person

2,699

Normal Fee
Per Person

2,899

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Request for in-person classroom training or online (VILT) training format

About this Training Course

There are nearly 700 LNG Tankers in service, 216 more on orderbooks and 30 LNG Bunker Vessels in operation and 16 more on order, which sets an unprecedented record for growth of LNG Transportation Sector in the Year2022. Spot Charters, Emergency Charters, and alternatives to crude oil from sanctioned countries were some of the drivers for surge in demand in 2022. However, the interim factors may appear to be of some significance, but the key drivers are global movement towards clean energy and reduction of GHG Emissions. The surge in Floating LNG Terminals (FSRUs and FSUs) by conversion and newbuilding projects has created more destinations for LNG Tankers in the last five years.

The traditional business models of LNG SPAs linked CPAs are vanishing to be replaced with short-term Charters and Spot Charters. This change is also due to increase in number of intermediaries between producers and consumers. The consumers are no longer limited to power plants or industrial units, but ships are increasing steadily in the number and types of consumers for LNG bunkers. Thus, transportation of LNG by ships is no longer linked to Gas Sales Agreement from producers to buyer over a horizon of 20 to 25 years. The trend has changed and is evolving over the last 10 years. The futuristic trend would be on use of LNG as a fuel for ships to replace low Sulphur bunkers. This requires bunkering hubs for LNG and increasing need for transportation from producing countries to bunkering hubs.

Therefore, it is becoming essential to develop new strategies not only for employment of LNG Tankers, but also for sales and purchase of LNG as a commodity. This necessitates rethinking and redrafting LNG specific Charter Party Agreements to be dynamic with evolving contexts.

This 3 full-day course and workshop are exclusively developed for the management and professionals, engaged in niche segments of LNG Trading and LNG Tankers (Ship Owners, Charterers, LNG Traders, Terminal, and Ship Operators) for LNG cargoes. Whether Gas sales rates are high or low, LNG tankers must recover daily running costs of a vessel. To manage risks of contemporary trends, the terms of engagement or the Charterparty must be reviewed strategically. One must ensure that all risks are well apportioned and appropriately mitigated. The increasing use and number of Floating LNG Storage Vessels brings with it new opportunities and poses new and unforeseen risks.

This course can also be offered through Virtual Instructor Led Training (VILT) format.

This course is developed to meet the need of the hour by the LNG Gas Tankers, Charterers and Terminals operators, encompassing the following underlying objectives:

  • Develop strategies to manage challenges of constantly changing market conditions in context of evolving geopolitical tensions and pandemics.
  • Develop a Charterparty Agreement in context of the available commercial proposition, market forces and economics of demand and supply.
  • Evaluate types of contemporary Charterparty Forms for Voyage and Time Charter and comprehend the key features of each Form in context market forces and use for LNG.
  • Interpret and adapt terms and conditions of a legacy Charterparty in context of international maritime conventions, competition and evolving economic factors.
  • Evaluate current and future trends in Gas transportation and the influence of regulatory regimes and strategies of Oil & Gas Majors, Spot Traders, and Storage Terminals.
  • Explore strategies for entry and managing LNG Bunkering Operations.
  • Strategize operations towards both time and spot charters for ensuring delivery of corporate financial performance obligations.
  • Create a Charterparty Management System (CMS) in the company to ensure profitability for each vessel, voyage, and period.

This is a “must attend” course for LNG Gas Traders, Tanker Owners, Charterers, and respective key management personnel like General Manager, Commercial Manager, Business Development Manager, Legal Counsel, Post-Fixtures Manager, Fleet Manager, Marine & Technical Superintendent, or Middle Level Manager as part of succession planning.

  • Intermediate

Unique features of this enhanced course curriculum:

  • Exclusive opportunity for Consultative Session with industry expert during Strategy Development Workshop
  • Generate Options for Optimum ROI across the fleet
  • Explore Strategies for Balancing Risks and Opportunities
  • Get Involved in a Brainstorming Session with Peers
  • Get acquainted with Contemporary LNG Tankers Specific Charterparty Forms
  • Explore Potential for Chartering LNG Bunker Vessels
  • An Opportunity to be involved in Comprehensive Risks Identification, Evaluation and Mitigation Strategies Workshop

Principal Management Consultant

Chartered Valuer and Appraiser (CVA)

FACICA | FAMTAC | FAIADR | M.S.I.D | Member, AIEN

LL.M. (IP Law), M. Sc. (Maritime Studies),

M. Tech (Knowledge Engineering), MBA,

First Class CoC (MCA, UK), B. E. (Elect)

Your expert course leader, during the last 47 year period, has worked and consulted in the industry verticals encompassing: Technology, Oil & Gas Exploration & Production, Petrochemical Process Plants and Power Plant Construction Projects, Logistics & Warehousing, Marine, Offshore, Oil & Gas Pipelines, Infrastructure Development Projects (Ports, Offshore Supply Bases, Oil & Gas Terminals and Airports etc), EPCIC Contracts, and Shipyards, in South East Asia, Africa, Middle East, Americas and Europe.

He serves as the Principal Management Consultant with a management consultancy in Hong Kong and Singapore, specialising in the fields of corporate management consultancy, international contracts reviews and alternative dispute resolutions services. He undertakes special assignments for conducting audits and valuation of intangible properties involving proprietary processes for licensed production, and licensing of intellectual property rights (IP Rights) in patents, trademarks, and industrial designs. He is frequently engaged for assignments like due diligence, acquisitions, mergers, resolving various operational issues, technology transfer and agency services contracts reviews, cost controls, and enhancement of Supply Chain Management. He has been conferred the credentials of Chartered Valuer & Appraiser (CVA) by SAC and IVAS, in accordance with the international valuation standards setting body IVSC.

His consulting experience includes Charterparty Management, Business Process Re-engineering, Diversifications, Corporate Development, Marketing, Complex Project Management, Feasibility Studies, Dispute Resolutions and Market Research.

He has successfully assisted Marine and offshore E & P clients in managing contractual disputes arising from various international contracts for upgrading & conversion projects. He continues to be actively engaged in claims reviews, mediation, arbitration, litigation, and expert witness related assignments, arising from international contracts and Charterparty Agreements.

He graduated with a Bachelor’s degree in Electrical Engineering, MBA in General Management, Master of Technology in Knowledge Engineering, Master of Science in Maritime Studies, and LL.M. (IP Law). He also holds professional qualifications in Business Valuations and Appraisers for CVA, arbitration, law, and marine engineering, including the Chief Engineer’s First-Class Certificate of Competency (MCA, UK).

He is further qualified and accredited as Certified International Arbitrator, Chartered Arbitrator, Sports arbitrator under CAS Rules, WIPO Neutral, Australian Communications and Media Authority (ACMA) Bargaining Code Arbitrator, Accredited Adjudicator and Accredited Mediator (Malaysia). He is admitted to the international panels of arbitrators and neutrals with WIPO, Geneva; ACICA, AMTAC and ACMA, Australia; BVIAC (British Virgin Islands); JIAC (Jamaica); HKIAC Hong Kong; AIAC, Malaysia; AIADR, Malaysia; KCAB, Seoul, South Korea; ICA, Delhi, India; ICC (Singapore); SISV, Singapore; SCMA, Singapore; SCCA, Saudi Arabia; VIAC Vienna, Austria; Thailand Arbitration Centre (THAC), and Mediator with AIAC Malaysia, CMC, and SIMI Singapore.

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information post training support and fees applicable