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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.
This VILT course has been developed to meet the needs of the hour by the Gas Tankers and Terminals Operators’ fraternity, encompassing the following underlying objectives:
- Enhance the interpretation and applicability of clauses in a Charterparty in context of the available commercial proposition, market forces and economics of demand and supply
- Evaluate types of Charterparty Forms for Voyage and Time Charter and comprehend the key features of each Form in context of use for LNG
- Interpret terms and conditions of a Charterparty in context of international maritime conventions, competition and 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
- Recognise the avenues of collaboration, contentions, conflicts and manage disputes to avoid losses
- Manage operations towards ensuring delivery of performance obligations under the Charterparty
- Create a Charterparty Management System (CMS) in the company to ensure profitability for each voyage and term
This Virtual Instructor Led Training (VILT) is a “must attend” course for LNG Gas Traders, Tanker Owners, Charterers, and key management personnel including General Managers, Commercial Managers, Business Development Managers, Legal Counsel, Post-Fixtures Managers, Fleet Managers, Marine & Technical Superintendents, Senior Engineers or Middle Level Managers as part of succession planning.
Your course leader is a practising Chartered Arbitrator and Principal Management Consultant. He specialises in the fields of corporate management consultancy, international contracts reviews and Alternative Dispute Resolutions. Over a 43-year period, he has worked and consulted in the industry verticals encompassing, Oil & Gas majors, EPCIC Contractors, Construction Projects, Shipping, Logistics & Warehousing, and international shipyards. He has also worked as a consultant to the Infrastructure Development Projects, Oil & Gas Pipe Laying Contracts, Ports, Offshore Supply Bases, Shipyards and Owners of Oil & Gas Tankers, Dry Bulkers, Drill Ships, OSVs and FPSO’s.
His consulting expertise traverses through Business Process Re-engineering, Diversifications, Corporate Development, Project Management, Feasibility Studies, Dispute Resolutions and Market Research. He has been engaged for strategic planning, including assignments like due
diligence, resolving various operational issues, consortium contracts reviews, cost controls, project management matters and enhancement of procurement and supply chain management systems. He has successfully assisted offshore E & P clients in managing disputes arising from various international EPCIC projects, contracts for rig building, ships upgrading & conversion projects. He continues to be actively engaged in claims reviews, adjudication, mediation, arbitration, litigation and expert witness related assignments, arising from international construction contracts and Charterparty Agreements.
He has held positions of General Manager and Consultant with major Shipyards and Managing Director, General Manager and Senior Manager, with the companies from construction industry, heavy engineering fabrications, and marine & offshore services sectors. He was responsible for
the projects related to the works on Offshore Vessels refurbishment, FPSO Conversions, Gas Tanker Repairs, Process Modules engineering, Lateral Gas and Oil Pipelines’ and other (EPCIC) construction related works. He has developed special methodologies for managing CMGD (Complex, Multiple, Geographically Dispersed) projects.
He graduated with a Bachelor’s Degree in Electrical Engineering, MBA in General Management, Master of Technology in Knowledge Engineering and Master of Science in Maritime Studies. He holds professional qualifications in arbitration law, contract law and marine engineering, including the Chief Engineer’s First Class Certificate of Competency. He is currently engaged in the field of intellectual property, trademarks, copyrights and patents protection related studies and investments treaty related matters.
He is ‘Fellow’, Asian Institute of ADR (‘FAIADR’); Member, Maritime Law Association of Singapore, Fellow, Hong Kong Institute of Directors (FHKIoD) and Member, Singapore Institute of Directors (M.S.I.D.) He is also a Member of Association of International Petroleum Negotiators (AIPN), USA and several other international organizations.
He regularly undertakes appointments as Arbitrator for resolving international disputes. He is admitted to the panel of arbitrators with ACICA & AMTAC, Sydney, Australia; AIAC, Malaysia; DIAC, Dubai, (UAE); KCAB, Korea; SCCA, Saudi Arabia; SCMA, Singapore; HKIAC, Hong Kong; VIAC, Vienna, Austria; ICA, Delhi, India; WIPO Arbitration & Mediation Centre; and Past Member, ICCA, PCA Hague, Netherlands, LCIA, London. He is also an empaneled Adjudicator and Mediator with AIAC, Malaysia and Accredited Mediator of CMC, Ministry of Law, Singapore.
Learn what past participants have said about PetroEdge training courses
The course leader is a good consultant and very professional and knowledgeable, he raised my interest in knowing more about maritime laws.
Senior Buyer, Bibby Offshore
Superb presentation by the trainer. Definitely a Guru!
Head of Marine Audit, Icon Offshore
Knowledgeable and experienced trainer. A very practical approach to understanding OSV chartering & CP Management.
Asst Loading Master, Shell Phillipines Exploration BV
Great and knowledgeable course with an experienced trainer.
Assistant Project Financial Analyst, Oceancare Corporation Sdn Bhd
This training course exceeded my expectations. The course leader is very effective and answers our questions in a simple and easy-to-understand manner. One word ‘Superb’.
Marine Captain, Sarawak Shell
The course leader is an obvious world-class expert in Maritime Law Y & C/P Management. He has prepared an excellent course of sessions and genuinely tried to pass his experience to attendants. Anyone in OSV Chartering Business will benefit greatly from attending this course.
Assistant Contracts Manager, Maridive & Oil Services
The course has been made successful specifically because of the experience, knowledge, and patience of the trainer.
Group Legal Counsel, Amsbach Marine Singapore
A knowledgeable and experienced trainer, conducted in an informed manner, makes it an enjoyable and very informative course.