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.

Ai Knowledge Systems USA LLC 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

Previous Next

Euro Training is in the business of providing

1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
2. Multi-discipline understanding of Program Topics.
   Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
   This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
3. Knowledge Framework which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
4. Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.

This 2 Week Training Workshop participant will typically take away...

1. Program related detailed knowhow, skills, competencies and process knowledge, and hands on practice on applying some of the key skills.
   This 2 week programs add depth to the program topics covered in the first week, by including additional discussions on (as applicable) Risks, Prioritization, Quality Assurance, Strategic Considerations, Process and Control Automations, Early Warning Systems, Performance Evaluation, Key Performance Indicators, Improvements, Benchmarking, Innovation, Disruptive Innovation, Risk Management, and Work Standardization.
   This program adds more case studies and hands on workshops to help apply what the participant has learnt during the program.
2. Domain Knowledge, process knowledge, and hands on practice of decisions on actually job situations.
   The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
   At the end of the program, the Participant will prepare a Customized Detailed Action Plan which will serve as the roadmap to implement some key improvements in his work area.

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

• Euro Training programs are different. They develop practical Job Skills.
  This program is designed to make the participant aware of the domain processes, multi-discipline skills and competencies related to his job responsibilities.
  Each program is customized and made useful for the particular participant group, our target is 90%+ topics directly applicable to the work today or in future.
  Benefits you may see in participant post program...
• High level Job skills & competencies
• Taking Initiative to Propose Improvements and help implement them
• Build a Knowledge System for his Work Responsibility Area
• Further, this program will Build Multi-Discipline Understanding, Skills and Competencies including (as relevant)...
• Increased Technical and Process Knowhow
• Awareness to the Need to align performance to the Needs and Expectations of Stakeholders/ Customers (internal & external)
• Awareness of the Need to Align performance to Organizational Operational and Strategic Objectives.
• Understanding Domain Good Management Practices, and, Awareness to meet Requirements and Recommendations of the Relevant Industry and Professional Standards.
• Awareness to consider for possible application the Best Benchmarked Domain Practices that can assist making Dramatic Process Improvements, including (as relevant) Productivity Improvements, Product and Service Differentiation and Exceeding Stakeholder & Customer Expectations.
• This training can be used to build a pool of trained manpower for your organization. After this training, you can consider purchasing special instructor training materials to build Internal Training Capacity and leverage your participants as Instructors. When you buy the instructor training materials you get access to Online eResources for your participants for 1 year.
• Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when applying the ideas, skills and competencies acquired during the training.

1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
   The detailed action plan you prepare and take away after the program will help you take improvement initiatives 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.
   This program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to understand how to make a leadership contribution in your work area, team, or organization.
4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Analyze Value Engineering Opportunities, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, Consider Data Analytic Opportunities, Be mindful of Artificial Intelligence Opportunities, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, Consider need to perform Internal Training or Mentoring, Consider need for Setting-up an Internal Employee Certification System .... (and more multi-discipline aspects).

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, Implementing a Data Analytic Management Decision Support System, Leverage Artificial Intelligence to empower Proactive Insights, Semi-Automation or Automation of decisions... 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 the 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 this program and on payment of Program Fee (Instructor Lead 2-week/60-hours Full Time Training). Further, if you attend a 4-week training program (including cumulatively over a 3-year period) you can sit for a Certification Test. On successful passing the Test and on instructor favorable 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.

• Classroom Training £6,990 (USD $8,900) per participant. Online eTraining Fee £5,500 (USD $6,875) per participant. Training and Workshop Materials are included in the Fees. These training materials can also be purchased separately for £2,000 ($2,500) each set for your Libraries or Internal Training Needs.

1. To register: Please send us an official letter confirming registration (on organizational letterhead or company email). And send us a completed registration form electronically fillable is available at https://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 only. Fee information is available at: https://www.eurotraining.com/fees.php .
3. Online Instructor Lead Program Fee is
   • 1 week (5 day/40 hrs) ONLINE GLOBAL Training Program: USD $2,500. (Six Day Online Program Fee USD $3,000)
   • 2 week (10 day/40 hrs) ONLINE GLOBAL Work Process by Process Training Program: USD $4,500. (3 Week Advanced Program Online Program Fee USD $6,250)
   • 4 weeks (20 day/160 hrs) ONLINE GLOBAL Work PROFESSIONAL CERTIFICATION Training Program: USD $8,500
   • Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
   • Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
   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.
4. 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.
5. 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.
6. 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.
7. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, your Mobile Number.