Euro Training Limited Training Programs, Workshops and Professional Certifications

Domain Specific Job Skills and Competencies

Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
Audio version brochure
1 Week Training Program

LNG Long Term Contracts (GSPA) Administration Skills

Building Skills & Competencies in

  1. Understanding the Legal Interpretation
  2. Contract Administration & Documentation of Events
  3. Delivery, Loading & Measurement Aspects
  4. Provisions for Changes, Disagreements and Disputes

1 Week Training Programs

20-24 May 2024
New York
3-7 June 2024
Seattle, USA
17-21 June 2024
New Delhi
1-5 July 2024
15-19 July 2024
New Delhi
29 July - 2 Aug 2024
12-16 Aug 2024
New York
26-30 Aug 2024
9-13 Sept 2024
23-27 Sept 2024
New Delhi
7-11 Oct 2024
21-25 Oct 2024
New Delhi
4-8 Nov 2024
18-22 Nov 2024
New York
2-6 Dec 2024
Seattle, USA
16-20 Dec 2024
30 Dec 2024- 3 Jan 2025
6-10 Jan 2025
20-24 Jan 2025
3-7 Feb 2025
17-21 Feb 2025
New York
2-6 March 2025
Seattle, USA
16-20 March 2025
30 March-3 April 2025
New York
13-17 April 2025
27 April-1 May 2025
11-15 May 2025
25-29 May 2025

Useful Links

PDF Link  |  Center Full List  |  SEND EMAIL

What is covered in this Program?

  1. This Training builds Knowledge and Skills in LNG Long Term Contracts. Liquefied 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 and effectively administer the complexities of LNG GSPA long term contracts.
  2. Participant will understand the various types of Contracts and Conditions used in LNG Industry, though the primary focus will be on Long Term LNG Contracts.
    The participant will learn to effectively administer Long-Term contracts. 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. In this program the participants will learn how to improve contracts to avoid problems including differing contract interpretation rules, contract condition changes that can be considered and their risk cost implications, contract administration aspects, possible disputes, claims and resolving Claims strategies and options.

Who Should Attend?

  1. 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.
  2. This Program should be used for Periodic Training or Refresher Training of LNG Contracts Negotiators, Contract Administrators and LNG Contract Fulfillment Professionals.

Program Content & Modules

LNG Long Term Contracts (GSPA) Administration Skills

  1. Business Environment for LNG Long Term SPAs Contracts
  2. GSPA Stakeholders & their Expectations
  3. Regulatory and Tax Aspects
  4. Logic & Need for Long Term Contracts GSPAs
  5. Understanding the GSPA Complexities in Terms of Risks and Liabilities for each Stakeholder
  6. Negotiating GSPAs
  7. Not get Mislead during Negotiations
  8. Drafting the Contract Variable Special Conditions
  9. Administering the Ongoing LNG Contracts
  10. Amicably resolving Changes, Disagreements and Disputes
  11. 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
  12. 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.
  13. Win-Win LNG GSPA Contract Administration
  14. Program Recommendations
  15. Outline LNG Long Term Contracts (GSPA) Improvement Action Plan

1 Week Training Program

Outcomes & Takeaways

Outcomes and Takeaways Overview
  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 outline 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 1 Week Training Program participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
  2. Domain Knowledge and process knowledge.
    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 Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(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)

Participant Individual Career Benefits

  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 outline 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.
  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, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

Fields marked with * are mandatory

Optional Fields

Registration & Fee Information

  1. Fee information is also available at:   PROGRAM-FEE-PAGE   Special Discounts May be Available Please email
  2. To register please send us an official letter confirming registration (on organizational letterhead), or, send us a completed registration form above. .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Program Fee is

      (1) 1 Week (5 day/30 hrs) Training Program: At Dubai, Kuwait, New Delhi, Qatar £4,315 (USD $5,500) per participant.

      (2) At London, US Locations, Europe, Malaysia, Singapore £4,747 (USD $6,050) per participant.

      (3) Online eTraining Fee is £2,000 (USD $2,500) per participant.
    Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. 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 same program at another location or date.
  7. All participants are required to fill in Participant Information form and Program Related Questionnaire - on first day of the program.
  8. Each program Undergoes Customization to Better Meet Participant Present and Future Jon and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  9. 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.
  10. Provisional Registration : You can make a provisional registration request by sending us an email with an official email account. Provisionsl registration request will ensure we will reserve a seat for you for 14 days. After this you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.



Click to Forward this webpage to a Colleague by Email