An Introductory Guide to LNG Charters for Maritime Law Professionals

Introduction

LNG is a key transition fuel for the world as we collectively try to meet various emissions and greenhouse gases targets.

It has around 30% to 50% less CO₂ and limited sulphur compared to other fossil fuels.

Many countries are therefore starting to heavily rely on LNG as a primary energy source.

Transportation of LNG via sea (opposed to shore pipes) has seen increased importance following the outbreak of the Ukraine crisis and reluctance to rely on Russian energy.

There is accordingly an all-time high demand for LNG ships, with many traders entering what was historically a market dominated by oil majors and state energy companies.

Charterparties for LNG ships tend to be more complex than other sectors.

An understanding of these complexities, and some of their unique concepts, is important for anyone involved in the transportation of LNG via ship.

What You Will Learn

This webinar will cover the following:

• What is LNG?
• Primary trading markets
• The transportation process - liquefaction and regasification
• How charterparties inter play with sales contracts
• Key charterparty terminology - boil off (and how to manage it) and heel
• The different standard forms used (focusing on Shell LNG Time 1 and 2)
• New technology and how this impacts charter terms
• Examples of recent claims

This webinar was recorded on 6th December 2022