The Contract of LNG Transport - the Legal Analysis (eBook)

Published Date

January 1975

The Contract of LNG Transport - the Legal Analysis (eBook)

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This paper discusses the LNG contract of transport and analyses its terms.(7pp)

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In its ten year history, the transport of LNG appears to be well-equipped to meet the challenges of the many problems. It is a remarkably short time for this type of transport to create a great wealth of material and documentation in the legal field. Negotiations concerning any LNG project usually take a long time and progress very slowly. The subjects for discussion are difficult and complex, such as the building of terminals, storage tanks and the ships and finding the means to finance the whole project. The negotiators on each side consist of a large team of experts. When an agreement is reached, various contracts will be drafted and signed:
1) the sale or purchase contract
2) the shipbuilding contract
3) the finance contract
4) the contract of transport
5) the insurance contract.

The contract of transport must be part of a package and its terms are influenced by the terms of the other contracts. This is natural because the LNG vessel will be attached to a specific project. However, there are independent shipowners who have ordered LNG vessels without being attached to any project. For a 'spot fixture' of these vessels, the negotiations of the contract of transport will follow the traditional pattern and its terms will not, in principle, be related to any other contract. This paper is concerned only with the LNG contract of transport and the analysis of its terms. It will include discussion of the characteristics of this contract and to distinguish it from the contract for the carriage of liquefied petroleum gas (LPG).

Paper Delivered by:
Dr. S. Mankabady (Department of Maritime Studies, Liverpool Polytechnic, UK)

Prepared for:
Gastech Paris 1975

For over 45 years, the Gastech Exhibition & Conference has been at the forefront of the international gas and LNG market. This world-renowned event is regarded as the most significant meeting place for gas and LNG professionals, where the global industry gathers to do business.

Gastech hosts major IOCs, NOC’s, global utility companies, EPC contractors, shipbuilders, pipeline companies, manufacturers, distributors, technology and service providers, all who play an active role in the global energy value chain.

Title: The Contract of LNG Transport - the Legal Analysis (eBook)
Product Code: 4433g039
Published Date: January 1975

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