Negotiating LNG Master Sale & Purchase AgreementGER/MSPA

Who should attend?

  • This training provides participants with a comprehensive overview of LNG Master Sale & Purchase Agreements and aims to develop or deepen the participants’ understanding and negotiating skills.
Audience :
  • This training will suit new entrants and experienced operators. New entrants will receive sufficient knowledge to negotiate MSPAs in-house and use existing MSPAs to conduct their trading activities. Experienced commercial managers will consolidate their legal knowledge and in-house lawyers will consolidate their commercial understanding of the relevant instruments.

Level : Proficiency

Course Content

  • GENERAL PRINCIPLES OF MSPAs

      • Overview of spot and short term sales.
      • Contract structure and enforceability.
      • Industry templates.
  • THE CONFIRMATION NOTICE

      • Overview.
      • Quantity and duration.
      • Conditions precedent.
      • Source.
      • Price.
      • Other terms of a confirmation notice.
  • COMMERCIAL TERMS

      • Quantities and failure to take or deliver.
      • Quality.
      • Invoice and payment.
      • Credit support.
      • Force majeure.
      • Title transfer.
      • Facilities.
      • Transportation.
      • Measurement and testing.
  • BOILER PLATES

      • Important definitions.
      • Survival.
      • Exclusion of liability.
      • Termination.
      • Confidentiality.
      • Other boilerplates.
  • DRAFTING & NEGOTIATION WORKSHOP

      • Marking up a document.
      • Reviewing a confirmation notice.
      • Negotiating selected MSPA clauses.

Learning Objectives

  • Upon completion of the course, participants will be able to:
  • understand the contracting method of MSPAs,
  • manage and negotiate LNG MSPAs,
  • discuss commercial terms both in the context of an MSPA and a confirmation notice.

Ways & Means

  • Examples based on real precedents of MSPAs and concluded confirmation notices (anonymized).
  • Exercises on LNG MSPAs contracts.
  • Drafting and negotiating exercises.