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Negotiating LNG Master Sale & Purchase Agreement

Negotiating LNG Master Sale & Purchase Agreement

2 days
GER/MSPA
Sessions
Dates Location Tuition Register
Oct 02 - 03, 2018 Rueil 2,460 €
Online By email
Who should attend?

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
  • 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.
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.
Course Content

GENERAL PRINCIPLES OF MSPAs

0.5 day

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

THE CONFIRMATION NOTICE

0.5 day

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

COMMERCIAL TERMS

1 day

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

BOILERPLATES

0.5 day

  • Important definitions.
  • Survival.
  • Exclusion of liability.
  • Termination.
  • Confidentiality.
  • Other boilerplates.

DRAFTING & NEGOTIATION WORKSHOP

0.5 day

  • Marking up a document.
  • Reviewing a confirmation notice.
  • Negotiating selected MSPA clauses.
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Ways & Means
  • Examples based on real precedents of MSPAs and concluded confirmation notices (anonymized).
  • Exercises on LNG MSPAs contracts.
  • Drafting and negotiating exercises.