Guide to LNG Chartering
This Guide provides an overview of the commercial and legal aspects of the carriage of liquefied natural gas (LNG) by sea. Vessel inspections and LNG STS operations are covered in the context of relevant contractual clauses. The book assumes an understanding of oil tanker principles and charterparty terms, but lays out the intricacies of gas chartering. This Guide provides practical assistance to commercial teams in the growing LNG shipping markets, at a time when the LNG industry is moving substantially away from its traditional structures and contract matrices. The book deals only with international seaborne carriage of LNG on large vessels. It does not cover small scale LNG or coastal/cabotage movement, nor does it cover floating storage and regasification unit (FSRU) or floating LNG production (FLNG) contracts. It is appended with charterparty clauses from ShellLNGTime 1, ShellLNGTime 2 and LNGVOY.