LNG Shipping Economics & Freight Cost Calculations Training Course

Scheduled Dates

Classroom

18 - 22 May 2026

Dubai - UAE

$5,950

31 Aug - 04 Sep 2026

London - UK

$5,950

14 - 18 Dec 2026

Dubai - UAE

$5,950

24 - 28 May 2027

Dubai - UAE

$5,950

30 Aug - 03 Sep 2027

London - UK

$5,950

13 - 17 Dec 2027

Dubai - UAE

$5,950

Online

18 - 22 May 2026

Online

$4,950

24 - 28 May 2027

Online

$4,950

Why Choose this Training Course?

Gas Cargoes specially LNG are considered the cleanest fossil fuel therefore it is a very promising commodity for future worldwide trade. The LNG agreements are very vital to secure all legal and commercial aspects, these shall cover all elements that ensures a swift deals by including the commercial, technical, regulatory and transportation industrial practices.

In order to optimise the overall trading margin in the value chain, the LNG Shipping industry is relied upon as a key element to manage the Supply and Demand sustainably and profitably.

This training course will empower the attendees with the most modern practices in handling of LNG short / long term contracts through gaining the knowledge of the pricing and agreement negotiation techniques by understanding the principles of technical and market fundamentals and discussing the LNG and Shipping future trends and challenges.

The PetroKnowledge LNG Shipping Economics & Freight Cost Calculations training course will highlight:

Overview of LNG Business
LNG Trading Legal System and Contractual Laws
LNG as A Commercial, Domestic Fuel Source for Industry
LNG Flow Measurement, Custody Transfer & FSRU Operation
Methodology to Estimate Medium-Term LNG Freight Rates

What are the Goals?

This training course on LNG Terminals Operations covers the Advanced Technical of operations, practical and commercial considerations.

By the end of this LNG Shipping Economics & Freight Cost Calculations training course, participants will be familiar on the following:

Determine the LNG Shipping Industry Value Chain.
Understand LNG Terminal Types, Facility and infrastructure
Identify LNG Applicable Rules, Regulations, Codes and Standards
Recognise Key Components of the LNG Chain
Revise LNG Contracts: Fundamental’s elements
Demonstrate Elements in a Purchase and Sale Agreement
Practice Negotiation to resolve oil and gas disputes
Discuss International LNG Shipping Documentations
Differentiate LNG Supply and Demand Balance
Identify Global LNG Shipping Considerations
Value LNG and Domestic Gas Value Chains
Express Spot and Short-Term Markets
Understand Custody Transfer Requirements
Propose FSRU- The vital component in LNG
Measure FSRU CAPEX, OPEX and Chartering
Differentiate Between the demand for LNG transport & the supply of LNG transport
Demonstrate Geographic Distribute LNG molecule supply and demand
Assess Average freight rates by propulsion technologies
Discuss Example for the Calculation of the shipping price (Freight Rates)
Recognise LNG as a fuel and ship design configurations
State LNG trading route development Asia Pacific regions

Who is this Training Course for?

LNG Commercial Managers
LNG Vessel negotiators
LNG Project Managers or Engineers
LNG Commercial Managers
Maritime Legal Counsels or Advisors
Vessel Operation Managers
LNG Business Risk Managers
LNG Business Development Managers
LNG Contract Managers
LNG Sourcing / Purchasing Managers
Corporate Strategy Managers
Energy Regulators & Investor Relations
LNG FSU Owners, Managers, Operators
LNG suppliers, traders and distributors
Offshore Vessel and FPSO Owners and Operators

How will this Training Course be Presented?

A highly interactive combination of lectures and discussion sessions as well as case studies will be managed to maximise the amount and quality of information, knowledge, and experience transfer. This training course will be intensive but practical and highly interactive. There will also be some indoor experiential activities to enhance learning. Course material through PowerPoint equipped with necessary animation, learning videos, and general discussions will be provided.

Organisational Impact

The organisation will benefit:

LNG Technical, Operational, Shipping, Commercial, Project and Governance
The LNG Value Chain benefit in developing a wider and deeper LNG Shipping Business
Managing & optimising the overall LNG trading margins
Gaining the required background to be able to set sharper targets, suitable performance indicators, and governance and performance assessment guidelines

Personal Impact

By attending this LNG Shipping Economics & Freight Cost Calculations training course, delegates will:

Gain the professional knowledge in managing LNG Trading Legal System and Contractual Laws
Recognise of required standards and benchmarks and ensuring that one’s organisation adheres to these standards
Enhance foresight and perspective to predict risks and set systems
Ensure progress in your career
Gain skills and increasing capabilities to undertake opportunities for higher roles and responsibilities

Daily Agenda

Day 1: Overview of LNG Business

What is LNG?
LNG Terminal Types, Facility and infrastructure
- Liquefaction Terminals (Export)
- Regasification Terminals (Import)
Broad Terminal Operations
Introduction to LNG Business Best Practices
LNG Applicable Rules, Regulations, Codes and Standards
- Introduction to SIGTTO Guidelines
- International Code for The Construction & Equipment of Ships Carrying Liquefied Gases in Bulk (IGC CODE)
- Introduction to ISO/TS 16901:2022 (risk assessment in the design of onshore LNG installations)
Key Components of the LNG Chain
- Gas field
- Liquefaction plant
- LNG carriers
- Receiving and regasification terminals
- Storage

Day 2: LNG Trading Legal System and Contractual Laws

LNG Contracts: Fundamental’s elements
Elements in a Purchase and Sale Agreement
Contract formation
Contract terms
Interpretation of contract terms
Challenges in LNG Contracts
Remedies for breach of contract
Negotiation to resolve oil and gas disputes
Operational Impact
International LNG Shipping Documentations
- Bill of Lading
- Hague Visby Rules
- Time Charters
- Contracts of Affreightment (COA)
- Contract of carriage
- Bearer bill
- Order Bill
- Bill of Exchange
- Commercial Invoice
- Letter of Credit
- Insurance Certificates

Day 3: LNG as A Commercial, Domestic Fuel Source for Industry

LNG Supply and Demand Balance
Global LNG Shipping Considerations
LNG and Domestic Gas Value Chains
Elements of a Gas Master Plan
Structuring an LNG Project
LNG Project Development Phases
LNG Reference Market Price
Oil Indexed Price Formula
Spot and Short-Term Markets
LNG and Gas Contracts
Preliminary Agreements
Domestic Gas Sales Agreement
LNG Sale and Purchase Agreement
Miscellaneous Agreements
Financing an LNG Export Project
Risk Management and LNG Business
Types of Risk in LNG

Day 4: LNG Flow Measurement, Custody Transfer & FSRU Operation

Custody Transfer Requirements
Applications of Flowmeters
Meter Factor
Proving Systems (Direct, Indirect, Master Meter, Volume, Displacement)
Custody Transfer Skids
Flow Computers and Communication
Temperature and Pressure Measurements
LNG Cargoes Specification
- LNG Quality Specifications
- Global LNG Specifications Guide
FSRU- The vital component in LNG
Port and Marine Infrastructure
Global FSRU Fleet
FSRU CAPEX, OPEX and Chartering
Main FSRU Technology options
FSRU Designs
FSRU Services
FSRU Projects

Day 5: Methodology to Estimate Medium-Term LNG Freight Rates

The Difference Between the demand for LNG transport & the supply of LNG transport
Geographic Distribute LNG molecule supply and demand
Average freight rates by propulsion technologies
Calculation of shipping demand
Calculation of shipping supply
Global fleet of LNG ships
Determination of the price equilibrium and freight rates
Example for the Calculation of the shipping price (Freight Rates)
LNG as a fuel and ship design configurations
LNG trading route development Asia Pacific regions
- Qatar EU Long Term Deal
- China-Qatar Gas Deal

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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LNG Shipping Economics & Freight Cost Calculations

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