Three members from GasLog’s FSRU Development Team joined the Masterclass in “Long Term Charters for FPSO, FLNG, FSRU & FSU” presented by Mr. John Tan on the 22ndand 23rd of July, 2017.  The course covered a variety of relevant topics for our team, and in particular, the following areas were of interest:

  • The viewpoint from the Charterer’s perspective on specific clauses in the charter agreement, in relation to the Provider’s viewpoint / stance.
  • The impact of technical elements of the vessel on the agreements of the charter party, and more specifically, ensuring that the technical integrity of the vessel meets the requirements from the downstream offtakers.
  • The importance of conducting key technical / site engineering scopes of work was evident in the final preparation of a robust charter agreement.
  • Highlighting the pitfalls of multi-stakeholder / bundled project execution was beneficial and how the interfaces are the most challenging aspects in these charter agreements.
  • The key drivers and points involved with a tender evaluation from the Charterer’s perspective to enhance the delivery of proposals by the Provider.
  • The final negotiation exercise involving the participants to play the role of either the Charterer / Provider provided an insight on how detailed and complex negotiations can be, and the impact of one decision on a clause to other clauses contained in the charter agreement.

The course was very well prepared and delivered by Mr. Tan, and his personal insights and experiences with these long term charters provided a valuable learning experience for the team.  The course material was planned well and the venue was top-class.

Thank you and we look forward to further interesting Masterclass sessions from your organization.

Haruo Kikkawa, FSRU Process Design Manager, GasLog Asia Pte. Ltd.

We have worked with Andy Beales and his team on several occasions previously and highly recommend their service. The team will go out of their way to understand the needs and objectives of their clients and come up with great ideas and concepts, providing sound business models.

We are more than happy with the projects that we have worked on with Andy and the team and have found them beneficial to our organisation.

Darius Lim, Head of Corporate Affairs, Pavilion Energy Pte Ltd

The course was great for engineers in a shipyard to understand the dynamics between the charterers & the the shipowners.

Ching YouYi, Manager Business Development (Research & Analysis), Keppel Singmarine Pte Ltd

Well thought out and carefully planned to cover gas & LNG insights. Attending the course organised by Energise Futures will strengthen your knowledge of the contracts

Myo Minn Minn , Pavilion Gas

The course was well organised and the presenter very knowledgeable and i thoroughly enjoyed the course

Samuel Lee, Commercial Manager, PSA Marine 

The training was very good and the trainer very clear to explain each module thoroughly. This is also very well organised.

Riko Jaya Sukma, Commercial Manager, Pertamina

Great trainer with lots of valuable insights into the intricacies of time charter agreements. Very valuable

Julien Boulland, Project Manager/ Sr Naval Architect / LNG Specialist, Bureau Veritas