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- W603171786 abstract "Experience in the LNG trade has reinforced rather than diminished the early recognition that the interdependence of seller, buyer and transporter is greater in LNG commerce than in any other international trade. Consequently, it seems likely that their roles, while remaining functionally separate, must come to be viewed as more contractually interdependent. This paper examines those matters customarily contained in an LNG sales contract which reflect the unique transportation requirements of the project, and those matters customarily contained in an LNG transportation contract which reflect the unique LNG sale. Five general areas of common interest to buyers, sellers and transporters of LNG are identified: 1. Physical facilities, namely, the terminal and port, and the vessel; 2. Vessel services, supplies and charges in the port; 3. Cargo custody transfer in the port; 4. Voyage operations and safety regulations; and 5. Excuse and enforcement of contract performance. Implicit in this analysis is a bias in favor of achieving some degree of uniformity in the treatment of common areas of both contracts. The goal is to reduce risks arising from unintended omission or variation in contract clauses of common interest to all project participants." @default.
- W603171786 created "2016-06-24" @default.
- W603171786 creator A5046796418 @default.
- W603171786 date "1980-01-01" @default.
- W603171786 modified "2023-09-27" @default.
- W603171786 title "WHERE THE SALES CONTRACT AND THE TRANSPORTATION CONTRACT MEET: VITAL CLAUSES AFFECTING LNG PROJECT PARTICIPANTS" @default.
- W603171786 hasPublicationYear "1980" @default.
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