£1,150.00

International Trading Contracts: Crude Oil, Products & LNG

30 - 31 March

Zoom delivery

Expand outline
Overview
Agenda
Participants
Instructors
Price
Certificate

Introduction

International Trading Contracts: Crude Oil, Products & Gas is a 2-day course composed of two 4-hour modules. The course provides a comprehensive guide to the key features of contracts for the international sale and purchase of crude oil, refined products, and natural gas.

This course is highly practical, exploring how these critical agreements operate, covering both the EU system and worldwide frameworks. Day 1 focuses on Crude Oil and Products contracts, while Day 2 provides a deep dive into Gas Sale Agreements (EFET, Non-EU, and LNG), examining their architecture, termination regimes, and credit support.

The course is designed for all professionals involved in the negotiating, drafting, managing, or financing of international energy contracts.

International Trading Contracts: Crude Oil, Products & Gas is a Virtual Course delivered through Zoom:

*Starts at: 9 AM London | 12 PM Dubai | 4 PM Singapore
*Ends at: 12 PM London | 4 PM Dubai | 8 PM Singapore

What will you Learn?

Crude oil contract fundamentals (FOB/C&F, shipping, and risk)
Key contractual nuances for trading refined products
European gas trading and the EFET master agreement
Global gas contracts: Non-EU agreements and LNG (MSPA)
Contract architecture and mechanics, from nomination to credit support

Agenda

Day 1: Crude Oil & Products Contracts

Session 1: Crude Oil Sale Agreements
– Product
– Description /Quality
– Quality
– Delivery / Shipping (FOB /C&F)
*Vessel nomination
*Laytime / Demurrage
*Freight
– Price
– Payment terms
– Inspection regimes
– Transfer of risk & property

Session 2: Crude Products Contracts
– Diesel
– Gasoil
– Petrochemicals
– Aviation fuel (Av Gas)

Day 2: Gas Sale Agreements

Session 1: EFET (European Federation of Energy Traders) EU Nat Gas MA
– Settlement: Balances (liquidity provider) / Shipper licence
– Contract architecture
– Delivery, Payment and Acceptance
– Transfer of rights (title)
– Compensatory remedies for non-delivery / off spec gas
– Termination regime + Termination Amount
– Close Out netting
– Counterparty Credit: Credit Support (Guarantee) / Performance Assurance / CSA
– Governing law – English / German law

Session 2: Non-EU gas
– Differences from EU
– Sale & Purchase
– Nominations of gas
– Quantity & Quality
– Transfer of ownership and risk

LNG (Liquified Natural Gas)
– The MSPA – “standard” terms
– Contractual architecture

Instructors

Paul

Paul is a solicitor qualified in England (1990) and Hong Kong (1993) and registered as a foreign lawyer in Singapore (2018).

Paul has specialised in energy & commodities for his entire career, encompassing physical trading and shipping, commodity finance, and commodity derivatives. He is the founder and managing partner of Mercatis Law, and was previously a solicitor at Reed Smith, a partner at HFW, and Global Head of Commodities Legal at BNP Paribas. He has also held senior in-house counsel positions at Enron Europe Limited and ABN Amro Bank.

He has significant experience in energy, especially Oil & Gas, and will share an overview of all aspects, from trading and shipping physical product, hedging OTC and through futures (including terminal markets/physical delivery), as well as the various financing structures and techniques seen in the energy markets.

He has extensive experience both in disputes (he has litigated or arbitrated in many major jurisdictions) and in transactions; and both in international law firms and in major commodities investment banks, giving him a special insight into other areas of risk related to legal risk (e.g. credit risk, market risk, regulatory risk).

Price

Course price

Full 2-Day Course (8 Hours Total): £1150
Individual Day Pass (4 Hours): £690 per day (Choose Day 1 or Day 2)

What’s included?

The course fee covers:
– Participation in the live virtual course (8 hours total over two 4-hour modules)
– All course materials in e-version
– An Internationally Recognised IBH Certificate of Completion: 8 CPD hours

Payment options

Payment options are available in two forms: bank transfer and card payment.

Course Venue

Zoom Delivery

Certificate

Demonstrate your new skills and gain a step up in your career with globally recognised CPD certifications.

Available Locations

Course Date

Clear

*Special group enrolment pricing
UK-based companies are subject to 20% UK VAT

Olga Akhramovich
Project Coordinator
phone
mail

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If you notify International Business House in writing or via email up to 30 days before the start date of the course, you will receive a full refund less an administration fee of 100£ of the course fee. In addition if you are unable to attend, the following cancellation charges will apply for written notice received: 14-29 days before the course: 50%. 1-14 days before: 100%. If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course at no extra charge. If you wish to transfer to a different course a 10% admin charge will be made if the transfer occurs between 10-29 days before the course. If you fail to attend the course on which you are booked and have not given prior notice to International Business House then the course fee will remain payable in full. This cancellation policy is necessary owing to the strict limitation on attendance numbers. IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised 30 days before the course

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