LNG shipping: Some pertinent issues – 24 Apr 2023

LNG is a big business in India

But no one has really dwelled on issues of LNG logsitics

What happens when the vessel arrives? Who is responsible of there is lateness?

Also, are there obligations specific to LNG vessels, including scheduled arrival times, cargo tank readiness and owners' use of LNG cargo to achieve guaranteed speed.

What are the methods of calculating compensation payable by owners for under-performance?

Also, what do you do if the long term supplier defaults by taking advantaeg of arbitrage opportunities while lignoring the interest of the long term buyer?

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