LNG GTCs 2018 - General Terms and Conditions for Sales and Purchases of LNG 2018
Year
2018
Summary
General Terms and Conditions for the Sale and Purchase of LNG
These general terms and conditions for the sale and purchase of LNG ("LNG GTCs 2018") constitute standard terms and conditions to be incorporated by reference in a confirmation notice to form a sale transaction of one or more LNG cargoes for FOB or DES delivery.
Exhibit 1 and 2 include a long form and a short form confirmation notice template suggested for use by the buyer and the seller. The LNG GTCs 2018 contain default provisions in relation to several matters identified in the confirmation notice templates. In case of discrepancy with the LNG GTCs 2018, the confirmation notice will supersede them to the extent matters are specifically addressed therein.
Available documents:
- LNG GTCs 2018
- Exhibit 1 -Confirmation Notice - Long Form - 2018
- Exhibit 2 -Confirmation Notice - Short Form - 2018
(c) Copyright 2018 Ruchdi Maalouf. Documents reproduced on OGEL with kind permission.
Source: De Gaulle Fleurance & Associés @ www.degaullefleurance.com/en/sectors/energy/lng-gtcs-2018/