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Aipn Lng Master Sales Agreement

On September 13, 2018, I will speak at the AIPN (Association of International Petroleum Negotiators) contract workshop in Vail, Colorado. Scott Arrington, of Locke Lord, is here in Houston. The meeting is unique because questions are asked about what exactly the organization will do with its gas sales contracts. The AIPN GSA (Gas Sales Agreement) is a very outdated document and could be taxed at the replacement position. The AIPN MSA (Master Sales Agreement: for the purchase of LNG) is a useful document from which practitioners draw, but more often in addition to tailored negotiations. Maybe it`s ready for an update. Currently, the organization does not have a long-term LNG sales option outside of the MSA. If these opinions are worthy of interest, you enter the discussion (www.aipn.org/forms/meeting/Microsite/MCWS2018). To continue to exceed your interest, here are some of the most important justifications, since I see him accepting change. A long-term LNG purchase contract was discussed, but was never developed. During the discussions on MSA LNG, I felt that it was too controversial at the time.

We are now a decade away from the completion of the MSA and we are almost two decades away from the debate on the development of a long-term LNG sales contract. While the debate will certainly follow a similar path, there are a few reasons why times have changed, and we should consider the development of a new document: since 1990, the Association of International Petroleum Negotiators (AIPN) has entered into standard contracts for use in a wide range of international energy industry agreements – joint operating agreements, farmout agreements, gas and gas sales contracts, and contracts for the sale of natural gas and the sale of natural gas, to name a few. The AIPN has also developed a series of useful guidelines for monitoring the agreement. In response to industry requests for standard form documentation for the cash and short-term treasury sector, the Association of International Petroleum Negotiators (AIPN) released its form template in October 2009, after extensive consultation. Allegedly designed to create a more efficient secondary market for LNG, the agreement aims to do so: in cases where it is used, it is likely that the new agreement will reduce the management time and legal costs of new contracts, and anyone who negotiates spot sales of LNG should have effective knowledge of its provisions. “facilitate the trade and arbitration of LNG charges… [It] helps the industry achieve this goal by establishing a single short-market and cash sales contract, thereby reducing transaction time, costs and uncertainty… [It] compensates the interests of sellers and buyers, is geographically neutral and contains all the provisions that most parties need. The agreement is in fact a framework agreement that allows the various trades to be executed quickly, for example.

B subject to agreed prices and due diligence for the proposed vessel and planned ports.


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