Shipping forms an integral part of the LNG value chain impacting both the buyers and sellers. This course analyses the business both from a commercial and legal perspective. Participants gain a clear understanding of the responsibilities, rights and obligations related to the various charters. An analysis of the Terminal Use, Sale and Purchase and Master Sales Agreements will be made, assessing where the vessel fits within these contracts and the issues that may arise. An in-depth study will be undertaken on the commercial implications of laytime and demurrage. Finally, participants will be brought up to speed on the latest developments within the LNG shipping business including changing trade routes and expansion of the Panama Canal.