05.07.2009
An agreement regarding use of terminals, such as where a company for instance locks up an LNG’s terminal’s entire import capacity or shares capacity with third parties. Some of the basics of terminal use agreements for LNG include agreement regarding vessel berthing and unloading, LNG storage, regasification of LNG, transportation to redelivery point (with gas redelivery on a commingled stream basis). Some key TUA issues include: Scheduling of vessel berthing and gas offtake, especially if owner is also a terminal user, inventory management (including effects of using larger vessels), Commingled quality, remedies for owner’s failure to provide services, use it or lose it enforcement and secondary trading > > >

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