Liquefied Natural Gas Ship Charter Party Agreements and Their Interrelation with Sale Agreements

Document Type : ISI

Authors

1 Associate Professor and Tehran university member

2 M.A. student of International trade law

Abstract

In contrast to other energy sources Iran’s huge gas resources, its access to maritime routes and increasing Europe’s and Asia’s need for energy, and easy transformability, makes LNG a priority for Iran. Exclusive ships for shipping LNG provide this opportunity for sellers to enter into charter party contract with owner to take advantage of this industry. However, setting charter party obligations and purchase agreements, due to their interrelation, is really important. In this article, the authors in addition to describing exclusive aspects of this kind of ships, study legal components of these agreements and explain overlaps between charter party and purchase agreements.

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Main Subjects


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