Gas Sales and Gas Transportation Agreements: Principles and Practice

Author	Peter Roberts
Publisher	Sweet & Maxwell
Product	Gas Sales and Gas Transportation Agreements: Principles and Practice Book+CD	£295+VAT

October 2004

Features

This work provides detailed, hands-on guidance for all those involved in the drafting, negotiating or interpretation of natural gas trading and transportation contracts. Based on a clause-by-clause review of the typical provisions of these agreements, it identifies the legal and commercial issues involved at each stage and advises on how they should be handled in the contract.

• Highly practical text focused specifically on the creation of better contracts
• Includes a comprehensive suite of precedents, enhancing the practicality of the work
• All precedents also included on a free CD-ROM - enabling rapid on-screen drafting
• An international title - written from the perspective of English law but incorporating best practice from the global gas market

Contents

General Principles of Gas Sales and Gas Transportation Projects

• The Nature of Gas
• Gas Sales, Gas Transportation and Gas Project Structuring
• The Contracting Process

Gas Sales Agreements

• Principles of Gas Sales
• Parties to the GSA and Collateral Support
• The Delivery Point and Delivery
• Term and Effectiveness
• Gas Quantities, Rates and Reserves
• Nominations
• Shortfall Gas
• Undertake Gas and Overtake Gas
• Gas Pricing
• Take or Pay
• Make up Gas and Carry Forward Gas

Gas Transportation Agreements

• Principles of Gas Transportation
• Parties to the GTA and Collateral Support
• Term and Duration
• The Input Point, The Delivery Point and Delivery
• The Transporter's and the Shipper's Obligations
• Quantities and Capacities
• Tariff and Capacity Payments
• Ship or Pay
• Transporter and Shipper Failure
• Commingling, Allocation and Attribution

Common Components of Gas Sales and Gas Transportation Agreements

• Invoicing and Payment
• Gas Quality and Pressure
• Off-Specification Gas
• Measurement
• Facilities
• Maintenance
• Force Majeure
• Liabilities and Limitations
• Transfers, Third Party Performance and Control
• Termination
• Dispute Resolution
• Other Provisions

Appendices

• Appendix A Proforma Gas Sales Memorandum of Understanding
• Appendix B Proforma Gas Sales Agreement
• Appendix C Proforma Gas Transportation Memorandum of Understanding
• Appendix D Proforma Gas Transportation Agreement

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