Liquefied natural gas ship charter party agreement and its interrelation with sale agreement

In contrast to other energy sources Iran’s huge gas resources, its accessory to maritime ways and increasing Europe’s and Asia’s need to this energy, due to its comfortable possibility to be transformed, makes LNG for Iran in priority. Exclusive ships for shipping LNG provide this opportunity for seller to enter into charter party contract with owner to take the advantage of this industry. However, setting charter party obligations and purchase agreement because of 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 this agreement and explain overlaps between charter party and purchase agreement.