Supply of Liquefied Natural Gas according to the European Federation of Energy Traders. An analysis of the applied supply modality

This article addresses the relation between the title subject and the status of the so-called International Commercial Terms and their place in laws and regulations. Subsequently, an analysis is conducted of the title, risk and ownership transfer within LNG MA (Master Delivery Ex Ship (DES) LNG Sale and Purchase Agreement). Moreover, attention is paid to various obligations in view of the International Treaty of 1996 regarding liability and compensation for damage caused by sea shipping of dangerous and hazardous substances (HNS treaty). Finally, an answer is provided to the question whether the Incoterm DES is the best Incoterm, or if a better alternative is provided by the International Chamber of Commerce.