Course 19 of 20 · LNG Desk Academy

Portfolio Resilience & Supply Security

Stage E, Structuring, resilience and integrated practice. Level 10 of 10.

Portfolio resilience and supply security: outage and force majeure replacement, supply diversification, and stress testing commitments against delivery failure.

121 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 07, Course 10, Course 15, Course 17

Enrol or enquire See the 121 chapters
How a chapter is sized

One chapter is one idea taken to the point of use

Each chapter is a single self-contained explainer of 8 to 10 narrated minutes, covering one idea to the point where you can use it.

Chapters run in order. Each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 121 chapters

Open any module for its full chapter list, in teaching order.

M0 The Portfolio as a Set of Promises Ch 1-10
  1. A Book of Promises, Not a Book of Positions
  2. The Promise That Cannot Be Settled in Cash
  3. Five Assets, One Promise
  4. Weeks, Not Minutes, as the Unit of Repair
  5. The Replacement That May Not Exist
  6. What a Missed Delivery Actually Costs
  7. Delivery Failure Is Not a Price Event
  8. The Four Questions of the First Hour
  9. Resilience as a Holding Rather Than a Response
  10. Map of the Material and the Threads Handed On
M1 The Chain of Five Assets and Where It Breaks Ch 11-21
  1. Mapping One Cargo Back to Its Train
  2. Mapping One Sale Forward to Its Berth
  3. The Dependency Sheet for a Whole Portfolio
  4. When the Train Is the Single Point
  5. When the Ship Is the Single Point
  6. When the Transit Route Is the Single Point
  7. When the Terminal Is the Single Point
  8. When the Counterparty Is the Single Point
  9. Dependencies Shared by Cargoes That Look Unrelated
  10. Time to Repair, Link by Link
  11. The Failure Register the Desk Keeps Current
M2 Liquefaction Outage and the Replacement Decision Ch 22-31
  1. What an Unplanned Trip Removes
  2. Maintenance That Overruns
  3. Feedgas Interruption Reaching a Loading Window
  4. Reading an Outage Notice From Your Seller
  5. Establishing the Real Restart Date
  6. Which Sales Just Lost Their Source
  7. The Replacement Decision, Part One: Is Performance Still Owed
  8. The Replacement Decision, Part Two: Costing Each Route Out
  9. The Replacement Decision, Part Three: Committing and Recording
  10. A Train Outage Across One Loading Programme
M3 The Vessel Lost Mid-Voyage Ch 32-41
  1. A Ship That Stops Being Available
  2. Damage and the Laden Diversion to Repair
  3. Detention, Arrest and Refused Entry
  4. Boil-off While the Cargo Waits
  5. Ship-to-Ship Transfer as a Rescue
  6. Finding Replacement Tonnage at Short Notice
  7. The Only Spare Vessel Is the Wrong Size
  8. The Cargo Is Fine and the Delivery Still Fails
  9. Telling the Buyer a Ship Problem Is Also Theirs
  10. A Mid-Voyage Vessel Loss Through to Settlement
M4 The Terminal That Cannot Receive Ch 42-50
  1. Why a Full Tank Stops a Delivery
  2. Berth Damage, Dredging and Unplanned Closure
  3. Send-out Failure and the Tank That Will Not Empty
  4. Weather Windows and the Cargo Held Offshore
  5. Refused on Arrival for Composition
  6. Which Side Absorbs a Closed Berth
  7. Re-destination Forced by a Closed Terminal
  8. Floating Storage as the Default Answer
  9. A Terminal Closure Across Three Cargoes
M5 Force Majeure Declared Against You Ch 51-60
  1. The Notice That Lands Before the Cargo
  2. Which Events Your Purchase Clause Actually Names
  3. Did the Event Prevent Performance
  4. The Evidence You Are Entitled to Demand
  5. Plant Records, Ship Logs and Port Statements as Proof
  6. Accepting, Challenging or Reserving
  7. The Resumption Estimate and Why It Slips
  8. Volume Excused, Volume Deferred, Volume Gone
  9. Keeping the Claim Alive While the Supply Continues
  10. A Challenged Declaration Through to Settlement
M6 Declaring Force Majeure Yourself Ch 61-69
  1. Claiming Relief on Your Own Sale
  2. Mitigation You Must Attempt First
  3. Proving You Tried to Buy a Cargo
  4. Notice Timing and Service on an LNG Sale
  5. Allocating a Short Supply Between Buyers
  6. What a Declaration Does to Everyone Watching
  7. Hardship Is Not Relief
  8. Passing Upstream Relief Down the Chain
  9. Mismatched Relief Wording Across the Portfolio
M7 Sourcing a Replacement Cargo Ch 70-80
  1. A Market That May Have Nothing to Sell
  2. Who Holds Spare Cargo This Month
  3. The Enquiry That Reveals You Are Short
  4. Pricing a Prompt Cargo Against a Promise Already Made
  5. The Cargo That Arrives Too Late to Help
  6. Buying Delivered or Buying at the Loading Port
  7. Shipping the Replacement You Just Bought
  8. Paying the Buyer to Release You
  9. Partial Delivery and the Heel Question
  10. Credit and Documents at Replacement Speed
  11. One Replacement Programme Costed End to End
M8 Designing Flexibility Into the Portfolio Ch 81-91
  1. How Much Flexibility to Hold Against Failure
  2. Flexibility Held as Insurance, Not Sold
  3. The Premium You Give Up by Not Selling
  4. Uncommitted Volume as a Reserve
  5. Supplier Diversification Means Counting Trains
  6. Basin Diversification and Correlated Outage
  7. Vessel Diversification and the Charter Dependency
  8. Access Held at More Than One Terminal
  9. Portfolio Size and Natural Self-Insurance
  10. Too Much Promised in One Window
  11. A Resilience Standard Someone Will Fund
M9 Contractual Tools for Resilience Ch 92-100
  1. Cargo Swaps as a Failure Remedy
  2. Borrowing a Cargo and Paying It Back
  3. Reciprocal Arrangements Between Portfolio Players
  4. Standby and Last-Resort Supply
  5. Substitution and Alternative Source Clauses
  6. Deferral, Make-up and Carry-forward as Resilience
  7. Tolerance You Already Hold
  8. Replacement Pricing Agreed Before You Need It
  9. Building the Resilience Clause Set Into the Next Contract
M10 Stress Testing Combined Failure Ch 101-110
  1. Why Single-Failure Testing Flatters a Cargo Book
  2. Designing a Combined Failure Scenario
  3. Choosing Which Links Fail Together
  4. Reporting the Result as Cargoes Served and Missed
  5. Reverse Testing: What Combination Would Break Us
  6. Severity: One Train, Two Trains, a Basin
  7. The Recovery Path and How Long the Book Stays Broken
  8. Turning a Test Result Into Pre-agreed Actions
  9. Keeping the Scenario Set Alive
  10. A Combined Failure Test, Worked
M11 The Liquidity Event and a Worked Quarter Ch 111-121
  1. Replacement Purchases and Hedges Moving Together
  2. The Cash Shape of a Forced Purchase
  3. Margin on a Hedge That Is Working
  4. Peak Funding Need Through a Failure Month
  5. Triage When Cash Decides Which Promise Is Kept
  6. A Quarter of Failures, Part One: The Train Trips
  7. A Quarter of Failures, Part Two: The Ship Goes Off-Hire
  8. A Quarter of Failures, Part Three: The Terminal Closes
  9. A Quarter of Failures, Part Four: The Reckoning
  10. What the Desk Can Now Run
  11. The Failures No Amount of Flexibility Prevents

The brochure gives each of these 121 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 19 of twenty

It stands alone, and it is also the entry point to the LNG Desk Academy pathway.

Enrol or enquire See the whole pathway