NAESB Gas Contracts 101

SEMINAR DETAILS
CPE: Recommended 8 hours
CLE: 7 – Participatory
Program Level: Basic to Intermediate
Field of Study: Specialized Knowledge and Applications
Prerequisites: None. No advance preparation needed.
Instructional Delivery Method: Group Live
Cost: $898
Schedule:  8am – 4pm. Lunch is provided at 12pm.

 

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Brief: Section by section review and discussion of the 2002 and new 2006 NAESB Base contract and 2003 NAESB Credit Support Addendum.  There is also a discussion of the key supplemental provisions added to most NAESBs. At each step, there is a comparison to the ISDA and EEI forms.  The course concludes with a NAESB negotiation exercise.  Also includes complete coverage of the “Lessons from Lehman” and the “safe harbor” in bankruptcy for trading contracts!  Plus-complete coverage of netting, including triangular netting.

* Energy Seminars, Inc. is neither affiliated nor associated with the North American Energy Standards Board (NAESB®).

Agenda
  1. Introduction
  2. Overview of Gas Trading (1.0 Hours)
    1. Segments of Wholesale Energy Markets
    2. Energy Contracts
    3. Participants in Energy Wholesale Markets
    4. Energy Futures Contracts
    5. Electronically Traded Gas Contracts
    6. Pricing Points and Indexes
    7. Forward Gas Sale
    8. OTC Gas Swap
    9. OTC Gas Option
  3. Bankruptcy and Dodd-Frank Reform (.5)
    1. Safe Harbor: Exception to the Stay Provisions
    2. Broader Netting Provisions
    3. Dodd-Frank Financial Reform
    4. Dodd-Frank NAESB Questions
  4. 2002/2006 NAESB Base Contract (2.0)
    1. North American Energy Standards Board
    2. Which NAESB Base Contract: 2002 Or 2006?
    3. NAESB Base Contract
    4. Dissecting the NAESB
    5. Section 1: Purpose and Procedures
    6. Section 2: Definitions
    7. 2006 Added Definitions
    8. Section 3: Performance Obligation
    9. Section 4: Transportation, Nominations, and Imbalances
    10. Section 5: Quality and Measurement
    11. Section 6: Taxes
    12. Section 7:  Billing, Payment, and Audit
    13. Section 8: Title, Warranty and Indemnity
    14. Section 9:  Notices
    15. Section 10:  Financial Responsibility/Assurances
    16. Section 11:  Force Majeure
    17. Section 12:  Term
    18. Section 13: Limitations
    19. Section 14:  Miscellaneous
    20. Supplement to the Base Contract
    21. Canadian Addendum
    22. NAESB Strengths and Weaknesses
    23. NAESB Credit and Term Matrix
  5. 2003 NAESB Credit Support Add. (1.0)
    1. NAESB CSA
  6. Comparison of NAESB to ISDA, EEI and WSPP (1.0)
    1. Comparing the Forms
    2. Grading the Forms (1-10 with 1 Being Low And 10 High)
    3. What Is Not In NAESB Form?
    1. Ethics (.5)
    2. ABA Model Rules
    3. Sarbanes-Oxley for Attorneys
    4. Ethical Issues for Energy Trading
    5. Ethical Issues Discussion Items
  7. NAESB Shootout Negotiation (1.5)
    1. Negotiation Strategy
    2. NAESB Shootout: The Counterparties
    3. Terms of Engagement

inhouse

This seminar is also available as an in-house seminar brought to your office. Contact us for more details.

Not Convinced?

See what others had to say about NAESB Gas Contracts 101

Great resource for those who want to learn more about oil and gas.

—Joe

Very informative and provides more in-depth information on the industry and the process

—John

I liked the workshop very much.  I gained even more information from it then I had expected.  Instructor was excellent.

This is a must for anyone in the gas industry.  I wish I had taken it 3 years ago.  Very comprehensive information

—James


NAESB Gas Contracts 202

Keep your career on the fast track – NAESB Gas Contracts 202: Drafting & Negotiations takes the curriculum to the next level. GO deeper into credit and default provisions, alternatives to Section 10 (Financial Responsibility), and more! Register for the next seminar in this series today!

NAESB 202

Register for NAESB Gas Contracts 202 Today!


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Energy Seminars, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
Refund Policy: If the registrant or his or her agent cancels a registration 3 days or more prior to the seminar date, Energy Seminars, Inc. (ESI) will impose a cancellation fee of $35 if paid by check, money order, VISA, or MasterCard, or $50 if paid by AMEX. If the registrant is a no-show or the registration is canceled less than 3 days prior to the seminar date, ESI can offer only a letter of credit to any future seminar.

For more information regarding our complaint and refund policies, please telephone our offices at 281-362-7979.