Global law firm White & Case LLP has advised JERA Co., Inc. (JERA) on a long term time charter party for a newbuild liquefied natural gas (LNG) carrier executed between Mitsui O.S.K. Lines, Ltd. (MOL) and LNG Marine Transport Limited (LMT).
"By securing this long term charter contract for a state-of-the-art LNG carrier, JERA further fortifies its LNG supply chain stability," said White & Case local partner Michael Richter, who co-led the Firm's deal team. "This deal underlines our Firm's extensive experience and expertise in the energy sector, particularly advising on complex LNG shipping agreements."
The vessel will be built at the Geoje Shipyard of Samsung Heavy Industries Co., Ltd. and is scheduled for delivery in 2026. It will be managed by MOL and transport LNG for JERA.
LMT is a vessel operation management entity that is jointly owned by JERA, Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha.
The White & Case team in Tokyo which advised on the transaction was co-led by partner Paul Harrison and local partner Michael Richter and included associate Emily Jiang.
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