Contract Operator
2 days ago
**Roles and Responsibilities**:
**Contract Management**:
- Oversee the execution and performance of Floating Storage Regasification Unit (FSRU) Time Charter Parties (TCPs).
- Ensure full compliance with contractual terms, conditions, and operational requirements; proactively address issues with Owners and Charterers.
- Coordinate with shipowners and key stakeholders to ensure smooth operations under the charter contracts.
- Manage the interface and integration between the FSRU TCP, Terminal Use Agreements, and Inter-Customer Agreements.
**Operational Oversight**:
- Maintain a thorough understanding of the TCP and monitor contractual performance, including vessel availability, maintenance, and logistics.
- Ensure FSRU operations are within agreed performance and compliance parameters, including delivery timelines and technical standards.
- Collaborate with cross-functional teams (technical, commercial, legal, finance) to promptly resolve operational issues.
- Ensure all operations align with international and local regulations, such as MARPOL, SOLAS, and other relevant statutory requirements.
- Coordinate with HSSE (Health, Safety, Security & Environment) stakeholders to proactively address safety matters.
**Performance Tracking**:
- Optimize the performance and utilization of the FSRU to meet business goals, minimize downtime, and maximize profitability.
- Monitor and assess key performance metrics outlined in the TCP, including hourly send-out nominations, fuel consumption, and operational efficiency.
- Support 24/7 scheduling and nomination change requirements.
- Develop dashboards and reports to analyze performance trends and identify improvement areas.
- Proactively resolve performance issues through coordination with internal and external parties.
- Record, track, and validate liabilities, liquidated damages, and demurrage; liaise with the back-office for settlements.
**Cost Management & Budgeting**:
- Monitor cost-efficiency of FSRU operations and identify opportunities for cost optimization.
- Assist in budget preparation and financial forecasting in line with contractual terms and business targets.
**Stakeholder Communications**:
- Serve as the primary liaison for internal departments (legal, finance, technical, operations) and external parties (shipowners, agents, service providers, customers).
- Facilitate effective communication to ensure alignment on contractual obligations and performance expectations.
- Organize and participate in stakeholder meetings to manage issues, negotiate changes, resolve disputes, and provide updates.
- Keep senior management informed of vessel performance and operational developments.
**Risk & Dispute Management**:
- Identify risks related to contract execution, such as delays, breaches, or compliance gaps, and develop mitigation strategies.
- Support the legal team in managing and resolving disputes or claims related to the TCP, ensuring timely and equitable outcomes.
**Documentation & Reporting**:
- Maintain complete and accurate records of TCP agreements and related communications.
- Prepare regular reports on contract status, risk exposure, and performance for internal and regulatory stakeholders.
- Ensure documentation is properly stored and accessible in line with company policy and compliance requirements.
**Continuous Improvement**:
- Stay updated on industry best practices, legal developments, and regulatory changes impacting TCPs and FSRU operations.
- Recommend and implement improvements to enhance contract execution, compliance, and operational efficiency.
- Work with internal teams to improve processes and identify opportunities for renegotiation or optimization of contract terms.
- Conduct periodic reviews of contracts and performance data to support strategic decisions.
**Requirements**:
- Bachelor’s degree in Business, Maritime Studies, Engineering, or a related field. A Master’s degree or professional certification (e.g., in contract management or maritime law) is an added advantage.
- Minimum of 3 years’ experience in contract management, preferably within the maritime or LNG industry.
- Strong knowledge of Time Charter Party (TCP) agreements, LNG Terminal Use Agreements, and Sales and Purchase Agreements (SPAs).
- Hands-on experience with FSRU operations and performance management, including vessel availability, send-out nominations, and fuel consumption monitoring.
- Proven ability to manage contractual obligations, performance metrics, and cost control in complex operational environments.
- Familiarity with international maritime regulations and standards, including IMO, MARPOL, SOLAS, and local regulatory frameworks (especially in Singapore).
- Excellent communication, negotiation, and stakeholder management skills, with a track record of coordinating across internal departments and external partners such as shipowners, agents, and terminal users.
- Strong analytical and problem-solving skills with attention to detail in contract
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