Client Brief
Cheniere required a capability to represent the financial and logistical details held in Charterparty agreements for its vessel chartering operations.
KWA Delivery
KWA designed and delivered a solution in conjunction with Cheniere IT that supported fully capturing the optionality relating to the hire term directly within Endur:
- Options to extend hire period (“term” options) captured as additional deal legs
- Recording the exercise status of term options and resulting extension of charter hire rate structure and risk exposure to underlying freight curve
- Options to extend/reduce length of hire related to firm and term option hire periods (“charterer’s” option) captured on each leg
- Recording intent to redeliver and the use status of the charterer’s option to extend/reduce
In parallel KWA worked closely with Cheniere’s technical team and end users to deliver a bespoke web app solution to retrieve and present this extended Endur deal model and capture additional details held in charterparty contracts:
- GUI to capture additional data related to charterparty not recorded in Endur
- Pre-delivery data
- Positioning Fee calculation parameters
- Ballast Bonus calculation parameters
- Re-delivery data
- Suite of web-based APIs to retrieve this data and make it easier to consume by downstream reporting processes in a variety of formats including JSON
- Web app stored charterparty information
- Charter dates structure from Endur as a data array
- Charter rates structure from Endur as a data array
- Data from applications that store vessel details.
