Watson Farley & Williams (“WFW”) advised Snam Group (“Snam”) on the drafting of commercial contracts relating to the floating regasification and storage unit (“FSRU”) “BW Singapore” with BW Fleet Management AS (“BW”). The vessel will be based out of the port of Ravenna, Italy, in the northern Adriatic Sea giving it easy access to potential new LNG flows from North Africa and the Eastern Mediterranean.
The agreements include a contract for the design and construction of works necessary for the mooring of the FSRU and its connection to the gas transportation network at the port of Ravenna, as well as a contract covering its technical, commercial and crew management.
The cross-border WFW Assets & Structured Finance team that advised Snam was led by Rome Partner Michele Autuori, working closely with London Partner Joe McGladdery. They were supported by Milan Senior Associate Davide Canepa, and Associates Beatrice D’Amato and Noemi D’Alessio.
They worked closely throughout the transaction with Snam inhouse counsel Umberto Baldi, Erica Anna Lisa Delbarba and Daniele Stazio.
BW was advised by in-house counsel Iain Platfoot and a King & Spalding team comprising Partner Lachlan Clancy and Senior Associate Michael Meade.