In this work, a source term model for estimating the rate of spreading and vaporization of LNG on land and sea is introduced. The model takes into account the composition changes of the boiling mixture, the varying thermodynamic properties due to preferential boiling within the mixture and the effect of boiling on conductive heat transfer. The heat, mass and momentum balance equations are derived for continuous and instantaneous spills and mixture thermodynamic effects are incorporated. A parameter sensitivity analysis was conducted to determine the effect of boiling heat transfer regimes, friction, thermal contact/roughness correction parameter and VLE/mixture thermodynamics on the pool spreading behavior. The aim was to provide a better understanding of these governing phenomena and their relative importance throughout the pool lifetime. The spread model was validated against available experimental data for pool spreading on concrete and sea. The model is solved using Matlab for two continuous and instantaneous spill scenarios and is validated against experimental data on cryogenic pool spreading found in literature.