Shipbuilding Contracts - the value of Defence Club cover
Shipbuilding over recent years has shown a dramatic increase in terms of ship numbers and also the yards involved. The subsequent financial crisis of 2008 has led to a rise in the number of disputes under newbuilding contracts, as shipyards which took on a significant number of contracts find themselves
racing to meet delivery deadlines, or running into financial difficulties as credit lines dry up.
Although shipbuilding contracts are frequently based on one of a number of standard forms, in reality each contract is different with terms varying widely. The contract terms will be dependent on the yard, the type of ship involved, the financing arrangements, and the buyer's requirements for compliance
with specifications and design, quality of workmanship and delivery timing.
The attached review summarises some of the areas in which disputes can arise.1
Downloads
-
UK Defence Club: Shipbuilding Contracts - the Value of Defence Club Cover (318 KB)
14/09/2016
Download PDF
Tags
You may also be interested in:
ECDIS Detention data by AMSA PSC
12/01/2021
When using the ECDIS, it is necessary to know specifically what the problems for navigators are; in this article Captain Sekine extracts the problems related to the use of ECDIS in regard to the current status of ships operated around the world.
Korea Disease Control and Prevention Agency (KDCA) has announcement new regulation for vessels calling at Korean Ports to prevent the spread of COVID-19.
ECDIS-related accidents and human elements
12/01/2021
In this report, Captain Sekine would clarifies problems by reviewing the ECDIS-related accidents and use this as a guide for future navigations by those using ECDIS.
China’s “New” Export Control Law
30/12/2020
On 17 October 2020, the Standing Committee of China’s National People’s Congress (SCNPC) passed the Export Control Law of the People’s Republic of China (the “ECL”) and the same entered into force on 1st December 2020.