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Have a look into this compact but very useful and informative booklet providing the essentials of the shipbuilding contracts. Developed and released by the entity with the huge experience in making the shipbuilding contracts, and reviewing the associated paperwork, it will be an excellent training tool for those entering the industry.
It will be of particular benefit to the clients since they will be given a good idea of the most important aspects that have to be taken into consideration during the negotiations between the shipbuilding facility and the client. It also provides an insight to the commonly used and agreed terms. The booklet opens with the information on the forms and specifications, followed by the sections on the contract pricing and payment terms, and sub-contracting.
The liquidated damage provisions are addressed separately. Then, there are two chapters on the risks and security. The ship classification has been dealt with; also, the due attention has been paid by the author to the documentation and ship delivery, sea trials, warranty period, dispute resolution, and defaults by the buyer and the builder. This is a great tool prepared by the great professionals.
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