Shipbuilding & Offshore Construction Projects - The Key Issues Considered

Introduction

This new virtual classroom seminar is suitable for lawyers and contract specialists dealing with all manner of shipbuilding and offshore construction projects.

Such projects are broad in nature and include:

• The construction of trading vessels, including specialist commercial vessels such as LNG carriers
• The construction of passenger ferries, cruise ships, and yachts
• The construction of specialist offshore units and support vessels
• Ship conversion projects
• The construction of equipment and infrastructure related to offshore oil and gas and renewable projects

The session will provide you with an understanding of the legal and practical issues that arise in the context of these projects.

The session will also highlight differences between contract wording and practices found in the more conventional sectors (such as for trading vessels and passenger ships) and those which have developed in the offshore energy (oil and gas and renewables) sector.

Many of such projects are undertaken using contracts based on the ‘SAJ form’ or BIMCO’s 2007 ‘Newbuildcon’ form of contract. Both contracts are considered as part of the session.

What You Will Learn

This live and interactive course will cover the following:

• Design risk and drawing approval
• The role of the classification society
• Payment terms and adjustments to the contract price
• Modifications to the specifications
• Sea trials and the acceptance regime
• The mechanics of delivery
• Extensions of time and force majeure
• The parties’ rights to terminate
• Insurance, including the increasing relevance of knock for knock provisions in offshore contracts
• Post-delivery warranty of quality provisions
• Security, including in particular the refund guarantee securing repayment of pre-delivery contract price instalments and payment guarantees on behalf of the buyer
• Distinctive features encountered in ship conversion projects
• An introduction to the dispute resolution procedures generally encountered

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.