IMCA’s Marine Construction Contract Revised

IMCA press release
Tuesday, July 10, 2012
IMCA’s Chief Executive, Hugh Williams.

The International Marine Contractors Association (IMCA) has published a variety of guides, templates and discussion documents aimed at raising awareness on contracting issues (including liability and insurance), promoting discussion and providing tools that may be useful for its contractor members, their clients and sub-contractors. All are subject to revision to ensure usefulness to all stakeholders and that it just what has happened to a key document – ‘IMCA Marine Construction Contract’, with revision to others relating to offshore survey and ROV work in the pipeline. All are designed to aid clients and contractors alongside their in-house standard contracts and other industry publications.


The IMCA Marine Construction Contract is a worldwide standard contract for use by any party as appropriate. It is based on the well established LOGIC contract 'General conditions of contract (including guidance notes) for marine construction', which was published for use in the UK. The IMCA Contracts & Insurance workgroup drafted the original (and updated) version for worldwide use. It is based on English law, but this can be varied to suit users.  It is particularly useful where the parties do not have an ‘in-house’ contract which is often the case for smaller companies and in new regions.  The update provides a number of small clarifications and amendments to the wording.
“Our work on contracts has been very much at the forefront in recent months,” explains IMCA’s Chief Executive, Hugh Williams. “Not only have we revised our Marine Construction Contract, but held an ‘Allocating Risks’ seminar attended by around 70 delegates, most with legal or insurance responsibility for oil companies, contractors or advisers; and we also issued a questionnaire about our contracts work to our contractor and corresponding oil company members which has resulted in most welcome feedback.
 

“Naturally it is important to keep in step with what is going on in the industry, and ‘Allocating Risks’ certainly did this, highlighting changes in pollution legislation, liability and risk allocation in current projects especially in contracts changed post Montara/Macondo.
 

“Our publication ‘General Contracting Principles’ – updated a year ago – was the subject of a presentation by Barbara de Roo, of Heerema Marine Contractors who chairs the IMCA Contracts and Insurance Workgroup.  She looked at a contractor’s approach to ‘risk allocation’, what risks a contractor covers, and what risks a contractor cannot bear, or cannot get insured. We also had the perspective from an oil company (Tom Shiel, Senior Consultant, INDECS Consulting), from a P&I club (Robert Dorey, Offshore Syndicate Director, The Standard Club) and from lawyers (Toby Stephens/Diana France, Holman Fenwick and Nathalie Louys of Subsea 7), while Michael Walls of Marsh looked at the allocation of risks as seen by a broker.
 

“Allocating risk in a contract is critical to safe and efficient delivery of a project; good understanding between the parties; avoidance of overlaps and gaps; focusing appropriately on risk management; and creating clarity in the event of incidents.  Almost all speakers identified that lack of clarity costs money. This seminar and associated workshop is one of a series aimed at improving understanding and dialogue and moving the industry forward – as with so many events, the networking time amongst a seemingly unique gathering of specialists, is invaluable,” adds Hugh Williams.
 

“The next in publication dealing with contracting will be the updated Contract for the Provision of ROV, Support Vessel and Associated Work (based on BIMCO SUPPLYTIME 89) – IMCA R 013 Rev, 1 and a new second publication based on BIMCO SUPPLYTIME 2005, which is used by many members. Where existing publications are used as daily worktools, it makes sound sense to incorporate these, with relevant revisions, into the IMCA contracting ‘library’. All such documents are free to download for members and non-members alike.”
 

  • Feedback from IMCA contract questionnaire
     

In February a questionnaire was issued to all IMCA contractor and corresponding oil company members seeking feedback on the association’s contracts work. The resulting data indicates that members are aware of the contract documents published by IMCA and that most use some parts to support their work. They requested more IMCA contracts publications for other disciplines and phases of work.


IMCA’s contract materials are online at www.imca-int.com/documents/contracts and comprise IMCA Marine Construction Contract Rev. 1; IMCA Decommissioning Contracting Principles; IMCA General Contracting Principles Rev. 1; Guidelines on Identifying and Assessing Risk in Construction Contracts; and sector-specific publications relating to offshore survey and remote systems and ROV. “Every IMCA member is, of course, free to negotiate their own terms, qualify such contracts and to make use of the principles should they wish to do so in order to achieve a contract satisfactory to both parties,” explains Hugh Williams. “Our contracting publications, like our technical ones, are published to help deliver safety and efficiency in our industry.”
 

Full information on IMCA’s activities can be found at www.imca-int.com and area available from IMCA, 52 Grosvenor Gardens, London SW1W 0AU, UK. Tel: +44 (0)20 7824 5520; Fax: +44 (0)20 7824 5521; email: imca@imca-int.com.
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Heerema Signs LOI with Jurong Shipyard for Giant Crane Vessel

Dutch offshore contractor Heerema Offshore Services has signed a letter of intent (LOI) with Sembcorp Marine’s Jurong Shipyard in Singapore for the construction

U.S. Oil Train Traffic mostly from Midwest to East Coast

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

Offshore

Heerema Signs LOI with Jurong Shipyard for Giant Crane Vessel

Dutch offshore contractor Heerema Offshore Services has signed a letter of intent (LOI) with Sembcorp Marine’s Jurong Shipyard in Singapore for the construction

Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

North Sea Oil: Harkand wins Maersk Oil North Sea Deal

Harkand won a multi-million contract with Maersk Oil North Sea Ltd for the provision of DSV services in the North Sea region. The 12-month contract will be serviced by Harkand’s two DSVs,

Finance

COSCO China's Piraeus Bid Back on Track

China Ocean Shipping (Group) Co will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course

CMA CGM profits up 43%

French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth

Ship Ownership is a Closely Held Market

Even though shipping is a global industry, ownership is fairly well concentrated in a relatively small number of major centres, says a research from Clarksons.

News

COSCO China's Piraeus Bid Back on Track

China Ocean Shipping (Group) Co will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course

India, Japan Reaffirm Strong Maritime Ties

India and Japan have discussed a specialized 24-nation maritime construct to enable real-time sharing of data of all shipping including merchant and naval warships,

CMA CGM profits up 43%

French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth

Insurance

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

Swedish Club Reports 'Healthy Growth'

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the

P&I Clubs

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Swedish Club Reports 'Healthy Growth'

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the

Steady Growth Reported by the Swedish Club

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where

Surveyors

US Navy to Roll out Underwater Spy Satellites

The robotic series that remade crusade in skies will shortly extend to a low sea, with underwater view “satellites,” drone-launching pods on a sea building and unmanned ships sport submarines,

China Unveils Action Plan on Maritime Silk Road

China has unveiled the principles, framework, and cooperation priorities and mechanisms in its Maritime Silk Road initiative in a bid to enhance regional connectivity

TDDCL Seeks Input for New Repair Yard

Trinidad Dry Dock Company to develop new ship repair yard at Port of Spain; company requests Expressions of Interest for Environmental Impact Assessment and Geotechnical

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2936 sec (3 req/sec)