Fred B Goldsmith News

Must-Haves for Vessel Repair Contracts

By Fred B. My last column addressed critical clauses in vessel charters. Since this issue of MarineNews is focused on vessel construction and repair, this column will focus on some, but due to space limitations, not all, critical clauses in vessel repair contracts. Vessel repairs are usually an expensive proposition. The vessel must be taken out of service and thus is not generating income while being repaired. Often, the vessel has to be drydocked. Thus, owners usually want to get as much done at once during this disruptive period.