Industry Standard Decom Contract Drafted
Law firm HFW said it has helped shipping association BIMCO draft an industry standard offshore decommissioning contact.
The contract – DISMANTLECON – has been approved by BIMCO's Documentary Committee and will be released at the end of June, along with guidance notes. It can be used for removal of any offshore field architecture, including pipelines, mattresses, manifolds, jackets, topsides, platforms and monopole structures.
HFW, which also recently helped BIMCO draft its first cyber security clause and two clauses relating to the International Maritime Organization's 2020 sulphur emission rules, said it is the only law firm on BIMCO's drafting subcommittee for the DISMANTLECON contract. Its team is led by global shipping head Paul Dean and partner Tom Walters.