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BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process.
BIMCO’s new DISMANTLECON contract, the first global standard contract designed for the dismantling and removal of offshore structures in the energy sector, is now available and aims to provide a balanced set of terms and conditions to both parties in the process.
DISMANTLECON is marine services contract for offshore structure dismantling work and transport to a designated place of delivery. The agreement can be used for the removal of any offshore structure ranging from field architecture to entire structures and is intended for use in jurisdictions world-wide. It does not cover the disposal of the dismantled structures onshore and this will require a separate agreement with an onshore disposal contractor. DISMANTLECON operates on a knock for knock liability regime, which means that each party is responsible for and should indemnify the other in respect of loss of or damage to their own property, and injury to or death of their own personnel, regardless of fault. Copyright in DISMANTLECON is held by BIMCO.
Read the latest interview with BIMCO’s shipping analyst Peter Sand in Hellenic Shipping News Worldwide.
An updated Report on the European list of ship recycling facilities, commissioned by BIMCO, shows progress in increasing the number of active yards on the list, but the rules still don’t reflect commercial realities and lags behind on capacity to scrap large commercial ships.
The handy guide contains all of BIMCO’s current standard offshore contracts and charter parties along with detailed guidance notes.
45 minute webinar commencing 09:00 GMT
