Standard Club

Standard Club has merged with North to form NorthStandard. Find out more about NorthStandard here or continue on this site to access industry news, publications and expertise, as well as club rules and contacts.  

We have a new UK Emergency Contact number Find out more here

Press article: contracting issues in the heavylift sector

News & Insights 18 December 2014

Written by

Rupert Banks and Ian Billington consider the increasing risks for heavylift operators

As project cargos, particularly in the offshore oil and gas sector, become physically larger and of higher value, heavylift operators are facing increasingly onerous contractual liability regimes.

This article highlights current trends in heavylift contracting: in particular, the fact that it is increasingly common for heavylift operators to be required under contract to assume all liability for cargo, irrespective of fault. This is a worrying trend for heavylift operators; as such burdensome terms bear no correlation with their risk-reward ratios.

The full article is available in Maritime Risk International, on this website.  


Category: Offshore & Renewables

You are currently offline. Some pages or content may fail to load.