Press article: Wreck removal - choosing the right contract
15 September 2015
It is prudent in any wreck removal operation to hope for the best but plan for the worst – a precautionary principle that extends beyond operational matters to the contract under which salvors are engaged. This is because if things do not go to plan, the contract will be the ship owner’s last line of defence. The first decision to make is which of the available contracts to select, based on a sound working knowledge of their key features, applied to the known facts. In this article in International Tug & OSV, Sam Kendall-Marsden, Head of Division, UK & Americas, looks at the options available.
The full article is available on the right, reproduced with kind permission of International Tug & OSV http://www.tugandosv.com/.