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Risk Management of Shipbuilding Contracts

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Abstract:

The choices and decisions involved in ordering a new ship are essentially entrepreneurial and culminate in the letter of intent based on financial and business considerations. The contract follows and covers the size, type, and quality of the ship, her construction, and eventually her operation. Drafting the builder/buyer contract is a major station in a shipbuilding venture and, although this paper mainly covers the contract negotiation, it relates by necessity to elements before and after contract finalization.

Document Type: Research Article

Publication date: October 1, 2006

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  • Marine Technology is dedicated to James Kennedy, 1867-1936, marine engineer, and longtime member of the Society, in recognition and appreciation of his sincere and generous interest in furthering the art of ship design, shipbuilding, ship operation, and related activities.

    The Technical papers in this quarterly flagship journal cover a broad spectrum of research on the latest technological breakthroughs, trends, concepts, and discoveries in the marine industry. SNAME News is packed with Society news and information on national, section, and local levels as well as updates on committee activities, meetings, seminars, professional conferences, and employment opportunities.

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