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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