Ship Building Agreements
Newbuilding contracts for shipyards and buyers — specifications, milestone payments, refund guarantees and delivery terms.
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Overview
Understanding Ship Building Agreements
A shipbuilding contract governs the construction and delivery of a new vessel, balancing the yard’s and buyer’s interests on specifications, classification, inspection, milestone payments, refund guarantees, delays, liquidated damages and title transfer. We draft and negotiate newbuilding contracts (SAJ, NEWBUILDCON and bespoke forms) and the associated refund-guarantee and supervision agreements.
What We Cover
Key Highlights
Newbuilding contracts (SAJ / NEWBUILDCON / bespoke)
Technical specifications and classification
Milestone payment and refund-guarantee structuring
Liquidated damages for delay / deficiency
Inspection, sea trials and delivery / title transfer
Our Process
How We Help You
A straightforward, transparent path from first call to resolution.
1
1Term Sheet
Agree price, spec, schedule and payment milestones.
2
2Contract Drafting
Draft the build contract, refund guarantee and supervision agreement.
3
3Delivery
Sea trials, acceptance, protocol of delivery and acceptance, title transfer.
FAQs
Common Questions
Everything you need to know before you begin
A bank guarantee protecting the buyer’s pre-delivery instalments if the yard defaults or the contract is cancelled.
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