| Foreword |
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xiii | |
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| Preface |
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xv | |
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xvii | |
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xxxiii | |
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Table of statutory instruments |
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xxxiv | |
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Table of conventions and international instruments |
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xxxiv | |
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Table of regulations and directives |
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xxxv | |
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PART 1 THE NATURE OF THE SHIPBUILDING CONTRACT |
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1 | (4) |
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3 | (2) |
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PART 2 THE FORMATION OF THE SHIPBUILDING CONTRACT |
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5 | (12) |
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5 | (3) |
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Shipbuilding practice: negotiation of the contract and specifications |
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8 | (9) |
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8 | (1) |
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9 | (1) |
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9 | (1) |
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9 | (3) |
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12 | (1) |
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13 | (1) |
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Standard forms of contract |
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13 | (1) |
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14 | (1) |
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14 | (1) |
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15 | (2) |
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17 | (282) |
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19 | (1) |
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Allocation of the design risk |
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20 | (5) |
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Where the design risk is addressed |
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21 | (1) |
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Where the design risk is not addressed |
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22 | (1) |
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23 | (1) |
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23 | (1) |
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Plan and drawing approvals |
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24 | (1) |
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Article I Description and class |
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25 | (14) |
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26 | (1) |
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Compliance with principal plans and drawings |
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27 | (1) |
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Dimensions and characteristics |
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27 | (1) |
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28 | (1) |
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Classification and other regulatory requirements |
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29 | (5) |
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(i) Classification requirements |
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29 | (2) |
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(ii) Regulatory requirements |
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31 | (1) |
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32 | (1) |
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(b) Environmental requirements |
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33 | (1) |
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34 | (1) |
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Quality standards and quality assurance |
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34 | (2) |
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36 | (2) |
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Direct payments to subcontractors |
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38 | (1) |
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38 | (1) |
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Article II Contract price and terms of payment |
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39 | (20) |
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Financing the newbuilding |
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41 | (5) |
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(1) Financing for the builder |
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41 | (1) |
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41 | (1) |
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42 | (1) |
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(2) Financing for the buyer |
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43 | (1) |
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43 | (1) |
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44 | (1) |
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44 | (1) |
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45 | (1) |
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45 | (1) |
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Contract subsidy provisions |
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46 | (1) |
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46 | (7) |
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46 | (1) |
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46 | (1) |
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47 | (2) |
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49 | (1) |
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50 | (1) |
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(f) Rights of set-off and deduction |
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50 | (2) |
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(g) Common law rights of abatement |
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52 | (1) |
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53 | (1) |
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54 | (3) |
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57 | (2) |
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Article III Adjustment of contract price |
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59 | (21) |
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62 | (15) |
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69 | (1) |
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(a) The accrual of the buyer's rights |
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69 | (2) |
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(b) The level of liquidated damages |
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71 | (1) |
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(c) The buyer's right to rescind for excessive delay |
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71 | (2) |
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(d) Repudiation of the contract |
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73 | (1) |
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73 | (1) |
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(ii) Insufficiency of speed |
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74 | (1) |
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(iii) Excessive fuel consumption |
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75 | (1) |
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(iv) Inadequate deadweight capacity |
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76 | (1) |
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76 | (1) |
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Settlement of the builder's liability in liquidated damages |
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77 | (1) |
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Liquidated damages and rescission |
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78 | (1) |
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"Caps" on liquidated damages |
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78 | (2) |
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Article IV Approval of plans and drawings and inspection during construction |
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80 | (10) |
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Approval of plans and drawings |
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82 | (2) |
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Inspection by buyer's representatives |
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84 | (1) |
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85 | (1) |
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Obligation to notify defects |
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86 | (1) |
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Liability for the buyer's representatives |
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87 | (2) |
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Unsuitability of the buyer's representatives |
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89 | (1) |
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90 | (12) |
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92 | (2) |
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94 | (1) |
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95 | (1) |
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96 | (1) |
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97 | (2) |
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99 | (2) |
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Deceleration and acceleration of the work |
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101 | (1) |
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102 | (30) |
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105 | (1) |
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The conduct of the trials |
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105 | (3) |
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105 | (1) |
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106 | (1) |
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(iii) Crewing and navigation |
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106 | (1) |
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107 | (1) |
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Completion of the trials: the meaning of "acceptance" |
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108 | (1) |
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Method of acceptance or rejection |
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108 | (3) |
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Presentation of the trial results |
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109 | (1) |
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109 | (1) |
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109 | (1) |
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110 | (1) |
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When is the vessel deliverable? |
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111 | (16) |
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112 | (1) |
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Conditions, "innominate" terms and warranties |
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112 | (1) |
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Principles of construction |
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113 | (1) |
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The right to reject goods on quality grounds |
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114 | (1) |
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B The application of the general principles |
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115 | (1) |
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(i) Where the statutory implied terms are excluded by the terms of the contract |
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116 | (5) |
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(ii) Where the statutory implied terms are not excluded by the terms of the contract |
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121 | (6) |
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127 | (4) |
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127 | (1) |
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128 | (3) |
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131 | (1) |
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132 | (19) |
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133 | (8) |
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133 | (1) |
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133 | (2) |
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135 | (1) |
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The vessel's condition on delivery |
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135 | (1) |
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136 | (1) |
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(a) The Protocol of delivery and acceptance (the "Protocol") |
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136 | (1) |
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137 | (4) |
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141 | (8) |
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(a) The effect of the lex situs |
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141 | (1) |
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(b) The effect of English law |
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142 | (1) |
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(i) No express provision in the contract |
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142 | (2) |
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(ii) Title passing upon delivery and acceptance |
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144 | (1) |
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(iii) Title passing prior to delivery and acceptance |
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144 | (4) |
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148 | (1) |
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149 | (1) |
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150 | (1) |
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Removal of the vessel from the shipyard |
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150 | (1) |
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Article VIII Delays and extensions of time for delivery (force majeure) |
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151 | (28) |
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Force majeure: general principles |
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153 | (4) |
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157 | (3) |
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(i) The effects of a prior breach |
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158 | (1) |
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159 | (1) |
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160 | (17) |
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160 | (1) |
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160 | (1) |
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(ii) "Acts of princes or rulers; requirements of government authorities" |
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161 | (1) |
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(iii) "War or other hostilities or preparations therefor" |
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161 | (1) |
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(iv) "Strikes, lockouts or other labour disturbances" |
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162 | (1) |
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163 | (1) |
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164 | (1) |
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(vii) "Shortage of materials, machinery or equipment ... delays in delivery etc." |
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164 | (1) |
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(viii) "Defects in materials, machinery or equipment which could not have been detected by the builder using reasonable care" |
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165 | (1) |
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(ix) "Delays in the builder's other commitments ... which in turn delay construction of the vessel" |
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165 | (1) |
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(x) "Other causes or accidents beyond the control of the builder, its subcontractors of suppliers ... whether or not indicated by the foregoing words" |
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166 | (3) |
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(b) Other delaying events |
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169 | (2) |
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(c) The "prevention principle" |
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171 | (1) |
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(d) The impact of delaying events |
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172 | (1) |
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(e) The requirement of notice |
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173 | (1) |
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174 | (1) |
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175 | (1) |
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(i) Rescission for excessive force majeure delay |
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175 | (2) |
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(ii) Rescission by reference to a "drop dead" date |
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177 | (1) |
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177 | (2) |
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Article IX Warranty of quality |
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179 | (22) |
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The nature of the builder's warranty |
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181 | (1) |
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Limitations upon the builder's warranty |
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182 | (4) |
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Defects identified at delivery |
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183 | (1) |
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184 | (1) |
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185 | (1) |
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185 | (1) |
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Subcontractors' warranties |
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185 | (1) |
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Damage caused to the vessel |
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186 | (1) |
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The requirement of notice |
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187 | (1) |
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187 | (2) |
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To whom is the builder's obligation owed? |
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189 | (2) |
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191 | (5) |
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(a) Express terms of the contract |
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191 | (2) |
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(b) Consequential or special losses |
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193 | (2) |
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(c) Circumstances outside the builder's control |
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195 | (1) |
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(d) Implied terms of the contract |
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195 | (1) |
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The Unfair Contract Terms Act 1977 |
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196 | (3) |
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The test of reasonableness |
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197 | (2) |
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199 | (2) |
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Article X Rescission by buyer |
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201 | (16) |
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The buyer's right to rescind |
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202 | (3) |
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202 | (1) |
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(ii) Technical deficiencies in the vessel |
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203 | (1) |
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(iii) "Financial" defaults |
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203 | (1) |
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(iv) Total loss of the vessel |
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204 | (1) |
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204 | (1) |
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Loss of the right to rescind |
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205 | (1) |
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The effect of the buyer's rescission |
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206 | (6) |
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The builder's obligation to refund |
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206 | (2) |
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208 | (1) |
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209 | (1) |
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Rights to complete the contract works |
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209 | (3) |
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The buyer's common law remedies |
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212 | (5) |
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Acceptance of the builder's repudiatory breach |
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212 | (3) |
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215 | (2) |
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Article XI Buyer's default |
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217 | (13) |
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The definition of default |
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218 | (1) |
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219 | (1) |
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219 | (2) |
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The effect of rescission by the builder |
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221 | (4) |
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222 | (1) |
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Instalments due but unpaid |
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222 | (2) |
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224 | (1) |
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225 | (1) |
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225 | (2) |
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227 | (3) |
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230 | (9) |
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231 | (1) |
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The Japanese builder's risks insurance clause |
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232 | (1) |
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The ILU clauses for builder's risks |
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232 | (4) |
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The Nordic Marine Insurance Plan |
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234 | (1) |
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234 | (1) |
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235 | (1) |
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236 | (1) |
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236 | (1) |
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237 | (1) |
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Delayed delivery/cancellation insurances |
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238 | (1) |
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Article XIII Dispute and arbitration |
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239 | (14) |
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Standard form arbitration provisions |
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241 | (1) |
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241 | (1) |
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241 | (1) |
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Technical and non-technical arbitrations |
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241 | (4) |
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242 | (1) |
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243 | (2) |
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Arbitration proceedings in London |
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245 | (5) |
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The constitution of the arbitration tribunal |
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245 | (1) |
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Jurisdiction and separability of the arbitration agreement |
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246 | (1) |
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246 | (1) |
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246 | (1) |
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Agreements to waive the right to appeal |
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247 | (1) |
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248 | (1) |
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Other standard provisions |
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248 | (1) |
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Enforcement of arbitration awards |
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249 | (1) |
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250 | (1) |
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Parallel proceedings and anti-suit injunctions |
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250 | (1) |
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Alternative Dispute Resolution |
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251 | (2) |
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Article XIV Right of assignment |
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253 | (9) |
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General principles relating to assignment |
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254 | (4) |
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254 | (1) |
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254 | (1) |
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3 Conditional assignments |
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255 | (1) |
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4 Prohibitions upon assignment |
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255 | (2) |
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5 "Consent not to be unreasonably withheld" |
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257 | (1) |
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The Contract (Rights of Third Parties) Act 1999 |
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258 | (1) |
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Shipbuilding Contract Assignments |
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259 | (2) |
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261 | (1) |
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261 | (1) |
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Article XV Taxes and duties |
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262 | (1) |
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Article XVI Patents, trademarks, copyrights etc. |
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263 | (2) |
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Property in plans, drawings, etc. |
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264 | (1) |
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Article XVII Buyer's supplies |
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265 | (5) |
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Offshore construction contracts |
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268 | (2) |
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270 | (2) |
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Article XIX Effective date of contract |
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272 | (9) |
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Conditions precedent and subsequent |
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272 | (1) |
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Conditions and contractual obligations |
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273 | (1) |
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Conditions precedent and subsequent in shipbuilding contracts |
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273 | (1) |
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Reliance upon effective date provisions |
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274 | (5) |
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279 | (2) |
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Article XX Interpretation |
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281 | (8) |
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281 | (2) |
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282 | (1) |
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282 | (1) |
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283 | (1) |
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283 | (6) |
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"Non-reliance" provisions |
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284 | (2) |
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Express exclusions of liability for misrepresentation |
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286 | (1) |
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General principles of interpretation applicable to shipbuilding contracts |
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287 | (2) |
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Article XXI Sundry provisions |
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289 | (10) |
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290 | (1) |
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Other typical shipbuilding contract terms |
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291 | (8) |
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291 | (1) |
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II Termination for the buyer's convenience |
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292 | (1) |
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III Environmental protection |
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293 | (1) |
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IV Anti-bribery and corruption |
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294 | (1) |
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295 | (1) |
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VI Exclusions and limitations of liability |
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296 | (3) |
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PART 4 AGREEMENTS ANCILLARY TO THE SHIPBUILDING CONTRACT |
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299 | (26) |
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299 | (1) |
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II Guarantees issued on behalf of the builder |
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300 | (18) |
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301 | (6) |
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307 | (1) |
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308 | (1) |
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The enforceability of the builder's guarantees |
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309 | (1) |
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(a) The Statute of Frauds 1677 |
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310 | (1) |
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311 | (1) |
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(c) The requirement of disclosure |
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311 | (2) |
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(d) The effect of variations to and breaches of the underlying contract |
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313 | (4) |
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Legal proceedings to prevent payment |
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317 | (1) |
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III Guarantees issued on behalf of the buyer |
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318 | (2) |
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318 | (1) |
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319 | (1) |
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320 | (1) |
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V Contract and refund guarantee assignments |
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321 | (1) |
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322 | (3) |
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PART 5 SHIP CONVERSION CONTRACTS |
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325 | (8) |
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I The distinctive features of the conversion project |
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325 | (2) |
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II The nature of the conversion contract |
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327 | (1) |
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III The key terms of the conversion contract |
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327 | (6) |
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327 | (1) |
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328 | (1) |
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329 | (1) |
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329 | (1) |
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330 | (1) |
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330 | (1) |
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Risk of loss and insurance |
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330 | (1) |
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330 | (1) |
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331 | (2) |
| Appendix A Bimco Standard New Building Contract (Newbuildcon Form) |
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333 | (44) |
| Appendix B Institute Clauses For Builders' Risks |
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377 | (12) |
| Index |
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389 | |
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