Table of Contents
Preface
PART ONE: Chapter One- Nature of the shipbuilding contract
PART TWO: Chapter Two- Formation of the shipbuilding contract
PART THREE: Chapter Three- Preamble
Chapter Four- Article I - Description and class
Chapter Five- Article II - Contract price and terms of payment
Chapter Six- III - Adjustment of contract price
Chapter Seven - Approval of plans and drawings and inspection during construction
Chapter Eight- – Modifications
Chapter Nine- – Trials
Chapter Ten- Article VII – Delivery
Chapter Eleven- Article VIII - Delays and extensions of time for delivery
Chapter Twelve- Article IX - Warranty of quality
Chapter Thirteen- Article X - Rescission by buyer
Chapter Fourteen- Article XI - Buyer's default
Chapter Fifteen- Article XII – Insurance
Chapter Sixteen- Article XIII - Dispute and arbitration
Chapter Seventeen- Article XIV - Right of assignment
Chapter Eighteen- Article XV - Taxes and duties
Chapter Nineteen- Article XVI - Patents, trademarks, copyrights etc
Chapter Twenty - Article XVII - Buyer's supplies
Chapter Twenty One- Article XVIII - Notice
Chapter Twenty Two- Article XIX - Effective date of contract
Chapter Twenty Three- Article XX – Interpretation
Chapter Twenty Four- Article XXI - Sundry provisions
Chapter Twenty Five- Guarantee
Chapter Twenty Six- Other typical shipbuilding contract terms
PART FOUR: Chapter Twenty Seven- Agreements ancillary to the shipbuilding contract
PART FIVE: Chapter Twenty Eight- Ship conversion contracts
Appendix A BIMCO NEWBUILDCON FORM
Appendix B ILU Institute Clauses for Builders’ Risks