Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


The International Marine Contractors Association (IMCA) has published a standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk.
 
Building on the release of IMCA’s Contracting Principles in January 2023, its publication comes on the heels of an IMCA-led campaign for an industry-wide discussion on sustainable contracting in offshore wind. IMCA’s standard T&I contract follows the ‘FAIR’ contracting principles, developed by IMCA’s Legal, Contracts, Insurance & Compliance (LCIC) Committee, which encourage an equitable allocation of risk. These propose that contracts should be:
 
  • Fair – with a realistic allocation of risk in proportion to relative rewards.
  • Appropriate – with a distribution of risk to the best placed party.
  • Insured – have sufficient scope of cover.
  • Reasonable – avoid duplicate risk assumptions and minimise the potential for disputes.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.