ShIp BuIldIng Contract

A shipbuilding contract is a legally binding agreement between a ship yard and a ship owner, in which the shipyard agrees to build a vessel for the shipowner. The contract includes details about the exact specifications required. The contract also typically stipulates the price, delivery date, and other terms and conditions.

By using a shipbuilding contract, ship yards and ship owners gain a good understanding of the roles and responsibilties under the contract. This translates to a diminished chance of legal complaints. However, if complaints need to be supported, the contract provides the specific details to prove or deny them.

Common Sections in Shipbuilding Contracts

Below is a list of common sections included in Shipbuilding Contracts. These sections are linked to the below sample agreement for you to explore.