Page 19 - Ship Construction.DJ Eyres 6Ed

Ch01-H8070.fm Page 8 Wednesday, October 18, 2006 6:51 AM
8 Ship Construction
The CESA standard form of contract includes:

1. Subject of contract (vessel details, etc.)
2. Inspection and approval
3. Modifications
4. Trials
5. Guarantee (speed, capacity, fuel consumption)
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6. Delivery of vessel
7. Price
8. Property (rights to specifications, plans etc. and to vessel during
งานห้องสมุด ศูนย์ฝกพาณิชย์นาวี
construction and on delivery)
9. Insurance
10. Default by the purchaser
11. Default by the contractor
12. Guarantee (after delivery)
13. Contract expenses
14. Patents
15. Interpretation, reference to expert and arbitration
16. Condition for the contract to become effective
17. Legal domicile (of purchaser and contractor)
18. Assignment (transfer of rights) ึ
19. Limitation of liability

Irrespective of the source of the owner’s funds for purchasing the ship
payment to the shipbuilder is usually made as progress payments that are
stipulated in the contract under item 7 above. A typical payment schedule
may have been five equal payments spread over the contract period but in
recent years payment arrangements advantageous to the purchaser and
intended to attract buyers to the shipyard have delayed a higher percentage of
payment until delivery of the ship. The payment schedule may be as follows:

10 per cent on signing contract
10 per cent on arrival of materials on site
10 per cent on keel laying
20 per cent on launching
50 per cent on delivery

Of concern to the shipbuilder employing modern building procedures is
item 3 in the standard form of contract where modifications called for at a
late date by the owner can have a dramatic effect on costs and delivery date
given the detail now introduced at an early stage of the fabrication process.
Item 3 also covers the costs and delays of compulsory modifications result-
ing from amendment of laws, rules and regulations of the flag state and
classification society.