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BIMCO PUBLISHES STANDARD OFFSHORE DECOMMISSIONING CONTRACT

Thursday, May 16, 2019 

BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process.

The contract - Dismantlecon – will be released at the end of June along with guidance notes. The use of the contract is not limited to one particular type of facility or operation but can be used for removal of any offshore field architecture in the oil and gas sector. This includes pipelines, mattresses, manifolds, jackets, topsides, platforms and monopile structures, and for structures used in the renewables sector. The contract is not intended to cover disposal of the facility or Plug & Abandonment (P&A) work.

“Dismantlecon is a marine services contract designed to appeal equally to the party requiring removal of the structure and the marine contractors whose services they use. It fairly represents the interests of both parties by providing a balanced set of terms and conditions,” said Kees de Looff, Contracts Manager of Van Oord Marine Contractors, who chaired the project.

“Dismantlecon is a simple template contract that can be amended and adapted to meet the needs of contract partners. It is designed to be scalable and can therefore be used for small to medium sized projects as well as for larger and more complex ones,” said Grant Hunter, BIMCO’s Head of Contracts and Clauses.

For ease of use, the operational details are set out in twelve additional annexes. The contract has been written by a group of key stakeholders including marine service providers, marine contractors, P&I and legal experts. The International Marine Contractors Association (IMCA) and the International Salvage Union (ISU) were represented, and guidance on insurance has been provided by a leading insurance broking and risk management company. Lastly, valuable input has been provided by a representative of an oil major co-opted on to the subcommittee.

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