engleski

THE NEW PARADIGM OF MARITIME CONTRACT

Contract should not only be codified as a list of responsibilities and prerogatives of partners, if such, in a shipbuilding process, it should also be a reflection of commercial environment and practices and also technical and technological developments at foreseeable future. In any case has to reflect period of time not less than, projected and expected life expectancy of the vessel. Risks involved in vessels design could be shared but also the responsibility of either of the participants during the whole process. Design should be commercially viable, and at a same time be safe and reliable to operate and must conform to the rules and regulations not only currently at force but should also be able to incorporate expected changes within the projected life span of the vessel. Commercial risks are not fully controllable since closely connected with the exceedingly volatile environment but could be listed and taxed. Production and quality control risks could and should be practically eliminated by using real time shared distance control and management. Commercially viable design combined with production quality control and responsible and sustainable financing should be reflected in a new type of international standard maritime contract – ISMC.

maritime contract, commercial environment, risks, control and management

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