IMCA publishes renewables contracting principlesPublications // September 25, 2015
The International Marine Contractors Association (IMCA) has published a new guide for contractors, ‘IMCA Renewables Contracting Principles,’ which can be downloaded from the safety and legislation section of its website.
“Whilst the ‘IMCA General Contracting Principles’ could be applied to this new sector, a number of issues in the renewables sector differ from general offshore activities and it was felt that these needed to be addressed in the contracts made,” said IMCA.
The principles are not intended to represent a complete analysis of all risks which are covered by contracts in the offshore renewables industry. In general, they reflect well established industry custom and practice of addressing certain risks such as the knock-for-knock indemnity regime.
“The principles are not contractual clauses. They do not in any way form a standard contract nor is their adoption mandatory,” said IMCA. “They are published as a discussion document and an aide for clients and contractors alongside their in-house standard contracts and industry published standard contracts. Each IMCA member is free to negotiate its own terms, qualify such contracts and to make use of the principles should it wish to do so in order to achieve a contract satisfactory to both parties.”