We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

1 Introduction

Refund Guarantees




1.1 It is a common feature of shipbuilding projects and contracts that the purchase price will be paid by the buyer to the builder in instalments against certain milestone events. Typically a shipbuilding contract may require payments to be made upon (1) signing the contract or lifting board approvals; (2) steel cutting; (3) keel-laying; (4) launching; and (5) delivery, although the amount and number of instalments will vary from contract to contract.1

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.