Offshore Floating Production
Page 171
CHAPTER 11
Termination
A Introduction
11.1 Most FPSO contracts are, as we have already stated, long-term contracts running over many years. This contractual time frame can affect how the parties approach a dispute. Often the parties may prefer to settle their differences to keep lucrative, bespoke contracts alive rather than litigate. The situation may be compared with that of long-term LNG time charters, which are notoriously dispute proof.