IMCA Contracting Guides
IMCA has published a variety of guides, templates and discussion documents aimed at raising awareness on contracting issues, promoting discussion and providing tools that may be useful for its contractor members, their clients and sub-contractors.
Each is published as an aide to clients and contractors alongside their in-house standard contracts and other industry publications. Every IMCA member is, of course, free to negotiate their own terms, qualify such contracts and to make use of the principles should they wish to do so in order to achieve a contract satisfactory to both parties.
IMCA CI 001 – Competition Law Compliance Policy
Click here to download.
IMCA CI 002 Rev. 4 – General Contracting Principles
A discussion document that IMCA believes will serve the long-term interests of all industry parties by encouraging an equitable contractual balance based on the respective risks and rewards. This in turn should improve relations, increase efficiency and reduce overall costs.
Risk allocation goals with the very apt acronym 'FAIR' lie at the heart. Click here to download.
IMCA CI 003 Rev. 3 – Marine Construction Contract
This standard contract for world-wide use is based on the LOGIC contract of the same name, which was published for use in the UK. It was developed by the IMCA Contracts & Insurance workgroup. It is based on English law, but this can be varied to suit users. Click here to download.
IMCA Renewables Contracting Principles
Whilst the General Contracting Principles can be applied to the renewables industry, this new document from IMCA focuses on the differing issues concerned renewables. Based on the IMCA’s risk allocation goals (FAIR), this documents has been published as a discussion document and an aide for clients and contractors alongside their in-house standard contracts and industry published standard contracts. Click here to download.
IMCA Decommissioning Contracting Principles
This is a similar document to the IMCA General Contracting Principles, published with the same aims, format and basis (FAIR) but focuses on decommissioning instead of construction. It highlights the different issues to be addressed. Click here to download.
Identifying and Assessing Risk in Construction Contracts
The handling of risk in construction contracts can vary considerably depending on the nature of the work, the operator and contractor involved, the prevailing contracting climate and a variety of external factors.
This IMCA discussion document aims to promote dialogue by addressing specific risks in seven specific areas. Click here to download.
IMCA has also published the following selection of related documents, available for downloading free of charge from this website. For further information, including how to obtain printed copies, click the 'Info' link to the right.
- IMCA R 013 Rev. 1 - Contract for the provision of ROV, support vessel and associated work (based on BIMCO Supplytime 89)
- IMCA R 017 - Contract for the provision of ROV, support vessel and associated work (based on BIMCO Supplytime 2005)
Contracts & Insurance Workgroup
The workgroup aims promote transparent dialogue, foster a wider understanding of contracts and risk management and to serve the long-term interests of all participants in the offshore energy industry by encouraging an equitable contractual balance based on parties’ respective risks and rewards, and by supporting IMCA’s goals and objectives.
The objective of the workgroup is merely to promote dialogue and a wider understanding of the benefits and efficiencies of standardised contracting principles and terms. The IMCA contracting principles and standard industry contracts are not binding. Each member is free to negotiate its own terms, qualify such contracts and make use of the principles should it wish to do so, and each member is free to enter into whatever contracts it deems to be in its own interests.
If you are interested in the workgroup, to find out more please refer to our Workgroup Charter.