IMCA general contracting principles
- Informative Guidance
- Revision 4.1 - February 2017
This document provide guidelines and principles to improve performance and ensure fair risk allocation in marine contracting projects.
Contents
Introduction
Company Group and Contractor Group Property and Personnel
Project Works (including both Company and Contractor Supplied Items)
Pollution
Third Parties
Consequential Losses
Gross Negligence and Wilful Misconduct
Warranty Obligations
Limitation of Liabilities
Minimum Insurance Requirements
Force Majeure and Suspension
Delay
Variation Orders
Free Access to Work Site
Intellectual Property Rights
Termination by Company for Convenience
Company’s Obligation to Pay Contractor
Extraordinary Risk
Anti-Corruption
Appendix 1 – IMCA Competition Law Compliance Policy (IMCA LCIC001)
Revision
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Rev. 4.1 - June 2024Page 2, template and bookmarking updated; no change to content
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Rev. 4 - February 2017To add a new clause defining gross negligence and wilful misconduct and the updated principle on anti-corruption
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Rev. 3 - December 2015To include the updated IMCA competition law compliance policy
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Rev. 2 - November 2014To include 17th principle on anti-corruption
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Rev. 1 - May 2011To include 16th principle on extraordinary risk
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Rev. 0 - February 2005Initial publication