First offshore decommissioning contract to be published

The market for decommissioning offshore platforms is set to expand in the coming years, with new vessels being designed (such as 'Moonraker' pictured.)

A new international standard contract governing the services provided during offshore decommissioning has been developed by BIMCO and will be published at the end of June 2019. The contract is to provide a balanced set of terms and conditions for both parties in the process.

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