Standard Forms of Contract
Shipbuilding contract are constructed within the framework of standard contract forms amended by the contractual parties to meet their particular requirements. The choice of form will be based on the influence of trade association which the builders belong to.
Principal Form
- SAJ Form
It is published by the Shipbuilders’ Association of Japan in January 1974 and the framework of this form is commonly used in South Korea, China, Singapore and Taiwan. - AWES Form
It is the standard shipbuilding contract of the Association of European Shipbuilders and Shiprepairers which revised and reissued in May 1999.
National Form
- The Norwegian Shipowners’ Association and Norwegian Shipbuilders’ Association
- MARAD Form (The Maritime Administration of the United States Department of Commerce)
It is used in relation to American newbuildings financed under Federal Ship Financing Program authorized by Title XI of the Merchant Marine Act 1936.
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