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Legal Developments worldwide

Shipping Update 2/2007

October 2007 - Transport. Legal Developments by Wikborg Rein.

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Prior to the final entry into a FPSO lease contract between a contractor and a field operator, there is a long and sometimes winding road of preparations and negotiations. Decisions made and positions taken in this pre-contractual phase may have an important impact on the final risk allocation, and thereby directly and indirectly the net income of the project. The contractor should keep this in mind, as early wins could lead to later damage to the success and profitability.

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