• English
    • Norsk
  • English 
    • English
    • Norsk
  • Administration
View Item 
  •   Home
  • Det juridiske fakultet
  • Nordisk institutt for sjørett
  • Nordisk institutt for sjørett
  • View Item
  •   Home
  • Det juridiske fakultet
  • Nordisk institutt for sjørett
  • Nordisk institutt for sjørett
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

International EPC standard contracts - from dispute settlement of a real case to establishment of a new contract standard for the client

Knutsen, Morten
Master thesis
View/Open
The file is restricted (More info)
thesis.pdf (79.33Kb)
Year
2009
Permanent link
http://urn.nb.no/URN:NBN:no-23491

Metadata
Show metadata
Appears in the following Collection
  • Nordisk institutt for sjørett [273]
Abstract
Company A and company B enters into an EPC contract for the supply, installation and commissioning of a process plant. During the execution phase they encounters several problems such as delays and extra costs due to changes and increases in scope.

The contract is based on Orgalime SE01 with modifications taken from NTK05 as to how to handle variations and the criteria for delivery. In the discussions in order to find the most probable outcome, one of the challenges has been to determine which exact contractual regulation is applicable to the subject matter, as the modifications that have been made, have not made use of the entire regulation from NTK, but only parts of it.

Through a cost-income and project valuation analysis, it is determined which elements which has contributed to the largest decreases in contract value and it is shown that Orgalime is very contractor-friendly as concerns interests on late payments which is even far above the contractor s cost of capital.

In order to establish a new contract document for the contractor to use on similar projects internationally, an analysis has been made of excisting internationational standards for EPC contracts, where a comparative analysis between FIDIC Silver Book and Orgalime Turnkey Contract has been made. It was found, not unexpectingly, that the Orgalime Turnkey Contract is much more contractor-friendly than the FIDIC alternative.

There is made a detailed analysis of the Orgalime Contract with a set of proposed changes based on the experience from the previous projects. Since the Orgalime Contract is already quite contractor-friendly, only modifications considered as essential or which not scare off the buyer has been proposed.
 
Responsible for this website 
University of Oslo Library


Contact Us 
duo-hjelp@ub.uio.no


Privacy policy
 

 

For students / employeesSubmit master thesisAccess to restricted material

Browse

All of DUOCommunities & CollectionsBy Issue DateAuthorsTitlesThis CollectionBy Issue DateAuthorsTitles

For library staff

Login
RSS Feeds
 
Responsible for this website 
University of Oslo Library


Contact Us 
duo-hjelp@ub.uio.no


Privacy policy