IMCA renewables contracting principles

Version history:

June 2024 Rev. 3.1 – Page 2, template and bookmarking updated; no change to content

December 2022 Rev.3 – Thoroughly revised and recorded as LCIC series

March 2017 Rev. 2 – To include the definitions for gross negligence, wilful misconduct and senior supervisory personnel, and to add a revised anti-corruption clause

December 2015 Rev. 1 – To include the updated IMCA competition law compliance policy

July 2015 – Initial publication

Summary

Whilst the IMCA general contracting principles can be applied to the renewables industry, this document from IMCA focuses on the differing issues concerned renewables.

Based on the IMCA’s risk allocation goals (FAIR), this document has been published as a discussion document and an aide for clients and contractors alongside their in-house standard contracts and industry published standard contracts.

IMCA LCIC 014A was created as a new document in December 2022 to supplement IMCA LCIC 014 Rev. 3.

Contents

• Introduction and Purpose of Contracting Principles
• Terminology
• Underlying Objectives (UOs)
• General Principles
• Performance Standards/Employer Provided Information Permits
• Vessel Spreads
• Risk and Liabilities
• Employer’s Risk (Unavailability of Resources, Suspension and Termination)