Knock-for-knock liability in the offshore wind farm sector: why is it important and what issues do you need to be aware of?
By Chris Kidd
Conducting construction, operations and maintenance offshore poses a large number of challenges for developers, operators and contractors. Typically, there are many parties involved, very large sums of money at stake and constantly evolving and therefore potentially dangerous work environments to contend with. As a result, the allocation of risk between the parties is a fundamental issue for consideration at the outset of contract negotiations. In the offshore oil and gas sector, the ‘knock-for-knock’ regime has been tried and tested for decades. In the burgeoning offshore wind farm sector, although many parties are keen to contract on a knock-for-knock basis, there has been and remains resistance from some.
This article explores the history and development of the knock-for-knock regime, highlights the key advantages of it and looks at some important issues that parties should be aware of when drafting their contracts. In doing so, it is hoped that this article will serve to explain the benefits of knock-for-knock and why it is likely to remain of importance for wind farm construction and operation activity…
Click on the link below to read the rest of the Ince & Co briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Ince & Co
News from The Lawyer
Briefings from Ince & Co
The reasons given for contract terminations are many and varied, but in each case the fundamental motivation is generally the same.
In The Astra, Mr Justice Popplewell has concluded that payment of hire by the charterers was not a condition of the charterparty.