General Conditions of Contract for Shipbuilding

General Conditions of Contract for Shipbuilding are the standard rules and guidelines that govern the agreements between shipbuilders and ship owners. They outline the responsibilities, rights, and obligations of each party throughout the construction process. This includes aspects like payment schedules, timelines for completion, quality standards, and procedures for handling disputes. By establishing clear expectations, these conditions help prevent misunderstandings and ensure that the ship is built to specified requirements, protecting both the buyer and the builder during the contract period.