Asdem is regularly brought in as an expert advisor on contract audits, drafting and reviews. Disputes and financial losses still happen too often because outdated or unsuitable charterparties, sale and purchase contracts or general terms and conditions are being used.
Good contracting protocols and procedures allow traders and shipowners to work commercially whilst understanding what’s crucial to retain in their contract, how to incorporate favourable terms, how to limit or extend liability and what the risks are when commercial pressures demand variations or alternative clauses.
Standardisation of contracting frameworks also allows delegation of negotiations to more junior staff.
