This research examines the effect of recent developments in the offshore oil and gas industry, in particular the wave of insolvencies and corporate rehabilitations arising out of persistent low oil prices, on the efficacy of knock-for-knock provisions generally found in offshore construction contracts, towage contracts, and charterparties, in managing, allocating and underwriting risks. The research considers the need for revision to the industry standard provisions and the imperative for legislative reform in jurisdictions, such as Singapore, where there is a large offshore oil and gas exploration and extraction sector.

Working Paper

• “Effects of Recent Insolvencies in the Offshore Oil and Gas Industry on the Efficacy of Knock-for-Knock Provisions”, (2018) CML Working Paper Series, CML-WPS-1802

This project has concluded.