ABSTRACT
It is obviously of great importance to the buyer and the builder that the agreement between them should adequately and accurately describe both the project and the vessel itself. The project having usually been defined in the preamble, the first Article of the contract normally contains a description of the vessel. This will, however, be expressed only in general terms on the basis that a more extensive definition, including details of the vessel’s machinery and equipment, will be incorporated in the specifications and the principal plans and drawings.
