In this edition of the bulletin we review the Polar Code, which is expected to come into force on 1 January 2017. This code will be mandatory and will apply to new vessels constructed on or after that date. Older vessels will be required to meet the code by their first intermediate or renewal survey (whichever comes first) after 1 January 2018.
We then review an English Court of Appeal case which concerned an industry standard for offshore wind turbines, which was wrong and, as a result, the 20 year design warranty provided was impossible to meet. The cost to rectify the problems was €26.25 million.
There is an increasing trend in England and elsewhere to regulate the offshore industry as a result of the Deepwater Horizon tragedy. In this respect we consider two new regulations which implement the EU Safety of Offshore Oil and Gas Operations Directive. The two regulations concern:
The obligation on the owner/operator to prepare a “safety case”.
The granting and transfer of licences for offshore petroleum operations.
Finally we consider the conclusion of the Deepwater Horizon litigation in Texas between BP and Transocean (sometimes referred to as Ranger Insurance).
If you require any further information or assistance on any of the issues raised in this edition, please do not hesitate to contact any of the contributors or your usual contact at HFW.
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