Common Contracts
1 similar Stockholm Agreement contracts
The Ship Stability Research Centre (SSRC), Dept of Naval Architecture and Marine Engineering, The Universities of Glasgow and Strathclyde, UKStockholm Agreement • March 21st, 2008
In anticipation of the forthcoming new harmonised probabilistic damage stability regulations during a period when existing deterministic instruments are still being enforced, namely SOLAS ’90 (globally) and Stockholm Agreement (in Europe), questions concerning multi-instrument compliance in newbuilding projects are being raised by industry and regulators alike. These are fuelled by uncertainties concerning the derivation of the SOLAS 2009, lack of experience in their implementation, but more importantly by the determinism that has prevailed in the industry to this date. The argument of mixing “oranges” and “lemons” when it comes to combining probabilistic and deterministic rules has given the impetus to writing this paper, aiming to demonstrate that the argument has no relevance, as both sets of regulations address statistical damages to a lesser or fuller extent.
