THE INTERNATIONALLY RECOGNISED BIMCO-ISCO RESPONSECON CONTRACTS FOR SPILL RESPONSE ARE FREE FOR YOU TO DOWNLOAD
The universal availability of, RESPONSECON represents a major advance in ensuring rapid and effective response to oil spills at sea and on land. The need for extended negotiations is eliminated. Thus, the time required for mobilization of response resources to mitigate environmental damage is very significantly reduced.
In stark contrast to the universally accepted Lloyds Open Form (LOF), the spill response industry has relied on an ad-hoc patchwork of individual arrangements and heroic efforts of the parties involved to ensure the contract negotiations did not significantly postpone mobilization.
These standard spill response agreements (available for both international and US jurisdictions) have wide application, including use for equipment and personnel or equipment-only scenarios. The contract defines general terms between response contractors and any requesting parties. Requesting parties are deliberately not confined to ship owners, but comprise government agencies, vessel owners, oil companies, pipeline operators, railway companies, port authorities, terminal managers and others with responsibility for quickly initiating response operations.
The framework works well in practice as it is very flexible, and can be amended on a case-by-case basis, depending upon the requirements for quick initiation of response operations.
RESPONSECON provides a fair balance and benefit to all concerned parties and speed response because it avoids the delays caused by need to negotiate complex contractual negotiations before mobilization can begin. Response contractors benefit from very positive cash flow implications which ensure rapid reimbursement of mobilization outlays and ongoing costs of operations. In addition, requesting parties are protected against overpayment.