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A Comprehensive Guide to the SAJ Shipbuilding Contract Form
"The SAJ (Shipbuilders' Association of Japan) form is a standardized contract template used globally for the construction of new vessels. Originally published in 1974, it remains the most influential "builder-friendly" framework in the maritime industry, particularly for projects in Asian shipyards, governing everything from technical specifications and payment milestones to delivery protocols and dispute resolution. For decades, the SAJ form has served as the bedrock of international maritime commerce. While other forms like BIMCO’s NEWBUILDCON provide a more "balanced" approach between the buyer and the builder, the SAJ form is favored by sh..."
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