Master Service Agreement
Institutional Compliance
Governing the safe movement of heavy assets and the professional management of global energy supply chains.
1. Operational Scope & Rigging Standards
All rigging, lifting, and cargo operations are performed under strict international safety standards (including LOLER and OSHA). By engaging our services, you acknowledge:
Load Verification: Clients must provide certified weight data for all heavy-lift cargo.
Safety Halt: We reserve the right to suspend operations if wind or sea states exceed safety thresholds.
Equipment: All gear is subject to pre-operational inspection and maintains valid 3rd-party certification.
2. Cargo Handling & Demurrage
Our supply chain protocols ensure efficiency. The following timing and storage rules apply:
Demurrage: A daily fee applies to cargo not cleared from staging areas within 72 hours.
Stowage: The Company determines the safest method of securing cargo on all transport vessels.
HAZMAT: Hazardous materials must be declared 48 hours in advance with valid MSDS docs.
3. Insurance & Maritime Liability
Liability for logistics and rigging is governed by the following institutional limits:
Force Majeure: We are not liable for delays caused by extreme weather, port strikes, or geopolitical instability.
Limit: Liability is calculated based on standardized SDR (Special Drawing Rights) per kilogram.
Consequential: The Company is not liable for indirect losses or offshore production downtime.
4. Global Compliance & Anti-Corruption
We enforce strict adherence to international trade laws and energy sector regulations:
Anti-Bribery: Zero tolerance for violations of the UK Bribery Act and US FCPA protocols.
Sanctioned Parties: We do not serve entities or vessels listed on international sanction watchlists.
Environmental: All operations strictly adhere to MARPOL standards for pollution prevention.
5. Financial Terms & Lien Rights
Payment for services is subject to these institutional financial terms:
Payment: Invoices are due Net-30 from the Bill of Lading date unless negotiated.
Lien: The Company maintains a lien on all goods for all sums due from the Customer.
Fuel: We reserve the right to apply a Bunker Adjustment Factor based on oil price volatility.