Definition(s)
Contract
Documented agreement which specifies the terms of the inspections to be performed.
Source: API RP 5A5, Field Inspection of New Casing, Tubing, and Plain-end Drill Pipe, Reaffirmed August 2010. Global Standards
Contract
Contract includes an arrangement or understanding.
Source: Offshore Petroleum and Greenhouse Gas Storage Act 2006, Australia, amended 2012. Legislation
Contract
The specific agreement between DNV GL and the customer
It defines the extent of services requested by the customer, and is concerned with:
— the classification of vessels or installations, both new buildings and in operation
— statutory work carried out on behalf of national maritime authorities
— equipment and materials.
Source: Rules for Classification – Offshore units, DNVGL-OU-0101, Offshore drilling and support units, DNV GL, July 2015. Global Standards
Contract(s)
An agreement between two parties by which both are bound in law.
Source: IOGP Report No. 510, Operating Management System Framework for controlling risk and delivering high performance in the oil and gas industry, International Association of Oil & Gas Producers, June 2014. Global Standards