WRECKSTAGE 2024 is a standard wreck removal and services agreement based on payment of a lumpsum in stages. The revised agreement introduces a Risk Allocation Procedure which allows parties to utilise Quantitative Risk Assessment or other bespoke risk allocation during the contracting process and incorporate it into the agreement.
WRECKSTAGE was first published in 1993 and revised in 1999, 2010 and 2024.
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