Four so-called ‘agreed’ offshore contracts have been developed and approved in Norway that introduce a new dispute resolution system. Introduced in 2005, the contracts are unique in that the negotiating parties have undertaken to make use of the contracts in their original form for all agreements entered into, within their intended range of use.
Furthermore, the contracts – Norwegian Fabrication Contract 2005 (NF 05), Norwegian Total Contract 2005 (NTK 05), Norwegian Total Contract 2005 Modification (NTK 05 MOD) and Norwegian Subsea Contract 2005 (NSC 05) – have differences between the standard forms and their intended scope of application.
