This document summarizes a presentation on legal risks associated with contracts for FPSO conversion projects. It discusses the key components of an FPSO, the various contracts involved in an FPSO conversion including modules design, heavy lift, floating crane operations, and module fabrication. It presents a legal risk matrix and identifies "invisible" legal risks like poor contract advice. It then outlines the sequence of loading out modules from fabrication to installation on the FPSO and stresses the importance of having a project execution plan that identifies the key players and their roles for each stage of the process.

1. FPSO CONVERSION
Legal Risks in Associated Contracts
David Seah, LL.B London
david@shipyardlawyer.com
www.shipyardlawyer.com
22 April 2015
6th Annual FPSO POST CONFERENCE WORKSHOP

2. David Seah

3. Introduction
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4. Imagine…
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5. Topside Modules
Production
Power Generation
Process System
Stabilization &
Utilities
Gas Compression
FPSO - Main Components
Topside
Modules
Main Deck &
Helipad
Equipments &
Machineries
HVAC, Pipes, E
& I System
Turret & Mooring
S Systems
Accommodation
Topside
Modules
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6. Gearing Up For Success
Project
Execution
Plan
Legal Risk
Matrix
Operation Plan
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7. Trivia Questions
1. How many key players are involved in a typical load
out operation?
2. Who are they?
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8. OWNER
Marine
Warranty
Surveyor
Heavy Lift
Consultant
Module
Designer
Shipyard
Modules
Fabricators
Floating
Crane
Barge &
Tugs
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9. Legal Risk Matrix
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10. “Every battle is won
BEFORE it is fought”.
Sun Tzu
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11. Associated Contracts
Main FPSO
Conversion
Modules Designers
Heavy-Lift
Consultants
Floating Crane
Operators
Modules Fabricators
Tug and Barge
Charterparty
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13. “Invisible” Legal Risks
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14. Interactive Activities
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15. Recap of Invisible Legal Risks
Risk 1 - Mediocre legal advise or amateur contracts
Risk 2 - Internal contracting guidelines
Risk 3 - Mismanagement of communications
Risk 4 - Record Keeping
Risk 5 - Management of Disputes
Risk 6 – Litigation Readiness
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16. BLIND SPOT
Check
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17. Load Out Sequence & Legal Risks
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18. Modules Fabricators fabricates and brings the modules to the
quayside at its yard (Point A).
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19. Floating crane lift modules from the Modules Fabricators’
wharf and load them on a Barge.
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20. Lashing and sea fastening of the modules on the Barge.
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21. Tug boats tow the Barge via sea transportation from Point
A to FPSO at Point B.
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22. Upon arrival at alongside the4 FPSO at Point B – unweld sea
fastening and prepare for offloading.
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23. Floating Crane lifts modules in sequent onto the FPSO.
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24. Project Execution Plan
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25. Key Players
Pre-
Qualification
Work Scope
Load Out
Operation
Who What How When
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26. David Seah David Seah

27. Introduction
Legal Risks
Matrix
Invisible Legal
Risks
Load Out
Sequence &
Legal Risk
Project
Execution Plan
1
2
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5
Recap on Today’s Agenda
David Seah

28. David Seah, LL.B London
david@shipyardlawyer.com
www.shipyardlawyer.com
22 April 2015