SHIP25 – A New Standard Form Shipbuilding Contract for a New Era

Since its launch, SHIP 2000 has become a widely used standard form shipbuilding contract, both in the Nordics and beyond. 

Over the past 25 years, however, the shipping industry has changed significantly, creating a clear need for an updated contractual framework.

In 2024, a revision project was therefore initiated. Negotiations were carried out between the Norwegian Shipowners’ Association and Nordisk Skibsrederforening, representing the shipowners' interests, and the Norwegian Shipbuilders, Norsk Industri and Wikborg Rein, representing the builders' interests. 

The result is SHIP25. Which is being launched today.

SHIP25 is not merely a facelift of SHIP 2000. Building on the solid foundations of SHIP 2000, SHIP25 responds to these developments with a modern and balanced contractual framework. It is therefore well placed to carry forward the success of its predecessor and to remain the reliable, go-to standard form shipbuilding contract for shipbuilding projects in the Nordics and beyond.

Read the joint release from Nordisk Skibsrederforening and Wikborg Rein here. 

Download SHIP25 form here