![]() ![]() “AFFILIATE” shall mean any subsidiary or parent or holding company of any company or any other subsidiary of such parent or holding company. Further definitions not contained in this Clause shall apply to the Section in which they are stated and subsequent Sections. General Conditions of Contract for Services (On– and Off-shore) Part 1 – General Conditions of ContractĬONTRACTOR TO INFORM COMPANY/COMPANY TO INFORM CONTRACTORĮxtent of Exclusion or Limitation of LiabilityĪPPENDIX 1 TO SECTION I – FORM OF AGREEMENTĭEFINITIONS The following definitions shall be used for the purpose of interpreting the CONTRACT. Offshore Oil and Gas Industry General Conditions of Contract (including Guidance Notes) for Services (On– and Off-shore) Further information about LOGIC can be obtained on the website where these model contracts are also available. CRINE is a wholly owned subsidiary of LOGIC. LOGIC currently has two main activities, namely providing Supply Chain consultancy and advice and stimulating and leading greater industry collaboration. ![]() Sustain UKCS activity: to enable - discoveries to become economic and thus developed - prospects to become economic and thus drilled - field lives to be extended - the maximisation of economic recovery of reserves Increase export potential and international competitiveness by helping the industry to embrace new ways of working and contracting, supply chain improvements, utilisation of innovative technology and industry-wide cooperation. LOGIC became fully operational during 20000 and its strategic objectives are to: LOGIC is a separate company with its own Board of Directors consisting of representatives from the founding industry organisations, such as the DTI, UKOOA and five leading trade organisations (UKOOA, OCA, IADC, EIC and IMCA). The prime task of LOGIC is to lead the improvement of competitiveness of the UK oil and gas industry. In 1999, the UK Oil and Gas Industry Task Force (OGITF) proposed a number of new initiatives, one of which was LOGIC (Leading Oil and Gas Industry Competitiveness). In the course of this a number of initiatives were established, one of which was to introduce model contract documents for use in the industry. This evolved into CRINE Network which was supported by the UK oil and gas exploration and production industry with the added objective of increasing the global competitiveness of its participants. CRINE was founded in 1992 as a cost reduction initiative to reduce the capital costs of developing oil and gas fields by some 30% in the face of low oil prices. The first editions of these model contracts were published in 1997, as “CRINE” contracts. #Crine general conditions of contract edition 1 seriesBackground This contract is part of a series of different models – “Standard Contracts for the UK Offshore Oil and Gas Industry”. ![]()
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