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  The ABC's of MSA's by Larry DeMarcay

June 1st, 2011

Our industry is unique in that the operation of a vessel, offshore installation or a shipyard requires the hiring of numerous specialists that are needed on an “on again / off again” basis, often on a moment’s notice.  Under these conditions, there is almost never an adequate amount of time to locate a vendor, negotiate terms, make the logistical arrangements and get the work done.  Thus, companies often enter into Master Service Agreements (MSAs) with contractors that they may have a need to use.

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