Practical and legal aspects of the oil terminal construction
The author considers the practical and legal aspects of the oil terminal construction, identifying the most important problems of legal regulations in this area. With the help of a comprehensive analysis of possible options to address them, this paper studies the most common patterns of counterparties' behaviour. Considerable attention is paid to the construction project assessment and its division into phases. The author examines the entire production process -from concept and front-end engineering design (FEED) to construction completion and acceptance of the facility, including international practice in this area.