The development of knock-for-knock clauses in the last 15 yearsNoussia, K. and Bolourian, H. (2023) The development of knock-for-knock clauses in the last 15 years. In: Svendsen, K., Stavang, E. and Gordon, G. (eds.) Knock-for-Knock Indemnities and the Law: Contractual Limitation and Delictual Liability. Routledge, London.
It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.4324/9781003206798 Abstract/Summary“Knock-for-knock” clauses or indemnities (hereinafter K4K) form part of the liability allocation model frequently found in contracts for the oil and gas industry. Historically, K4K indemnity principles have provided certainty and clarity as to the responsibilities and liabilities of the parties from a risk and insurance perspective. In these arrangements, each party obtains insurance, or self-insures, against the risks related to injury to its personnel or damage to its property. This chapter provides a historical overview of the concept of K4K clauses, and of the evolution of their meaning and functionality in the sectors of shipping and oil and gas. It also specifically explores their historical application in high-risk offshore drilling operations, whereby such clauses have been used to protect both contractors and clients from exposure to complex liability.
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