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Explain the main features of the Shipbuilders Association of Japan (SAJ) standard shipbuilding contract paying particular attention to the rights and obligations of the parties.

Explain the main features of the Shipbuilders Association of Japan (SAJ) standard shipbuilding contract paying particular attention to the rights and obligations of the parties. In your answer, detail to what extent, if at all, does the SAJ differ from NEWBUILDCON standard shipbuilding contract.

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