Will Ocean Infinity be paid if the MH370 wreckage is not found?

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Ocean Infinity's Payment Contingent on Finding MH370 Wreckage

Ocean Infinity will not be paid for their search efforts if the wreckage of Malaysia Airlines Flight MH370 is not found. The exploration company was hired by the Malaysian government on a "no-find, no-fee" basis. This means payment is exclusively tied to the successful discovery of the aircraft or its black boxes.
Contractual Obligation for Payment

The agreement stipulates that Ocean Infinity's compensation is entirely contingent upon locating the missing aircraft or its crucial flight recorders. This contingency is a core component of the contract, ensuring the company is only rewarded for a successful outcome in the extensive search operation. The potential reward for finding the plane or its black boxes is reported to be up to US$70 million (RM274 million).
Scope of the Search Operation

The search for MH370, which disappeared in March 2014 with 239 people on board, has been one of the most challenging and extensive in aviation history. Prior to Ocean Infinity's involvement, Australian authorities conducted a three-year search spanning 120,000 square kilometres in the Indian Ocean without success. Ocean Infinity's vessel, the Seabed Constructor, began its search on January 22 in a high-priority area identified by Australian researchers as the plane's likely resting place.
Transparency and Communication Concerns

The search operation has also faced scrutiny regarding transparency. In a notable incident, the Seabed Constructor reportedly switched off its Automatic Identification System (AIS) for three days, disappearing from tracking screens. This unexplained blackout led to calls from family members of those on board MH370 for explanations from both the Malaysian government and Ocean Infinity, highlighting the desire for clear communication throughout the sensitive operation. Following refuelling, the vessel was expected to return to the search area.

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Will Ocean Infinity be paid if the MH370 wreckage is not found?

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