diff --git a/start_ocean.sh b/start_ocean.sh
index 17813d7..b0439e8 100755
--- a/start_ocean.sh
+++ b/start_ocean.sh
@@ -31,7 +31,7 @@ COMPOSE_DIR="${DIR}/compose-files"
 export AQUARIUS_VERSION=${AQUARIUS_VERSION:-v4.2.0}
 export PROVIDER_VERSION=${PROVIDER_VERSION:-v1.3.4}
 export SUBGRAPH_VERSION=${SUBGRAPH_VERSION:-v2.1.0}
-export CONTRACTS_VERSION=${CONTRACTS_VERSION:-v1.1.4}
+export CONTRACTS_VERSION=${CONTRACTS_VERSION:-v1.1.7}
 export RBAC_VERSION=${RBAC_VERSION:-next}
 
 export OPERATOR_SERVICE_VERSION=${OPERATOR_SERVICE_VERSION:-oceanprotocol/operator-service:v4main}