08.06.2022

ENERGY EFFICIENCY CLAUSES IN CHARTER PARTY AGREEMENTS

Energy Efficiency Clauses in Charter Party Agreements

Author(s) George Adamantios Psarros
Publisher Springer
Date 2017
Pages 198
Format pdf
Size 3 Mb
D O W N L O A D

 

 

 

 

 

 

We all know that for the decades, the energy efficiency of the vessels has been one of the most serious concerns for both the owners and the charterers. We can say that the operational efficiency is made of the different factors, each of them pointing in one direction, and each of them shall be considered as necessary.

Traditionally, the performance of the vessel has been reflected within the associated charter party, being directly connected with the speed as well as the fuel consumption during the voyage. The idea of the authors of this volume was to provide industry with some professional insight in this regard.

The readers will find useful solutions to be applied when addressing the relevant term in their contracts, coming to the energy efficiency. The authors have included the results of the thorough analysis of the major law concepts, discussing them and applying both economic and commercial approaches.

The whole chartering process has been covered, with the focus made on the shipping industry of today. In fact, the authors have managed to brilliantly fill the existing knowledge gap, giving readers the information that was quite difficult to find or just not existing. It is a genuine treasure for the people engaged in the EEDI activities.

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