Cover image for Energy Efficiency Clauses in Charter Party Agreements Legal and Economic Perspectives and their Application to Ocean Grain Transport
Title:
Energy Efficiency Clauses in Charter Party Agreements Legal and Economic Perspectives and their Application to Ocean Grain Transport
Author:
Psarros, George Adamantios. author.
ISBN:
9783319502656
Edition:
1st ed. 2017.
Physical Description:
XXXVII, 175 p. 111 illus., 17 illus. in color. online resource.
Series:
Springer Series on Naval Architecture, Marine Engineering, Shipbuilding and Shipping, 3
Abstract:
This book provides practical solutions for addressing energy efficiency as a clause term within a charter party contract. For this, upon a reflection of the regulatory craft, it analyzes key concepts of case law, and discusses them together with commercial and economic principles. In this way, the book aims at offering a comprehensive, interdisciplinary view of the chartering process, together with a new approach for safeguarding energy efficiency investments. A special emphasis is given to the maritime industry. Here, the newly developed framework, based on game theory, has been successfully applied to demonstrate the importance of including a clause term in contract negotiation to achieve protection against both an uncertain market and an even more challenging shipping environment. The book not only fills a gap in the literature, covering a topic that has been largely neglected to date, yet it offers researchers and practitioners extensive information to change the chartering processradically.
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