Energy Efficiency Clauses in Charter Party Agreements Legal and Economic Perspectives and Their Application to Ocean Grain Transport |
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| Author:
| Psarros, George Ad |
| Series title: | Springer Series on Naval Architecture, Marine Engineering, Shipbuilding and Shipping Ser. |
| ISBN: | 978-3-319-50264-9 |
| Publication Date: | Dec 2016 |
| Publisher: | Springer
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| Book Format: | Hardback |
| List Price: | AUD $290.95 |
Book Description:
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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...
More DescriptionThis 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.