Energy Efficiency Clauses In Charter Party Agreements

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    Energy Efficiency Clauses in Charter Party Agreements
    Legal and Economic Perspectives and their Application to Ocean Grain Transport
    By: George Adamantios Psarros
    Publisher:
    Springer
    Print ISBN: 9783319502649, 3319502646
    eText ISBN: 9783319502656, 3319502654
    Copyright year: 2017
    Format: PDF
    Available from $ 139.00 USD
    SKU 9783319502656
    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 process radically.
     

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