Energy Efficiency Clauses in Charter Party Agreements
Legal and Economic Perspectives and their Application to Ocean Grain Transport
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Beschreibung
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.
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.
Gives practical insights into the legal and economic principles underpinning energy efficiency Presents new solutions for modernizing the chartering process Shows practical applications in maritime transport Includes supplementary material: sn.pub/extras
Autor*in
George Adamantios Psarros
Themen in »Energy Efficiency Clauses in Charter Party Agreements«
Energy Efficiency Investment Sharing Scheme Dry Bulk Shipping Chartering Negotiations Principal‐Agent Problem Bargaining Freight And Hire Rates Revenue Performance Of A Vessel Time Charter Contracts Enhancing Environmental Performance Incentive Mechanism Design Voyage Charter Contracts Trip Charter Contracts Game Theory In Charter Parties Engineering Economics