Energy Efficiency Clauses in Charter Party Agreements [electronic resource] : Legal and Economic Perspectives and their Application to Ocean Grain Transport / by George Adamantios Psarros.
By: Psarros, George Adamantios [author.].
Contributor(s): SpringerLink (Online service).
Material type: BookSeries: Springer Series on Naval Architecture, Marine Engineering, Shipbuilding and Shipping: 3Publisher: Cham : Springer International Publishing : Imprint: Springer, 2017Edition: 1st ed. 2017.Description: XXXVII, 175 p. 111 illus., 17 illus. in color. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783319502656.Subject(s): Industrial Management | Energy policy | Energy and state | International law | Trade regulation | Game theory | Industrial Management | Energy Policy, Economics and Management | International Economic Law, Trade Law | Game TheoryAdditional physical formats: Printed edition:: No title; Printed edition:: No title; Printed edition:: No titleDDC classification: 658.5 Online resources: Click here to access onlineIntroduction -- Qualitative Part -- Quantitative Part -- Epilogue.
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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