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Foreword; Preface; Contents; Abbreviations; List of Figures; List of Tables; Executive Summary; Prologue; 1 Introduction; Abstract; 1.1 Preamble; 1.2 Design Energy Efficiency Contracting in Charter Parties; 1.3 Outline of the Book; 1.3.1 Aim and Objectives; 1.3.2 Research Design and Methodology; 1.3.3 Skeleton of the Book; Qualitative Part; 2 Literature Review; Abstract; 2.1 Preamble; 2.2 Design Energy Efficiency Improvements; 2.2.1 Design Energy Efficiency Specification; 2.3 Types of Charter Party Agreements; 2.4 Barriers on Implementing the Design Energy Efficiency Improvements

3 MethodologyAbstract; 3.1 Preamble; 3.2 Research Design; 3.2.1 Research Method; 4 Analysis and Findings; Abstract; 4.1 Preamble; 4.2 Initial Coding: Themes, Properties and Dimensions; 4.2.1 Themes: Time and Voyage Charters; 4.2.2 Properties: Rights and Responsibilities (Obligations) of Shippers or Charterers and Carriers or Ship-Owners; 4.2.3 Dimensions: Breaking Down Groupings Dealing with the Vessel; 4.3 Theory Building: Balancing the Interests for Design Energy Efficiency Improvements; 4.4 Focused Coding: Content Analysis of Charter Party Contracts; 4.4.1 Information Sources

4.4.2 Content Analysis4.4.2.1 Qualitative Data Organization: Main Category; 4.4.2.2 Qualitative Data Organization: Generic Categories; 4.4.2.3 Qualitative Data Organization: Sub Categories; 4.5 Revisiting the Theory from the Initial Coding; Quantitative Part; 5 Chartering Negotiations for Energy Efficiency; Abstract; 5.1 Preamble; 5.2 Theoretical Applications of Games Within Chartering; 5.3 Game Theory Model for Sharing Scheme Determination; 5.3.1 Principal-Agent Part; 5.3.1.1 Time Charter; 5.3.1.2 Voyage Charter; 5.3.2 Bargaining Part; 5.4 Energy Efficiency Investment Appraisal

5.5 Conceptualizing the Generated Knowledge6 Application-Ocean Grain Transportation; Abstract; 6.1 Preamble; 6.2 Trading Grains by Sea; 6.3 Dealing with the Inherent Uncertainties; 6.3.1 Parameter Uncertainties; 6.3.2 Uncertainty Propagation; 6.3.3 Parameter Significance of Choice; 6.4 Energy Efficiency Sharing Scheme for Handymax Vessel; 6.4.1 Time Charter; 6.4.1.1 Principal-Agent Part; 6.4.1.2 Bargaining Part; 6.4.1.3 Investment Appraisal; 6.4.1.4 Sensitivity Analysis; 6.4.2 Voyage Charter; 6.4.2.1 Principal-Agent Part; 6.4.2.2 Bargaining Part; 6.4.2.3 Investment Appraisal

6.4.2.4 Sensitivity Analysis6.4.2.5 Investment Recovery; 6.4.3 Time Charter Trip; 6.4.3.1 Principal-Agent Part; 6.4.3.2 Bargaining Part; 6.4.3.3 Investment Appraisal; 6.4.3.4 Sensitivity Analysis; 6.4.3.5 Investment Recovery; 6.5 Energy Efficiency Sharing Scheme for Panamax Vessel; 6.5.1 Time Charter; 6.5.1.1 Principal-Agent Part; 6.5.1.2 Bargaining Part; 6.5.1.3 Investment Appraisal; 6.5.1.4 Sensitivity Analysis; 6.5.2 Voyage Charter; 6.5.2.1 Principal-Agent Part; 6.5.2.2 Bargaining Part; 6.5.2.3 Investment Appraisal; 6.5.2.4 Sensitivity Analysis; 6.5.2.5 Investment Recovery

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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