Ship&Offshore | Issue 02/2014
Improving charter party practice
WHITE PAPER High fuel costs, coupled with environmental concerns, give shipowners ample justification to continue improving fuel efficiency and reducing CO2 emissions. In addition to embracing sophisticated technologies developed in recent years, the shipping industry should rethink its approach to charter party practice, writes Jeppesen’s chief naval architect, Henry Chen, in his white paper “Proposal for Improving Charter Party Practice”, a shortened and edited version of which follows.