Current charter party agreements rely on static ship descriptions, creating commercial inefficiencies and impeding the industry’s decarbonization efforts.
But traditional charter party frameworks aren’t designed for the demands of modern commercial shipping.
In this webinar, we take a closer look at the limitations of current approaches to charter parties, and the impact they’re having on our industry.
We’ll then look at what can be done to make charter parties fairer for owners and charters and help reduce carbon emissions. We’ll discuss how charter party frameworks can be redesigned around dynamic ship descriptions that take advantage of the latest advances in machine learning and sensor data. We’ll talk about what this could look like, and how a new approach to charter parties can result in a collaborative relationship between ship owners and charterers that will drive mutually beneficial commercial and environmental outcomes.