Speed Deficiency in Shipbuilding Contracts From the Point of View of the Main Engine Management

Abstract

This article is related to the shipbuilding contracts and its purpose is to provide a method of calculation of the economical damages sustained by a purchaser due to the speed deficiency of the vessel delivered by the shipyard. The method is easy to be put into practice in all types of ships because it is based on the management of the main engine and does not use economical terms which may make it confusing and volatile.