Speed deficiency in shipbuilding contracts from the point of view of an efficient managing of the main engine

Abstract

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