New CPA Module Identifies Potential Consumption & Speed Deviations

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  • METIS launches software module for shipping companies to monitor vessel performance effectively.
  • The accuracy of the data acquisition system developed by METIS is approved by Lloyds Register.
  • System helps user to monitor all vessels concerned and identify potential deviations to specified consumption and speed terms.

METIS Cyberspace Technology S.A. launched a new software module for shipping companies that face challenges in monitoring vessel performance effectively to meet Charter Party Agreement (CPA) reporting needs, says a press release published on their website.

Merits of the new module

The new module allows operators to monitor and track their vessel’s CPA performance at a glance through the online METIS platform using a set of visually rich dashboards.

Once all CPA terms are imported into the system the user can monitor all vessels concerned and identify potential deviations to specified consumption and speed terms. The new module allows operators to monitor and track their vessel’s CPA performance at a glance through the online METIS platform using a set of visually rich dashboards. 

Additionally, the system provides automated notifications in case the speed consumption curve exceeds certain predefined limits.

“Monitoring performance to match CPA expectations is one of the biggest challenges a vessel owner can face,” says Mike Konstantinidis, CEO, METIS Cyberspace Technology.

“The CPA module means the right information is always available during the voyage to take corrective actions and at the end of every voyage for performance evaluation and to address any potential claims.”

The Module is user specific 

Konstantinidis adds that the analysis used is based solely on data collected automatically through METIS Ship Connect, the data acquisition system developed by METIS whose accuracy is approved by Lloyds Register.

He added, “The analysis involves the utilization of weather data, vessel manoeuvering states and all other remarks included in the CPA, to provide a holistic view of the vessel’s compliance.” 

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Source: METIS Cyber Technology