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METIS INTRODUCES CPA EFFICIENCY MONITORING MODULE

Monday, November 9, 2020 

Athens-based METIS Cyberspace Technology has launched a software module to tackle the challenges shipping companies face in monitoring vessel performance effectively to meet Charter Party Agreement (CPA) reporting needs.

The new module addresses the challenge with functionality that is said to greatly enhance the productivity of both operations and chartering departments. It new module allows operators to monitor and track vessels' CPA performance in real time 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. In addition, the system provides automated notifications in case the speed consumption curve exceeds certain predefined limits.

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

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

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