How to Resolve Maritime Claims with Data From Internet of Things in Ecosystems

Abstract

In today's global maritime industry, efficiently resolving claims is a crucial challenge. This thesis navigates these complexities through the lens of IoT data utilization within ecosystems, aiming to illuminate pathways for more efficient resolution of maritime claims through transparency of data. Employing a qualitative analytical research approach, this study delves into the complex legal aspects of carriage of goods within the framework of charter party agreements. It explores the balance between freedom of contract and the mandatory regulations The Hague/Visby Rules and Hamburg Rules. Integral to the subject, interviews with key stakeholders from the maritime sector were conducted, offering valuable insights into current practices and perspectives. Despite digitalization being widely embraced, there's a big difference between the potential impact of IoT technology and how it's actually used in the shipping industry today. Focus in this thesis on the idea of ecosystems in shipping, where working together towards a common goal and creating value go hand in hand. By looking closely at challenges in sharing data and the need for sustainability, we find ways to improve how things are resolved. Of significance in the finding from this research is the vital role of sharing data in tackling challenges in claims handling. As the industry grapples with the complexities of assigning liability, shared IoT data emerges as a powerful tool to simplify claims resolution. Through promoting transparency and collaboration through digital platforms, shared data has the potential to revolutionize how claims are managed. Furthermore, the study emphasizes in the findings the importance of adopting an ecosystem approach within the maritime sector. By nurturing collaborative ecosystems, stakeholders can uncover new ways to share data effectively and resolve maritime claims more accurately and effectively. Additionally, the research underscores the intersection of environmental regulations and claims resolution. The findings also highlight the significant impact of recent environmental regulations on the maritime industry. These regulations mandate the sharing and transparency of data, emphasizing sustainability practices. By complying with these regulatory frameworks, the industry is already moving towards adopting an ecosystem approach. This presents an opportunity to leverage sustainability as a binding force in resolving maritime claims through IoT utilization within these ecosystems.