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Cloud based Vessel Allocation Decision Support System for Vessel Chartering

Objective

CLOUD-VAS is a CLOUD-based Vessel Allocation decision Support tool derived from the by oil chartering companies expressed need for an elementary, user friendly software solution that is accessible any place, any time. CLOUD-VAS helps Large Oil & Gas companies and Large Ship-owners make sharp decisions on which vessels to charter, saving enormously on chartering costs and fuel consumption equalizing lower CO2 emission. The Vessel Allocation Problem is a widely known managerial problem for transportation companies relying on maritime shipping for transportation of their bulk. Current methods for Vessel Allocation are based on linear, nonlinear, integer, stochastic and global programming solvers proven to perform well but complicated are in use and not protected by user access rights packages which entails alteration of data by virtually anyone is possible often leading to significant time and monetary losses. The outcome CLOUD-VAS will provide a flexible and affordable optimisation platform that enables to significantly minimise operational costs and fuel consumption (thus GHG emissions). Minimising carbon footprint and fuel consumption is a strategic direction for Waterborne Transportation overall in Europe. Reduced environmental impact and enhanced fuel efficiency will contribute to economic prosperity and environmental sustainability as two pillars of sustainability. This makes the project strongly related to the current EU wide challenges for the Maritime Transportation Industry to cut back its CO2 emissions and contribute to their strive for delivering products in a timely and cost effective manner. Besides CLOUD-VAS’s benefits like an integrated report system and the implemented user access rights packages the real innovation lies in it being a ready-to-use cloud-based solution. CLOUD-VAS is the first and so far the only Cloud Based Vessel Allocation Decision Support Tool in the world and will be an important innovation for the Maritime Transportation Industry.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-2 - SME instrument phase 2

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

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Coordinator

PROMATEK DENIZCILIK TEKNOLOJILERI VE MUHENDISLIK COZUMLERI SANAYI VE TICARET LIMITED SIRKETI
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 262 187,50
Address
EVLIYA CELEBI MAH. GENCOSMAN CAD. N 45/15 TUZLA
34944 ISTANBUL
Türkiye

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
İstanbul İstanbul İstanbul
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 803 125,00
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