How to compare different ship performance models?

On multiple occasions we’ve received the question: ‘How do we evaluate & compare different ship performance models?'.
Ship performance models are also known as ‘vessel performance models’, ‘speed-fuel models’, or sometimes even ‘consumption tables’. It is not straightforward how to measure accuracy, establish a correct dataset and compare models against one another.

This document provides a practical framework to benchmark different ship performance models against one another.