A Vessel Vetting Assessment is a risk management tool to assist our clients in avoiding interactions with unsuitable vessels. These vessels or their owners/managers may have a track record of poor maintenance, high casualties or breaches of international sanctions.
The fragmented structure of the shipping industry means a vessel can change name, ownership, flag, technical manager many times and appear like a completely different vessel. Judging acceptability based only on high-level information such as age, flag or commercial counterparty are proven to not be reliable indicators of a vessel's technical and operational performance or sanction status.
A reputable commercial counterparty may control the vessel's employment but have no involvement in the maintenance or crewing of the vessel. A vessel may appear under a first class brand despite having a high risk of breakdown potential exposing your cargo to an extended period of detention.
Technical managers are tasked with keeping maintenance costs to a minimum to maximise profit, and in an inflationary environment, this can mean reduced periodic repairs or reduction in insurance cover, Global marine insurance premiums increased 5.9% in 2023**.
We offer a wide range of services tailored to meet your unique needs. Our team of experts is dedicated to delivering high-quality solutions.
Our Spot Vetting Assessment helps you confidently select the right vessel for immediate needs without compromising on quality. We conduct a thorough evaluation to ensure the vessel meets the necessary standards for safety, environmental compliance and operational reliability.
For longer term cargo off take spanning months to years where you are working with a commercial counterparty who needs the flexibility to utilise a fleet to fulfill their obligations. This review will take into account how suitable the fleet is to maximise.
Extended period of charter spanning months to years, where ensuring a high level of vessel performance is essential to maximise your customer satisfaction, P&L, environmental footprint and compliance.
Available instantly, 24 hours a day, 7 days a week. It is a lighter, faster and highly customised rule-based screening to allow your team to rapidly screen out (or in) multiple vessels that trigger certain criteria i.e. sanctions, flags or dimensions.
We have over 150 years experience across our team of Master Mariners and Vessel Inspectors.
Having been on both sides of the industry they are experts in assessing the range of data points to give a concise view on the vessels against our clients vessel vetting policy.
We strive to give clear go/no-go assessments but understand that shipping has grey areas where measured risk assessments with reasonableness in mind are key.
We want you to speak to our team, we include our mobile numbers to help understand any issues you may be having with a vessel.
We’ve executed over 80,000 assessments over the last 20 years for our clients, each time a vessel is assessed the feedback is captured by our team in our database.
Even if a vessel changes its name, or a technical manager has a fleet that overall is encountering frequent incidents our team can use this unique data paired with the latest inspection reports to provide a robust assessment of the vessel.
Concise assessment summaries to allow you to make clear go/no-go decisions
A clear reduction or removal of sub-standard vessels from your supply chain or maritime exposure
We work at speed, we aim to provide feedback about any vessels within 2 hours
Audit records available for every vessel we assess
Direct customer access and progress tracking via our portal
Ongoing support, we acknowledge assessments are made based on a point in time.
We know where a small comment on a report can be an indicator of systemic lack of care and periodic maintenance or potentially an acceptable risk.
We stand behind our assessments and understand you or the vessel owners may have feedback, we welcome this and are contactable to work through this within the commercial or operational deadlines you may have.
Let our team manage the review of large unstructured data, to give you a reasonable and concise view to move your business forward.
