A terribly maintained and inexperienced crew on a 5 year old ship can pose more risk to your business than a 18 year old vessel that has high standards and a robust operational track record - we can help you tell the difference.
Additionally, we understand certain commodities or trades have higher proportions of vessels >15 years old. This is only going to increase as the average age of tankers rises to 13.2 years in 2024. Designing a policy to functionally work around your trade and ensure that you keep product moving, in a safe, compliant, regulatory robust and cost effective manner.
In the maritime industry, vetting policies are the foundation of safe and efficient operations. They define the criteria ShipVet will use to evaluate vessels, ensuring that every ship you work with meets the standards required for safety, environmental responsibility, and operational reliability.
A strong vetting policy helps protect your reputation, reduces operational risks, and ensures compliance with international standards and client expectations.We have extensive experience and can help define the specific components based on your company's operation model and geographic presence.
By partnering with ShipVet, you gain more than just a document – you gain a strategic framework for safer, more efficient operations. Key benefits include:
Ensure every vessel meets stringent safety standards, protecting your cargo, your employees, P&L and reputation.
Plans change with operational disruptions, utilising ships with a higher standard are proven to be more flexible with higher levels of acceptance across a wider range of receivers, terminals and ports.
Stay ahead of regulatory requirements, including international sanctions and environmental policies.
Streamline the decision-making process with a clear, actionable policy.
Reduce exposure to operational and reputational risks by working only with compliant vessels. Our team is well versed in different regional nuances.
Align your operations with your company’s values and long-term goals, including sustainability and growth.
Without a tailored vetting policy, your business may face unnecessary risks, from working with non-compliant vessels to encountering legal challenges and operational inefficiencies as cargo or vessels break down or are arrested.
ShipVet helps you avoid these pitfalls by creating a policy that’s not only comprehensive but also practical and aligned with your goals. With clear escalation and exemption processes for critical situations.
We begin by working closely with your team to understand your specific operational goals, risk tolerance, and industry requirements.Whether you focus on a single touchpoint with vessel offtakes, spot charters, long-term time charter or contract of affreightment agreements, we take the time to align the vetting policy with your unique circumstances.
Every maritime operation has different priorities. We help you define and document vetting criteria based on your business category, geographical region, and operational demands.
These may include:
Vessel/Barge technical specifications, Classification Societies (IACS), Evaluation of Technical Manager/Document of Compliance party, Port State Control (PSC) reports and blacklist review of named flag and class, Class Status Reports - assessment of any suspension or overdue periodic surveys, conditions of class and conditions related to statutory certificates, Abandonment of Seafarers Officer/Crew Matrix, Trading history OFAC Sanctions List, Protection & Indemnity cover, Charter Party should reflects Vetting Policy, GHG exposure.
With a team of experts that includes experienced former Mariners and with Vessel Vetting and Vessel Inspecting experience, we bring hands-on knowledge of the shipping industry to every policy we create.
Your vetting policy will incorporate the latest international regulations and industry best practices, ensuring it remains relevant and effective in a fast-changing environment.
A vetting policy is only effective if it’s clear and appropriate. We structure your documentation so it’s easy for both the ShipVet and your team/management to follow, with defined processes for evaluating vessels, maintaining compliance, and making decisions.
Regulations and industry standards evolve, and so should your vetting policy. At ShipVet, we offer ongoing support to keep your documentation up to date.
Whether it’s adapting to new environmental requirements or changes in safety regulations, we’re here to ensure your policy remains a valuable tool for your business.
Contact ShipVet to learn more about our Vetting Policy Documentation services. Whether you’re starting from scratch or updating an existing policy, we’ll work with you to create a tailored solution that meets your needs and ensures compliance in an ever-changing industry.
Together, we’ll build a safer, more efficient future for your business.
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