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Ship vetting is an in-depth assessment of a ship's quality and suitability for a task. It is the best way to match available vessels to the operational requirements of the voyage and the need to properly manage risk.
Shippers and terminals "vet" a nominated ship - its suitability for a task and any risks - before deciding whether to accept it. The more comprehensive the vetting process, the more reliable it is as a risk management tool.
The risks from using substandard ships include:
- Undue delays and costs while the ship is inspected in port
- Falling foul of regulators
- Rising insurance costs
- Casualties - from delays through to total loss - which carry severe commercial, human and environmental costs.
Today marine industry operators cannot afford to take these risks, either deliberately or through lack of information.
Identifying "ships of shame" involves more than checking the current age or state of the ship, its current flag and class society. Risk is affected by the ship's owner, operator, manager and crew, and its entire trading and cargo history since commissioning.
Some information is hard to find, so assessing and excluding high risk vessels from your supply chain can be complex and time-consuming. It is also important to use the same data systematically every time, for consistent results.
Reliable automated systems were once only available to the biggest industry players, because of the time and cost they take to develop and run. Now RightShip's tested, secure, leading edge vetting system and expert support is available so individuals and organisations of all sizes can systematically manage marine risk.
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