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Shipping Industry Solutions

Business Challenges

Your Challenges; Our Solutions

As much as it is vital for the smooth running of international trade, the maritime industry has been known to be highly risky. In order to reduce risk exposure, charterers or ship owners assess vessel quality and international compliances. Even a minor oversight in these Vessel Risk Assessments could cause devastating accidents, which could lead to huge penalties for the organization. We automate these Vessel Risk Management processes for our clients, thereby eliminating a chance of human error and assuring accurate decisions in chartering.

In manual Vessel Risk Management process, vetting agents prepare detailed analyses reports based on a set of parameters. These are the international regulatory compliance parameters in manual Vessel Risk Management:

  • SIRE inspection reports
  • Port state control inspection
  • Company policy and standards
  • Safety and quality certification validity
  • Ship operator quality

This manual method leaves gaps for several errors to creep in, thereby putting safety at risk. Human errors, inconsistent decision-making, improper record maintenance, and ineffective workflow management are all factors that can jeopardize safety.