The Importance of Vessel Due Diligence
The risks and complexities of the global maritime shipping industry require thorough due diligence on vessels. This is essential not only when making pre-purchase or chartering decisions but also when entering new trade routes, finalizing contractual agreements with charter parties, and establishing new partnerships or service agreements.
A vessel owned, controlled, or operated by a sanctioned party, or identified as engaging in illicit activity, can expose your business to criminal liability, fines, and reputational damage. Marcura Compliance simplifies trade compliance by providing comprehensive screening results that address vessel risks, flag risks, ownership and associated party risks, vessel movements, AIS dark periods, and STS checks.
Key Vessel Screening Elements
Depending on the subscribed due diligence level, our vessel screening covers the following key aspects:
Name(s) screening: current and former
Flag(s) screening: current and former
Identifier screening
Registered Owner and Head Owner screening
Associated parties screening (Vessel Operator, Ship Manager, Technical Manager and DOC Company)
Vessel movements (time period is customizable)
AIS Dark Period Risk Intelligence (time period is customizable)
Ship-to-Ship Transfers Risk Intelligence
Identify Risk Confidently
The report highlights risks associated with the vessel, such as sanctions exposure, flag risks, and ownership details. It also tracks vessel movements, including ports, terminals, and areas visited. Newly added risk intelligence includes AIS dark period insights and ship-to-ship transfer chain probabilities.
Which Due Diligence Level Best Fits Your Vessel Screening Needs?
To determine the best due diligence level for your requirements, reach out to your dedicated Customer Success contact who will be happy to assist you further.