Every vessel risk rating report contains detailed information on:
- Vessel name
- Very latest traffic light risk rating
- Vessel risk rating compared to fleet vessel type average
- Beneficial Owner, Commercial Manager and Technical Operator
- IMO number and vessel particulars
- Flag (and flag performance), builder, class
- Surveys, dry, last renewal & next survey, and safety surveys
- Terminal inspection (when available)
- Last PSC inspection and history
- Detentions
- Dry dock history and survey due
- Tanks – all descriptions
- Casualty history for previous 12 months
- Registered owner/manager/technical operator
- Sanctions data intelligence
- Trading areas
How our risk ratings are compiled
IMRRA has a commercial intelligence network covering 10,500+ Oil & Gas Tankers, 5,000+ Dry Bulk vessels, and six researchers who are constantly reviewing, updating and extending this database 24/7. Each dataset is aggregated and assessed using IMRRA’s statistical regression analysis tool and then further analysed by a specialist researcher.
The methodology is as comprehensive as it is competent:
- Each vessel is rated by age, class and type
- Over 1,400 vessels are assessed every month
- Individual vessel risk is calculated against the fleet average
The vessel risk rating is derived from the following components:
- Static risk factors associated with long-term risks that remain constant over time:
- Vessel particulars
- Classification Society’s performance
- Company’s operating history
- Casualty history and incidents
- Insurance claim history - Dynamic risk factors that change in their frequency and severity plus an assessment of an organisation’s risk management processes
- Verified risk factors by request, information can be collected via physical inspection for ship owners and managers only.
- Dynamic Human factors: for example, Crew qualifications & Officers Crew details
In other words, the risk rating you get from is a combination of existing and potential negative ratings that affect a vessel’s overall operational risk and safety, as well as critical human factors in vessel and operator risk management. Then a regression analysis tool, a widely used forecasting and prediction technique, is applied to estimate the relationships between the variables.
This uniquely comprehensive analysis is the reason why you can trust us to deliver the best risk rating for your vessel.