What is Included in My Vessel Risk Rating Report?

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 the 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 11,000+ Oil & Gas Tankers, 7,000+ Cargo 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 tool and then further analyzed by a specialist researcher.

The methodology is as comprehensive as it is competent:

• Each vessel is rated by age, class, and type

• Over 1,800 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 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 are applied to estimate the relationships between the variables.

This uniquely comprehensive analysis is why you can trust us to deliver the best risk rating for your vessel.