Hi Dan,
Dan O'Keefe wrote:
OK Jeff, I have to ask, what is a vessel vetting system ?
Dan
The major energy companies don't always use their own vessels to move a cargo from point a to point b. Some energy
companies don't own any vessels (ships), but have to rely on other companies who do to move their cargos. Inspectors
come in and vet or carefully inspect a vessel to ensure it complies with standards, is in good operating order, will
hold the cargo capacity advertised by the vessel owner etc. Each voyage represents million of dollars in investment, so
these companies maintain a list or database of vessels they will or won't do business with. The system mentioned in the
article allows Sunoco folks to check the vetting status on a vessel before they potentially charter it.
Jeff
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