FAQs

RISK4SEA is a SaaS PSC Intelligence platform, illuminating PSC performance to Prepare/Assess PSC inspections, Benchmark against competition and Automate PSC functions and alerts to eliminate detentions and minimize OPEX.​

There are 23 fleet segments and special bundles covered in the advanced data analytics :

• Dry Bulk (5) : Handysize, Handymax, Supramax, Panamax, Cape
• Tankers (5) : Small Product, MR1/MR2, LR1/LR2, Suezmax. VLCC
• Containers (3) : Feeders, Large, Ultra Large
• Other Types (7) : LNG/Gas Carriers, LPG carrier, General Cargo, Vehicle Carrier, Ro Pax, Offshore, Other
• Special Bundles (4) : All Dry Bulk, All Tankers, All Containers, All Ships

A ship bundle is a set of fleet segments that is being used for grouping purposes. The following four (4) ship type bundles are being used in the system

• All Dry Bulk (comprised of 5 fleet segments)
• All Tankers (comprised of 5 fleet segments)
• All Containers (comprised of 3 fleet segments)
• All Ships (comprised of 19 fleet segments)

The following KPIs are being used in the system:
CIR: Clean Inspection Rate (%)
DER: Detention Rate (%)
DIR: Deficiency Inspection Rate (%)
DPD: Deficiencies Per Detention (Number)
DPI: Deficiency per Inspection (Number)
FDR: Five Deficiencies Rate (%)
OBP: Overall Benchmarking Performance

YES, we have a relevant paper available by clicking on the Methodology section.

RISK4SEA is using a team of analysts and third-party vendors and experts to collect, evaluate and validate data used in the model. As a raw input the model uses PSC Data (Inspections and Detentions along with the accompanying details of each inspection) that are assigned to Port, Country, Manager, Class, Flag and P&I details for each entity and inspection. RISK4SEA provides and in depth analysis of the data used at the Demographics menu among other reports.

Five Years for the analytics in the platform, reaching to ten years in some instances in our files for backup and verification purposes.

To set things straight the answer is NO. The reason is that we are not interested in ALL fleet segments and therefore ALL managers. We have a specific interest in the wider Ocen Going Dry Bulk, Tanker and Container fleet plus some other specific fleet segments and our key interest is for ships above a small tonnage, not above the 25 years of age.

YES. We have all these data available as otherwise any statistics used will be out of date.

For every ship inspection we have data concerning, ship, inspection date, port, and findings including all corresponding data out of these.

For each ship we have data of ALL ship particulars including manager, class, flag and P&I.

We have data concerning the base location, contact details, historical data and fleet managed.

The following KPIs are being used:

DPI: Deficiency per Inspection (Value, Number)
Definition : Average number of deficiencies per inspection.
Performance : The smaller the figure indicates better performance

DER: Detention Rate (%)
Definition : Percentage of detentions per 100 inspections.
Performance : The smaller the figure indicates better performance

DIR: Deficiency Inspection Rate (%)
Definition : Percentage of inspections ending with deficiencies per 100 inspections.
Performance : The smaller the figure the better the performance

CIR: Clean Inspection Rate (%)
Definition : Percentage of inspections ending with NO deficiencies per 100 inspections.
Performance : The larger the figure indicates better performance

FDR: Five Deficiencies Rate (%)
Definition : Percentage of inspections with 5 or more deficiencies per 100 inspections
Performance : The smaller the figure indicates  better performance

DPD : Deficiencies Per Detention (Value, Number)
Definition : Average number of deficiencies per inspection that ended with a detention.
Performance : The smaller the figure indicates a stricter, more challenging inspection

You may find more details on the input and output of the model along with details on the methodology used at the Methodology section.

NO, this option is not provided. In theory you may benchmark ships of similar type and age group provided they have more than three (3) inspections on any requested time interval. However, we feel that this is of no value to the user and it is not adding to the platform objectives, therefore this option is not available.

YES, you may benchmark ship managers, no conditions are being attached. However due caution should be exercised as these managers may operate different fleet profiles and/or having a totally different trade track record.

YES, you may benchmark ports, no conditions are being attached. However, due caution should be exercised as these ports may have a totally different fleet profile inspected and/or a having a substantial different in inspection data.

YES, you may benchmark Countries, no conditions are being attached. However, due caution should be exercised as these countries may have a totally different fleet profile inspected and/or a having a substantial different in inspection data.

YES, you may benchmark any stakeholder with another stakeholder of the same type. However, due caution should be exercised as these stakeholders may have a totally different fleet profile inspected and/or a having a substantial different in inspection data.

YES, you may use the relevant form available here.

YES, we provide a free trial, provided that we are successfully completing a demo of the platform. You may request a free trial using the form available, here.

A manager may use the service to Prepare/Assess PSC inspections, Benchmark against competition and Automate PSC functions and alerts to eliminate detentions and minimize OPEX.

A Port Authority you may use the service to Prepare/Assess PSC inspections and Benchmark against competition.

As  an industry insider you may have NO interest in the service unless you have a specific interest to Prepare/Assess PSC inspections and Benchmark against competition.