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Due Diligence – Risk Management in Due Diligence – Risk Management in

Due Diligence – Risk Management in - PowerPoint Presentation

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Due Diligence – Risk Management in - PPT Presentation

STS The onlineSTSnet concept MEMBERSHIPS Member of HELMEPA Associate Member of INTERTANKO Member of International Shipowners Association Canada ISAC Who is DYNAMARINe PRIVATE ORGANIZATION ID: 1014315

risk sts master experiencests sts risk experiencests master amp assessment due diligence detailed policies experience tanker proper net enhanced

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1. Due Diligence – Risk Management in STSThe onlineSTS.net concept

2. MEMBERSHIPSMember of HEL.M.E.P.A;Associate Member of INTERTANKO;Member of International Shipowners Association Canada (ISAC);Who is DYNAMARINe ?PRIVATE ORGANIZATIONFounded by Dr. Alexandros Glykas and Dr. Stelios PerissakisExperience of 13 years in ShippingUnique project participation such as MV DERBYSHIRE 2nd Phase assessment & formal investigation, Double Skin design for bulk carriers, Vetting Policies for oil Trader … etcBased in GreeceEmploying 10 PeopleVOLUNTARY CONTRIBUTIONParticipation to STS training for Seafarers for HELMEPA;2011 – 2014 with 15 lecturesDeveloping online Training Platform for Seafarers (2013-2014)2 courses with 10 individual chaptersAccess to 850 seafarers

3. Our work on the onlineSTS.net ServiceonlineSTS.net associated PresentationsOrganized 3 international Forums on STS (IFSTS 2011 – IFSTS 2012 – IFSTS 2013);3 Scientific Papers on STS assessment & more than 10 articles on international Maritime Press;Presented onlineSTS.net concept in 4 International Conferences since 2008;Invited by OCIMF on 2012 to participate in the review of new STS guidelines;Invited by EMSA on 2013 to present the STS concept to member states;Have received an accreditation towards ISO 9001 for the procedures of onlineSTS.net by LRQA;Annual Publications on STS. F.A.Q. on STS in association with CLYDE&CoAnnual STS consolidated Statistics ISBN No. 978-618-80915-0-4

4. Facts & ConstrainsFactsConstrainsWhat are the facts & Constrains in STS Operations ??

5. Facts & ConstrainsFactsConstrains1. STS at Master’s discretion2. Latest OCIMF Guidelines3. STS Plan1. Clearance consent2. Commercial Interest3. Safety & Environment4. Time is money………

6. Principal Concerns from Tanker operators

7. Who has a contract with whom ??Liabilities in STS OperationsThe Discharging Ship

8. Who has a contract with whom ??Liabilities in STS OperationsThe Discharging ShipThe receiving Ship

9. Who has a contract with whom ??Liabilities in STS OperationsThe Discharging ShipThe receiving ShipThe Service Provider

10. Who has a contract with whom ??Liabilities in STS OperationsThe Discharging ShipThe receiving ShipThe Service Provider

11. Who has a contract with whom ??Liabilities in STS OperationsThe Discharging ShipThe receiving ShipThe Service Provider

12. Where is the Contract ???A Discharging ShipA Receiving ShipA Service ProviderCharterer/ Cargo OwnerLiabilities in STS Operations

13. A safe STS Operation does not rely on a contract, but on DUE DILIGENCE……………DUE DILIGENCE requires:Expertise-Experience from shore and crewAccess to Information resources that allow for proper evaluation of casual factorsPast STS Record AssessmentsUnderstanding of Liabilities, ExposuresKnowledge in supporting Reputation and Risk Mitigating issuesLiabilities in STS Operations

14. Justified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing HazardsWhat is the Problem for a Tanker Operator in STS Operations?Tanker Operators have to ENSURE safety and Participating vessel COMPLIANCE when planning an STS Operation.Responsibility towards ensuring SAFETY

15. Justified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing HazardsWhat is the Problem for a Tanker Operator in STS Operations?Both Masters are Responsible for Safety, and such responsibility should not be compromised by actions of others (3rd Parties)Responsibility towards ensuring SAFETYThe Master is ALWAYS responsible for SAFETY

16. Justified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing HazardsWhat is the Problem for a Tanker Operator in STS Operations?Each Tanker Operator and their Masters have to perform the proper and detail planningA Justified Risk Assessment Introduce Risk Mitigating Measures.Responsibility towards ensuring SAFETYJustified RISK AssessmentThe Master is ALWAYS responsible for SAFETY

17. Justified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing HazardsWhat is the Problem for a Tanker Operator in STS Operations?The Risk Assessment requires data associated to Hazards that might be unknown to the Master.Responsibility towards ensuring SAFETYJustified RISK AssessmentThe Master is ALWAYS responsible for SAFETYLimited Experience in assessing Hazards

18. What is the Problem for a Tanker Operator in STS Operations?Each Master deals with a second vessel (with unknown STS experience) and with the Service Provider (with unknown level of quality policies). Therefore the competence of third parties is an unknown factor.Justified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing HazardsResponsibility towards ensuring SAFETYJustified RISK AssessmentThe Master is ALWAYS responsible for SAFETYThere are unknown Factors for the MASTER Limited Experience in assessing Hazards

19. What is the Problem for a Tanker Operator in STS Operations?Responsibility towards ensuring SAFETYJustified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing HazardsThere is no contract between participants, therefore the only way to ensure safety is through due diligence. Justified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing Hazards

20. What is the Problem for a Tanker Operator in STS Operations?EstablishingShip-To-Ship Policies & ProceduresStandardizationEnsuring GoalsSelf AssessmentResponsibility towards ensuring SAFETYJustified RISK AssessmentThe Master is ALWAYS responsible for SAFETYContractual issuesThere are unknown Factors for the MASTER Limited Experience in assessing Hazards

21. CARGO OWNERMASTERS’ CONFIDENCE in STS requires:SERVICE PROVIDERTANKER OPERATORMASTERMotivation by Cargo Owners;Tanker Operators STS Policies;Justified Risk Assessment;Co-operation of stakeholders;Training …training…training….;Commitment in Regulations;Respect of Masters Responsibilities;Review of PAST STS Experience;

22. IndustryGuidelinesStatutory requirementsISM & TMSABest practicesInsurance PoliciesBackgroundISO 9001 by LRQACommercial Issues

23. STS OperationAssessment ofSTS operationSTS ExperienceDecision on Vessel SuitabilityProper & Detailed PlanningRisk AssessmentSTS Assessment DataTechnical Support to the MasterThe ConceptSTS POLICIES & PROCEDURES

24. STS OperationAssessment ofSTS operationSTS ExperienceDecision on Vessel SuitabilityProper & Detailed PlanningRisk AssessmentSTS Assessment DataTechnical Support to the MasterThe ConceptSTS POLICIES & PROCEDURESLimitedExperienceLimited DataUnclearProcedures

25. STS OperationAssessment ofSTS operationSTS ExperienceDecision on Vessel SuitabilityProper & Detailed PlanningRisk AssessmentSTS Assessment DataTechnical Support to the MasterThe ConceptLimitedExperienceLimited DataUnclearProceduresSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceClear & UnifiedProcedures

26. Clear & UnifiedProceduresSTS OperationAssessment ofSTS operationSTS ExperienceDecision on Vessel SuitabilityProper & Detailed PlanningRisk AssessmentTechnical Support to the MasterThe ConceptSTS Assessment DataSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceOSISParticipating VesselsService ProvidersPOAC (Mooring Masters)Crew ExperienceSTS LocationsIncidents & Near MissesLessons Learned

27. Clear & UnifiedProceduresSTS OperationAssessment ofSTS operationSTS ExperienceDecision on Vessel SuitabilityProper & Detailed PlanningRisk AssessmentTechnical Support to the MasterPrinciplesOSISSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceOSISParticipating VesselsService ProvidersPOAC (Mooring Masters)Crew ExperienceSTS LocationsIncidents & Near MissesLessons Learned

28. PrinciplesOSISSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceThe Master has the authority and knowledge to provide his assessment with respect to:Participating vessel performancePOAC PerformanceFenders- hosesLocation1. The assessor is the MASTER

29. PrinciplesOSISSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS Experience1. The assessor is the MASTERThe Master has received training on the assessment procedure prior providing assessments2. Training

30. PrinciplesOSISSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS Experience1. The assessor is the MASTER2. TrainingEach Tanker Operator has access to his own data.Consolidated statistical data for specific vessel, POAC, Service Provider, STS Location are provided only upon request for the purpose of specific STS operation. 3. Confidentiality

31. PrinciplesOSISSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS Experience1. The assessor is the MASTER2. Training3. ConfidentialityAll data are verified for: ConsistencyJustified OpinionAfter verification, assessments are logged into the database4. Verification

32. PrinciplesOSISSTS ExperienceSTS ExperienceSTS ExperienceSTS ExperienceSTS Experience1. The assessor is the MASTER2. Training3. Confidentiality4. VerificationAll assessed parties are being informed of their assessment and have the option to revert with their comments which is recorder to OSIS5. Notification to assessed parties

33. Screening Procedure1. Standardized Procedures2. Audited on an annual basis

34. 1. STS Policies for Tanker OperatorsScreening & Risk assessment Procedure2. Clearance of nominated vessel3. Risk Assessment4. Assessment of Service ProviderLocation – Vessel – Fenders – Rolling – (Weather)POAC – Fenders – Hoses – Past Performance stats 5. Post Assessment by MastersVerification of Post assessmentsLog of Post Assessments at OSISNotification to assessed PartiesPhase 1Phase 2

35. 1. STS Policies for Tanker OperatorsScreening & Risk assessment Procedure2. Clearance of nominated vessel3. Risk Assessment4. Assessment of Service ProviderLocation – Vessel – Fenders – Rolling – (Weather)POAC – Fenders – Hoses – Past Performance stats 5. Post Assessment by MastersVerification of Post assessmentsLog of Post Assessments at OSISNotification to assessed PartiesPhase 1Phase 2Transparent and Standardized Procedures

36. onlineSTS.net members act with due diligence on each STS operation They follow Screening Policies and Procedures according to onlineSTS.net principles1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS Experience

37. 2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceonlineSTS.net members act with due diligence on each STS operation Participate at OSIS and enrich their risk assessment from enhanced STS experience from all members1. Policies and Procedures2. Enhanced Risk Assessment

38. 2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceonlineSTS.net members act with due diligence on each STS operation They support their Masters with technical advice1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning

39. 2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceonlineSTS.net members act with due diligence on each STS operation They request to be assessed from the participating vessel’s Master after the completion of the STS operation1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation

40. 2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceonlineSTS.net members act with due diligence on each STS operation They have developed a self assessment scheme according to onlineSTS.net principles1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment

41. 2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceonlineSTS.net members act with due diligence on each STS operation They audit STS Service Providers and POAC1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties

42. 2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceonlineSTS.net members act with due diligence on each STS operation STS experience becomes an asset to their organization1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS Experience

43. onlineSTS.net members act with due diligence on each STS operation 1. Policies and Procedures2. Enhanced Risk Assessment3. Proper and detailed Planning4. Third Party Evaluation5. STS Self Assessment6. Due diligence towards 3rd parties7. STS ExperienceQUALITY of adopted Policies & Procedures with respect to STS, towards ensuring SAFETY.The data are of “first hand”ObjectiveUnbiased

44. Statistics – OSIS Locations

45. GRUKSINBECYEGKWDEINNIFRPODENOUAEBRUSAIT86 Participant Companies755 vessels39 Member Companies718 vessels71 million DWT TotalCLSPECIAL THANKS - TANKER OPERATORS Members & Participants

46. Thank you