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Getting Your Unit Built, Classified, Insured and Flagged.

Classification

Initial and Periodic Classification Of the Unit

Classification is a conformance process that verifies that specific standards are met before a vessel can be put into service. It is the first step in a multi-step process to meet the requirements for the purposes of obtaining insurance for the vessel and ultimately flagging the vessel through a flagging registry.

Classification of a vessel is performed by a Classification Society. Classification Societies are generally private non-governmental organizations that have created and maintain a compendium of technical standards that apply to the construction and life-cycle of a vessel for both its structural components and associated equipment. The process of classification includes the following:

Design Stage

A Classification Society will review the vessel’s design package to ensure that it complies with the Classification Society’s rules for a given type of vessel, including assessing structural integrity, stability in the sea states for which the vessel is intended to operate, and the safety features incorporated into the design. International regulations are often incorporated into the Classification Society’s rules by reference, and the Classification Society will evaluate compliance with those regulations as part of its survey of the vessel’s design.

Construction Stage

During construction, a surveyor, who is an employee or contractor from the Classification Society will conduct inspections at the shipyard where the vessel is being built to ensure it conforms to the design plans approved by the Classification Society during the design stage of the evaluation. This includes inspecting materials to ensure they meet minimum quality standards called for in the approved design, and that all manufacturing processes meet the required standards.

Final Inspection and Certification Stage

When construction of the vessel is complete, a final survey is conducted by the Classification Society’s surveyor. If the vessel meets all critical requirements, the classification society issues a classification certificate. In this classification certificate is information pertaining to the vessels class assignment which may include one or more classes.

A certificate issued by a recognized Classification Society is critical in obtaining a registration for the vessel, securing insurance and to prove that the vessel meets the requirements for a vessel of its class to be safely and reliably operated. Periodic Re-Evaluation Retaining a vessel’s class assignment requires periodic survey to ensure the vessel continues to meet the required standards set forth by the Classification Society’s rules. Periodic surveys are typically required on a five-year cycle. These include the annual, intermediate and special surveys depending on the age of the vessel and whether it has been modified. In addition, Classification Societies update their rules periodically to adopt advancements in technology and to conform with new maritime regulations. Classification is multi-facetted and involves detailed inspection of many aspects of a vessel to ensure safety and reliability. This in turns provides assurances to owners, operators, insurance providers and regulatory bodies to ensure the vessel provides adequate seaworthiness and complies with the relevant regulations. This includes detailed survey of the following components and systems: Structural integrity Safety systems Environmental compliance Machinery and equipment, if applicable Navigational equipment, if applicable


Insurance

Insuring the Unit


Flagging

Flagging the Unit Under a Flag of Convenience


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