Vetting & Risk Assessment

Vetting is the INTERTANKO members’ “ticket” to trade.  Before a tanker is chartered to carry a cargo for an oil company, chemical company, gas company or trader, it must be inspected to ensure that it is fit for purpose and in compliance with all applicable laws, regulations and applicable charter party agreements, thereby minimizing any potential risk of an incident occurring while carrying the cargo.  To assist members in the vetting inspection process, INTERTANKO provides a number of tools, including an INTERTANKO publication, Guide to the Vetting Process, benchmarking tools, inspection feedback databases and vetting clauses, to name a few.   In addition, INTERTANKO has a Vetting Committee whose main aim is to foster INTERTANKO members’ interests in relation to inspections and screenings undertaken and performed by Port State Control, the United States Coast Guard, oil and chemical charterers, P&I Clubs, hull underwriters, and terminals, etc. with the long-term goal to reduce the proliferation of multiple inspections and the cost of ship inspections to the maximum extent possible.