What is the real impact of low or medium risk vetting observations to future chartering fixtures?
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We have seen cases where oil majors have positively screened a vessel with high number of observations or with even high risk ones, where there are other cases, where vessels have been rejected with relatively good vetting results.
In that respect, a vetting result does not necessarily determine the vessel’s screening purely on the nature/number of observations, but commercial interest is the one which will finally determine whether the vessel will be accepted by an oil major. However, there might be additional measures/requirements required by charterers in case of vessels with high risk observations.
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It always depends on the involved parties, operator’s response and mitigation measures, status of observations, vessel’s and operator’s history, tmsa audits, psc history etc.
A good vetting report will just make your life easier, it won’t give an “approval”.
The companies have their own criteria, which are not the same for all.
Generally, commercial interest plays also a role, however there are always some red lines for the MA departments of the Oil Majors, which they will not trespass no matter what.
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I guess that the “status quo” will change a little bit with the new SIRE 2.0 regime…