The Advantages of a VDR Database

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A VDR database is a secure method of storing and sharing reams upon reams confidential documents. This allows parties or investors to access the documents quickly. Companies in the venture capital or private equity industry can easily share documents for a variety of deals, instead of having to wade through a maze of paperwork.

VDR databases can also be a valuable instrument for ship operators who use them to assess the performance of equipment and crew training. They can also be used to record and analyze incidents that are ‘near miss, for example to ensure that lessons learned or company policies can be assessed.

The Oil Companies International Marine Forum (OCIMF) has suggested that owners and managers of vessels use VDR data in a proactive manner. This could lead to an increase in safety and a decrease in accidents.

The proactive use of VDR data can bring many benefits that include:

Analysis of the information stored on VDRs should be a regular element of every ship’s operations and should be conducted regularly by a qualified safety officer. The information should be accessible to all fleet members and a centralised system should be in place that can facilitate the recording and analysis of all such data.

There are a number of different kinds of VDRs that can be found on ships. Some VDRs are more cost-effective while others are less detailed. It is recommended to verify the specifications of any VDR you are thinking about purchasing.

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