Due Diligence

Company Review

We provide trained personnel to visit and evaluate the activities of a ship owning office. The due diligence activity involves an overview of commercial and technical activities with particular attention to the trading of a fleet of vessels, to the preparation of accounts and to the management of trading risk. We pay particular attention to how trade creditors and debtors are handled.

A typical due diligence overview can be of value to a:

  • Potential investor wishing to evaluate a new project
  • Potential lender wishing to evaluate a new loan
  • Credit officer wishing to assess a ship-owning company for restructuring purposes
  • Ship owner wishing to attract new investment

Our review would usually take no more than 3 days within an owner’s offices, with a further 2 to 5 days of offsite report preparation. Our aim is to conduct it with minimum disruption to the owner. The fleet would be analysed with past performance and future expectations evaluated.
We can undertake off-site project reviews but on historical trading records only. This is of considerable value in most cases but does lack the detail which can only be obtained during a site visit.

Vessel Review

As part of the due diligence process it is always recommended that vessels which form part of a fleet expansion or part of a loan portfolio be regularly inspected. We can arrange such inspections as part of the due diligence service. We would act as liaison between the ship owner, the vessel, the inspector and the client to ensure that the inspection takes place quickly and efficiently, providing maximum input to the evaluation process.