Audits & Inspections
The shipping industry is governed by strong national and international regulation and vessels are subject to a wide range of inspections and audits.
The tanker industry is even more regulated because of the high environmental risk of the cargoes being transported. Each vessel is inspected several times per year. The high number of inspections motivates TORM to meet and continuously seek to outperform the high standards set by the industry.
Inspections are carried out by:
- Oil companies (vettings)
- Port states
- Classification societies
- Own internal auditors
The vetting and clearance process of the TORM fleet goes well beyond national and international legislation.
As an oil tanker owner and operator, TORM is highly exposed to the vetting process from customers. All tankers are inspected by vetting teams at least twice a year. The customers that are part of the Oil Companies International Marine Forum (OCIMF) can all inspect vessels. The purpose of vetting inspections is to ensure that TORM conform to customer’s standards on safety, quality and environment.
Vetting inspections provides customers with a well assessed and low-risk transportation of their cargoes. Apart from the hardware of the vessel, the vetting team examines whether procedures are followed, processes are documented, etc. Offices are also audited to ensure that TORM adheres to the requested safety standards.
Performance on vetting inspections has a direct economic impact. Too many high risk observations per inspection can limit a vessels’ ability to be traded with customers and can adversely affect customer relationships in the long term. To ensure that all industry standards are met and TORM is ahead of the trend, an internal vetting team is an integrated part of the Safety & Quality Department.