A condition assessment is a must-have for any owner or operator looking to obtain an overview of a marine and offshore asset’s status. This is particularly relevant when needing to meet charterers’ condition obligations for trading vessels of a certain age or when considering a conversion. Owners require an independent, trusted party to carry out the condition assessment on their behalf.
CAP consists of the following optional modules:
§ CAP Hull
§ CAP Machinery and Cargo Systems (CAP MC)
The purpose of CAP is to provide applicants with a document and statement of ship’s actual condition such as structural strength, machinery, and maintenance of ship’s life, etc., which could be used towards cargo owners and/or authorities in connection with entry into new charters or renewal of existing ones beyond expire dates.
CAP rates a vessel on a scale from 1 (best) to 4 (lowest). Well-maintained older tonnage with a CAP rating of 2 (documented good standard) becomes more attractive to charterers, State and harbor authorities, as well as terminal operators. A ship participating in a classification society’s CAP is subject to a CAP survey which, if satisfactory, will lead to issue of a CAP Certificate.
A Pre-CAP Inspection can help minimizing or even eliminating the risk of negative observations during a CAP Survey. During a Pre-CAP Survey we visit the vessel and perform an in-depth inspection covering all areas on board in relation to the CAP Survey in order to prepare the vessel for an upcoming survey.
CAP is a voluntary, thorough verification of the condition of the vessel at the time of inspection. The main purpose is to document the quality of aged vessels and to make it possible to judge the vessel based on its current condition rather than its age. It is crucial to keep your vessels prepared all the time for the CAP to maximize commercial opportunities.