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            Condition Assessment Program (CAP)

            cap

            Extensive Assessment of Your Fleet

            Cargo owners and many of the largest charterers typically require a Condition Assessment (CAP) Survey.  Charterers prefer a CAP Grade of 1 or 2 to fix older vessels identified to carry their cargo. The commercial opportunities for an older tanker, gas carrier, bulk carrier and more recently a containership and an offshore supply vessel without a satisfactory CAP rating may be limited.


            What is CAP?

            A Condition Assessment Program is the recognized method for an asset owner to demonstrate the quality and suitability of an asset for charter. The program provides a charterer with a technical evaluation of the physical condition and maintenance of a vessel above the requirements for Class.

            The program includes a detailed survey of the vessel's hull structure including verification of gaugings as well as extensive testing of the vessel's machinery, equipment and cargo systems. This information combined with a strength and fatigue engineering analysis leads to a numeric rating being assigned to the vessel.


            Condition Assessment Program Details

            Assess physical condition and maintenance of vessel above the minimum requirements for Class

            • Review of Class Records
            • Fatigue Analysis
            • Condition Assessment Survey
            • Verification of Gaugings
            • Structural Evaluation
            • CAP Report and Grade

            Why CAP with Fatigue Assessment?

            The major charterers have introduced even tougher CAP standards as a requirement for charter. They demand that the CAP 1 or 2 rating include a detailed Fatigue Assessment. Other charterers are expected to follow this lead. CAP is able to quickly and cost effectively assess the cumulative impact of fatigue on a vessel’s critical structural components.


            Potential Benefits of ABS CAP

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            • Less time off-hire
            • Demonstrate maintenance and suitability for intended vessel charterers and contracts*
            • Recommendations for enhancement of critical areas above Class to meet charterers expectations
            • Modeling of structural performance for up to five years enabling comprehensive management of an aging vessel's hull structure through identification and rectification of high-stress critical areas
            • Higher resale value

            * This is a voluntary service above class requirements

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            Interested in providing your feedback on ABS CAP?

            Complete our survey.


            Questions about CAP?

            Contact our specialists for assistance?



            By submitting this form, I agree to hear more about offers and services from ABS. I understand I can?unsubscribe?at any time, and I agree to the ABS?privacy policy.

             
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