Condition Assessment Program (CAP)

cap

DEMONSTRATE THE RELIABILITY OF YOUR AGING FLEET AND INCREASE YOUR COMMERCIAL EARNING POTENTIAL

 

Cargo owners and many of the largest charterers typically require a Condition Assessment 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?

The Condition Assessment Program is a voluntary service that provides an independent evaluation of the condition of a vessel from which third parties can assess the suitability of an asset for a charter based on its current condition as opposed to its age. 

The program provides a charterer with a technical evaluation of the physical condition and maintenance of a vessel above the standard requirements for class.  CAP is applicable to oil tankers and bulk carriers of 15 years of age and above, but may be used for other vessels at different ages.

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 ranging from 1 (Very Good) to 4 (Unsatisfactory).


ABS CAP - Helping You Meet Charterer Requirements

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Condition Assessment Program Details

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

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

Why CAP with Fatigue Assessment?

CAP is able to quickly and cost-effectively assess the cumulative impact of fatigue on a vessel's critical structural components. The major charterers have introduced even tougher CAP standards as a requirement for charter. They demand that the CAP 1 or 2 ratings include a detailed fatigue assessment. 


Benefits of ABS CAP

 
  • Demonstrates maintenance and suitability for intended vessel charterers and contracts
  • Helps to demonstrate vessels are well maintained
  • Identifies areas for improvement to better prioritize maintenance and reduce the risk of unplanned downtime
  • Provides recommendations for enhancement of critical areas above class to meet charterers expectations and expand fatigue life

 

 


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