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Paris MoU Data Restrictions Pose Risk to Maritime Safety & Security

The Paris MoU has decided to restrict access to its PSC data. From January 1, 2019, the data will no longer be available to download - a basic requirement to enable various types of risk modelling. 
Other MoUs may follow.

Augment your decisions using 
live operational risk profiles

32,000+
SHIPS

PSC Data Makes a Real Difference 

Today, many organizations - including marine insurers, border protection and charterers - use PSC records to assess risk for ships and fleets.

Industry models that factor in PSC data (in addition to static data, such as age, type, DWT, ownership and past accidents), outperform models that don’t.  

Without PSC data, it's harder to distinguish between high- and low-risk vessels. Yet there is an even better way: using data that profiles the unique way a vessel is operated

91,000+
INSPECTIONS

Today, PSC is one of the only data sources that reflect a ship's dynamic risk. Without fresh PSC data, predictions will become increasingly biased over time. 

Moreover, it may create problems of trust and continuity for decision making; for example, a fleet previously rated “safe” might suddenly find itself rated as "high-risk", or vice-versa.

In practice, losing PSC data could mean more smuggling going undetected; insurers may write policies that don’t reflect all the risks; and more substandard ships may be allowed to sail, endangering other assets, the environment - and lives.

Check how PSC data is  weighted in your models

This is key if your models rely on risk scores from third-party data providers.

Simulate the potential impact on your decision-making

Compare model outputs with and without PSC data, and look for areas of vulnerability.

Implement new sources 
of dynamic data

Explore further augmentation of risk models by adding new, dynamic data sources.

Unravel the 'Shades of grey'

PSC-powered risk models outperform those without

Paris MoU is the 2nd largest source of PSC data

One Source, Outsized Impact

Domino Effect?

Risk Models Will Become Biased 

Can risk scores still be trusted?

40K dynamic data points will be lost

What Can You Do To Prepare?

Ship Safety Records Can Predict Accidents

Port State Control (PSC) is an international regulation allowing for ships to be inspected when they arrive in port, to ensure they comply with safety standards. 

Inspection results are made publicly available by regional bodies - such as the Paris MoU for Europe - to further promote maritime safety and security.

In 2017 alone, more than 32,000 ships were inspected, equal to around 40% of the world's merchant fleet. 

Why Port State Control Matters

Ships with poor safety records are almost four times more likely to have an accident

Small details can indicate big problems

Take the passenger ferry, Excellent. It was inspected twice in 2018. One deficiency was found. On October 31, it crashed into a crane in the port of Barcelona, setting off a fire.

True, compared with other types of ship, ferries are known to be more prone to contact accidents. But, in the case of the Excellent, its PSC record shows it was even likely to have an accident than other ferries.

December 2018

Charterers and Ports

Automated vetting systems

Marine Insurers

Technical pricing models

Law Enforcement

Automated targeting systems

Third Party Providers

Ship risk scores

How is PSC Data Used Today?

9,500+
COMPANIES

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