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Vessel Ownership Data works by building ownership trees from the vessel. There can be up to seven levels of ownership including:
Beneficial owner / UBO: The term ‘beneficial owner’ refers to the natural person(s) who ultimately owns or controls a company, and make the decisions that determine its activities.
Registered owner: The registered owner is the legal entity (i.e., company, trust, etc.) that holds title to assets on behalf of some other person or persons.
Technical Manager: A Technical Manager is responsible for the maintenance of the ship including: machinery, repairs, stores, spares, and crew.
ISM Manager: The company that is responsible for the implementation and certifications of the "International Safety Management" Code aboard the ship
Charterer / Third Party Operator: Charters are contracts where one party hires another party to use their asset for certain period of time. Third party operators are entities that operate a vessel on behalf of the owner. This could be a ship manager or freight forwarder, for example.
Commercial Operator: Responsible for the employment of the ship and it’s operations, chartering, bunkering, port services, and insurance.
Nominal Owner: Financial organisation behind the purchase of a vessel.
It is important to note that different suppliers will have slightly different names, structures and descriptions for these ownership levels, so it’s important to compare these with the ones you’re either currently using, or plan to use.
This data is typically arranged on a vessel up basis and mapped via IMO or other unique identifier.
Benefits
Ownership data provides contexts for a vessel’s history and operating profile. Different owners operate their vessels in different ways and this can be a key indicator of risk.
Ownership data is often deliberately obfuscated, so a database linking to all levels of ownership provides a huge benefit for any party looking to engage with that vessel.
Drawbacks
This data can be very hard to gather and needs to be updated often. Out of date information can lead to significant risk.
Different suppliers of this data have different definitions and names, which can make changing supplier, or comparing information with counterparts challenging.
Vessel Ownership
Vessel Ownership data provides the ownership tree of a vessel. It provides contexts for many use cases from compliance to business development, and gives end users an understanding of which organisations are responsible for the vessel they're interested in.