Sanctions tracker
A UK-based marine assurance tech company has widened its sanctions tracking offering.
Previously only available as a premium subscription (Mainstay Pro), MIS Marine has launched Mainstay Core, an entry-level option providing consolidated vetting data to help ship charterers be compliant and minimising risks for ports and terminals.
Dominic McKnight Hardy, managing director at MIS Marine, said that marine assurance was about more than simple vetting. “It’s about understanding your complete risk profile,” he said.
“Those risks come in many forms, from compliance and regulatory failings to indirect business with a sanctioned entity. Through its sanctioned data tracking, Mainstay Core automatically alerts you to any sanctions and compliance threats, helping you stay informed of every detail that could affect a vessel’s suitability and jeopardise your reputation.”
The maritime industry is currently facing more than 2,000 sanctions due to the Ukraine crisis. Mainstay Core provides full access to marine assurance data such as OCIMF (SIRE, BIRE and OVID), IHS, USCG, AIS Tracking and sanctions, to make effective screening straightforward.
It provides a complete data view and responsive compliance tracking making vetting simple for tankers, barges and offshore vessels, providing berth-to-berth assurance of an entire journey, contract or project.