Ship vetting platform RightShip is giving subscribers a much needed insight into sanctioned companies and ships.
RightShip is integrating London Stock Exchange Group’s (LSEG) World-Check into its platform to allow end-users, including charterers, financial institutions, traders, port authorities and shipowners to screen and assess vessels and the maritime companies that they do business with for risks associated with sanctioned or embargoed vessels.
The sanctions database contains more than 4m records. Specifically, the integration will encompass all maritime vessels listed on sanctions, watchlists, and enforcement lists. This includes information on vessels that are registered in, linked to, or flying the flag of a sanctioned country or entity. When applicable, it will also cover details of the registered owners and beneficial owners connected to these vessels.
“By collaborating with top maritime due diligence and sanctions intelligence providers, we’re offering our customers a vetting solution that fills the gaps in their shipping risk management workflows,” commented Steen Lund, RightShip’s CEO.
