What to Look For in a VDR System

An vdr system is similar to the black box of an aeroplane, storing a wide range of data that can be retrieved and analysed in the event of an incident at sea. The system is comprised of a device which collects information from sensors mounted onboard and a sealed capsule that houses the vdr system data. It is designed to stand up to fire and pressure in deep seas, shock and penetration. It comes with a satellite-locatable unit for communication that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations stipulate that the system must be fitted with a Concentrator that process and encrypts the information from the sensors and the final recording medium that stores the data in a permanent and retrievable capsule, suitable to withstand a devastating accident at sea. It is possible to conduct a performance check at any time. This can be done every year or after repairs or maintenance to the VDR or signal sources that transmit data to the system.

A reliable VDR will have a mobile-first layout that allows users to sign in, read documents and sign out from laptops and desktops aswell with smartphones and tablets, while still retaining the core functionality. Make sure the software is intuitive, as this can speed up due diligence and dealmaking.

Search for look for a VDR with monitoring of page-level user activity, which can create audit trails, as well as provide business intelligence on document review progress. If you notice that the HR and legal due diligence teams spend most of their time reviewing documents related to a specific topic You can spot any potential liability issues early on and address them promptly.