What to Look For in a VDR System

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A vdr system is similar to the black box on an aircraft, and can store various kinds of data that can be retrieved and analysed in the event of an incident at sea. The system is composed of a device which collects data by using sensors mounted onboard, as well as an enclosure that protects the data. It is designed to stand up to fire as well as shock, pressure from deep sea, 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 equipped with a Concentrator which process and encrypts data gathered from sensors, as well as an end-to-end recording medium which stores the data in a permanent capsule that can survive a catastrophic maritime accident. It should include the capability to conduct an examination of performance anytime, whether every year or after repairs or maintenance on the VDR and/or signal sources which transmit data to it.

A good VDR should have an interface that is mobile-first. It lets parties sign in, check documents and sign out from desktops and laptops as well phones and tablets while still retaining the core functionality. Make sure the software is user-friendly, as it will speed up due diligence and deal-making.

Search for a VDR with a page-level monitor of user activity to generate audit trails and provide business insights on document review process. If you observe that HR and legal due-diligence teams are spending the majority of their time looking through documents on a particular topic it is possible to identify any potential liability issues early and address them promptly.