Liferaft Exchange Agreement for Wilhelmsen

December 9, 2009

The world’s leading maritime service network Wilhelmsen Ships Service has entered an agreement with German company DS-Schiffahrt / Quadrant Bereederung to supply liferafts to their entire fleet of 39 vessels.  In an agreement worth $200,000 per annum, the liferafts will be supplied within Wilhelmsen Ships Service’s unique Liferaft Exchange Agreement, which exchanges service-due liferafts off vessels and immediately replaces them with serviced ones.  By avoiding a delay period where a vessel would have to wait for a liferaft to be serviced, the system both saves money and increases the operational efficiency of each single vessel.

The service system provides a dockside exchange of liferafts, ensuring that each vessel is always prepared for annual inspection and meets safety legislation.  After initial installation of their liferaft product Wilhelmsen Ships Service simply removes and services the due date liferafts and later installs them onto other vessels.  The company handles all management and date alerts for each vessel to ensure that the liferafts are swopped in due time prior to service date. 

(www.wilhelmsen.com/shipsservice)

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