An vdr system is similar to the black box on an airplane, storing a wide range of data that can be retrieved and analysed in the event of an accident at sea. The system is composed of a device which collects information using sensors onboard and capsules that protect the data. It is designed to withstand fire, deepsea pressure, shock and penetration. It also comes with a communication unit that is connected to the ship’s emergency position reporting system (EPIRB) and is able of being tracked by satellite.
IMO regulations stipulate that the system must be equipped with a Concentrator, which processes and encrypts the data collected by sensors, and a final recording medium which stores the data in a permanent capsule that can withstand a catastrophic maritime accident. It should also be able to conduct a performance test at any time, whether annually or following maintenance or repair work on the VDR and/or signal sources that provide data to the.
A great VDR has an interface that is mobile-first. It allows parties to sign in, look over documents, and sign out on laptops and desktops aswell mobile devices and tablets while retaining the basic functionality. Be sure that the software you choose to use is easy to use, as this will allow for faster due diligence and deal-making.
Search for look for a VDR that monitors page-level users’ activities to create audit trails and provide business intelligence on the document review progress. If you observe that HR and legal due-diligence departments spend the majority of their time looking through documents about a certain topic, you can identify any potential liability issues early on and address them in a proactive manner.