Assess and position your project or acquisition

Overview

A thorough assessment of a project or acquisition is the foundation of a successful transaction, with both technical and commercial due diligence vital to assess and position the project or acquisition.

Choosing Lloyd’s Register as a due diligence partner gives you access to a single source of commercial and technical expertise, either for combined due diligence across technical and commercial issues, or confidence that the due diligence delivered in either the technical or commercial field will be readily synthesised into wider assessments.

What we offer

Our team has supported both commercial and technical due diligence work across ports, shipyards, vessel bunkering, green ship recycling, offshore fabrication and maritime design and technology centres. The team has both acted as a lead contractor for all due diligence work, and as a subcontractor supporting leading investment banks and ‘Big 4’ accountancy firms by conducting surveys, documentation review, project execution assessments, and other aspects of technical and project due diligence.

Our work has covered site assessments, asset evaluation, condition inspections, red flag reviews, and project execution reviews across a wide range of geographies. We can mobilise teams of specialists across project management and execution, documentation, surveyors, risk, HSEQ, HR, commercial, and market experts to conduct thorough and joined-up due diligence, anchored in a strategic understanding of the target and wider market.

What are the benefits

Thorough due diligence, especially when conducted by a contractor with a strategic understanding of the project’s place within a business and marketplace, enables investors to decide whether to progress with a project, whilst highlighting risks or potential changes required. Undertaken at the right phase in the transaction, appropriate due diligence can save significant resources by addressing any issues early in a project, allowing the fast-tracking of certain workstreams and focussing efforts on areas where further due diligence may be required.

Why choose LR

As the world’s oldest classification society, with a strong reputation for impartiality and track record of execution, Lloyd’s Register is a credible partner for commercial and technical due diligence.

Our commercial and technical network enable us to deliver accurate and detailed due diligence studies across the maritime and energy spaces. Our global office footprint means that we can swiftly and efficiently deploy qualified technical staff to assess facilities, whilst our commercial experts can leverage the LR network to understand both trends and competitive dynamics within the market.

Case study: Hambantota terminal Fit for Service (FFS) for bunker facility

Challenge

Hambantota International Port Group (HIPG) is the second largest port in Sri Lanka, strategically located just 10 nautical miles(19Km) from the world’s busiest maritime route linking Europe and Asia.

HPG approached Lloyd’s Register to issue a Fit for Service (FFS) report following a detailed technical review, analysis, and physical inspection. The inspection was applicable to all storage/blending tanks and their associated machinery and equipment, safety systems, along with the oil and other relevant pipelines. The scope also included two new jetties with associated pipelines.

The solution

Our first step was a review and appraisal of all built drawings. We then performed the FFS level I and II analysis as per prevailing rules, regulations, codes, conventions, and best-practice. Finally, we categorised defects and suitable recommendations for storage tanks and their associated machinery, equipment pipelines, metals, and their associated machinery.

The result

Upon our satisfactory completion of the FSS inspection, assessment, and evaluation report, the FFS was issued.