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What to Look For in a VDR System

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A vdr is similar to a black box that is found on an aircraft. It can store a range of data that can be retrieved in the event of an incident that occurs on the sea. The system is comprised of a device that gathers information from sensors mounted onboard and a secure capsule that holds the data. It is designed to withstand fire, shock, deepsea pressur, and penetration. It is equipped with a satellite-locatable unit for communication that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations require that the system be equipped with a Concentrator that is able to process and decrypt the data gathered by the sensors, and a final recording medium which keeps it in a fixed and retrievable capsule that is able for surviving a catastrophic incident at sea. It is possible to conduct an inspection of the performance at any time. This can be conducted annually or following repairs or maintenance of the VDR or signal sources that transmit information to the system.

A quality VDR should have a mobile-first layout that lets parties sign in, look over documents and sign out on laptops and desktops, as well mobile devices and tablets while maintaining the core functionality. Make sure the software is user-friendly, as this will accelerate due diligence and deal-making.

Look for look for a VDR that has the ability to monitor user activity at the page level to create audit trails and provide insightful business information on document review progress. For example, if notice that the HR and legal due diligence teams are spending most of their time reviewing documents related to a specific topic, you can identify any liability issues early and address them proactively.

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