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Shipowner Agreement Fixed price liferaft exchange Fixed price liferaft exchange

Fixed price liferaft exchange


When fast turnaround time is essential

Is it better to own or rent liferafts? Actually, there’s a third alternative that brings you the best of both worlds. It’s called Fixed price liferaft exchange and combines a fixed annual fee with complete peace-of-mind services.

Liferaft exchange can be suitable for operators who need a fast turnaround time and can supply timely notification. In addition, it can reduce transportation costs, for example in connection with barge transportation. For your convenience, we exchange liferafts at the pier or warehouse.

How it works
At the start of the contract, existing VIKING liferafts are added to an exchange pool, and any non-VIKING liferafts are replaced* to ensure simplified, cost-efficient servicing to replace the liferafts you can choose to:

  • Purchase new liferafts or
  • Pay an annual fee for VIKING-owned liferafts
Pricing of our five-year contracts is based on the number and type of liferafts on board, the newer they are and the more you have, the lower the price.

When the contract expires after 5 years, you own the original number of liferafts you brought into the exchange pool and can choose among the following options:
  • Renew the contract for another 5 years
  • Purchase the VIKING-owned liferafts on board
  • Return the VIKING-owned liferafts on board
If two five-year terms have passed, you own all the liferafts without further costs.

Of course, it’s a VIKING solution. So we’ve built in flexible options to give you extra freedom during the contract period and upon expiry.

*VIKING liferafts manufactured more than 10 years ago will
not be included in the liferaft exchange pool.These liferafts must
be replaced with newer liferafts. Contact your local VIKING office
to find out if your equipment qualifies for liferaft exchange.*

How to get started
Contact your local VIKING safety expert to discuss which options are relevant for your operation. Important issues to discuss are the ports involved and the type and brand of equipment on board today.

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