An vdr is similar to the black box in an aeroplane, storing many kinds of information that can be retrieved and analysed in the event of an incident at sea. The system is made up of a device that collects information using sensors onboard and capsules that safeguard the data. It is designed to withstand shock, fire and deep sea pressure penetration. It comes with a satellite-locatable communications unit that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations require that the system be equipped with a Concentrator which processes and encrypts data gathered by the sensors, and an end-to-end recording medium that stores it in a fixed and re-usable capsule, able to withstand a catastrophic accident at sea. It should also be able to conduct tests of its performance anytime, whether every year or after repairs or maintenance work http://www.digitaldealdataroom.info/database-access-control-best-practices/ to the VDR and/or signal sources which provide data to it.

A good VDR should feature a mobile-first layout to enable parties to sign in and review documents on laptops, desktops tablets, and mobile devices and maintain the same core functionality. Make sure that the software is user-friendly, as this will help accelerate due diligence and deal-making.

Look for a VDR with monitoring of page-level user activity to generate audit trails and provide business intelligence on document review process. If you notice that HR and legal due-diligence departments spend most of their time reading documents on a certain subject, you can identify any potential liability issues early and address them in a proactive manner.