ANNAPOLIS, Md., Nov. 16, 2016 /PRNewswire/ -- TRACE International, the globally recognized anti-bribery organization is pleased to announce a partnership with RightShip, provider of the world's most comprehensive online maritime safety and environmental risk management system, to support anti-bribery compliance in the maritime industry through TRACEcertification of vessel owners. TRACE certification is a comprehensive due diligence review, analysis and approval process which is based on internationally accepted standards and administered by TRACE. Completion of the certification process underscores a vessel owner's commitment to commercial transparency, reducing risk to charterers. RightShip's enhanced vetting platform, RightShip Qi, harnesses big data, predictive analysis and real-time risk assessments which allow charterers to make well-informed decisions about the vessels they choose to engage. Risk ratings and credentials for vessels are displayed on the RightShip Qi dashboard alongside the TRACE Compliance Rating (CR), however the CR does not form part of the RightShip risk assessment. Vessel Owners who have completed TRACE certification receive a rating of CR-1, CR-2, CR-3 or CR-3s. The lower the number, the lower the level of bribery risk associated with that vessel owner. Upon viewing a vessel owner's CR, the charterer is strongly advised to contact them directly to obtain and review a full copy of the TRACE certification Due Diligence Report regardless of the risk level. TRACE certification reduces the cost of compliance throughout the shipping supply chain; vessel owners save time and budget by not having to complete due diligence reviews for multiple charterers, and charterers have pre-vetted entities available to them. "Shipping is considered a high-risk industry and we are pleased to partner with RightShip to increase commercial transparency in a traditionally opaque industry," said TRACE President Alexandra Wrage. "Completing TRACE Certified Due Diligence is a practical way for vessel owners to demonstrate their commitment to international anti-bribery standards while keeping compliance costs low." "Shipping carries 90% of the world's trade and RightShip Qi works to improve maritime safety and efficiency," said Warwick Norman, CEO of RightShip. "The TRACE Compliance Rating is an excellent addition to the new platform, promoting transparency and assisting charterers to select the right vessel and the right owner."