The is the definitive international standard for maritime hull insurers to assess risk and prevent catastrophic financial losses at shipbuilding and repair facilities worldwide . Developed in 2003 by the Joint Hull Committee—representing Lloyd’s Market Association and international marine underwriters—the JH143 Shipyard Risk Assessment was introduced following a massive wave of shipyard fires and incidents that cost the insurance market over USD 740 million in a single multi-year period.
Unlike traditional mechanical audits, a JH143 assessment evaluates the overall risk landscape of a shipbuilding or ship-repair facility. Technical experts and independent marine surveyors review key operational layers to determine how well a yard protects both its infrastructure and the vessels under construction. Shipyard risk assessment and JH143 surveys jh143 survey report