Are any periodical checks made on the Company after it is issued with its DOC?

Yes. Annual safety management audits (officially called verifications) are carried out to maintain the DOC’s validity, within 3 months either side of each anniversary date.

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What happens if the annual DOC verification finds that any corrective action needs to be taken in the shore-side SMS?

An Interim DOC is issued to a Company when a new ship type is added to the fleet. Must the Company’s existing ships carry a copy of the Interim DOC?