NAVIMOR developed the combined technical and financial inspection of the credits advanced by the banks to Polish shipyards in 1992. These procedures offered the viable solution of the problems, while the situation of the industry was calling for the conservative approach at the financial sector.
The up-to-date experience proved the effectivity of the concept. The follow-the-leader attempts of other companies also show that our product won certain position on the market.
The combined technical and financial inspections are also offered for financing other industries: the complete investment projects in industrial installations, construction and housing industry, infrastructure.

The combined technical and financial inspections limit the risks of the bank-creditor. With the ongoing monitoring of the ship construction the financing is advanced to the shipyard as the job progresses and according to the job that has been originally scheduled for next stages of ship construction. At every moment the credit is advanced only to the limit set by actual progress of work.

Since the first contract of May 1992 the combined technical and financial inspections of the credits have been successfully completed on 39 ship building contracts worth 1,3 billion US dollars.

Bank Handlowy w Warszawie S.A., Bank Pekao S.A., Bank Gdański S.A., BRE Bank S.A., Polski Bank Rozwoju S.A., MHB Mitteleuropaeische Handelsbank AG, Bank Zachodni S.A., Powszechny Bank Kredytowy S.A., Kredyt Bank S.A., Citibank (Poland) S.A., ABN AMRO Bank (Polska) S.A.

In 1998-1999 the procedures of quality management system were verified and up-dated. The experts of Lloyd's Register Quality Assurance Ltd. were auditing the documentation and the operation of the system. They recommended the approval of the system.
The certificate of conformity of the quality management system with the requirements of ISO 9002:1994 standard was issued by Lloyd's Register Quality Assurance Ltd. on 29th of November, 1999.
The system covers the technical and financial supervision in the shipbuilding industry.
The certificate is valid to 30th of November, 2002.