SeaOne Maritime Corp. is contracting ABS to class and certify the proposed conversion of several existing 150,000 dwt suezmax oil tankers to Compressed Gas Liquid Carriers (CGLCs). Earlier this year ABS issued its Approval In Principle, or AIP, on the SeaOne containment system using the ABS Guidance Notes on Review and Approval of Novel Concepts. The ABS AIP process draws upon engineering, testing and risk assessments in order to determine if the concept provides acceptable levels of safety in line with current offshore and marine industry practice. The methodology relies heavily on risk assessment techniques as a way to better understand and anticipate structural and operational issues related to a new or novel concept.