KPI013 | Fire and Explosions V4.0

Key Performance Indicator

This KPI expresses the company’s ability to avoid fire and explosions onboard the ship.

Interpretation	The KPI counts the number of fire and explosion incidents as reported in the company's internal incident reports.
Notes	Fire and explosion incidents are serious threats to the crew, the ship and its operation and should be accounted for. In cases where the incident is due to an external cause which the company cannot be accountable for, this indicator will penalize somewhat unfair. Even so it was decided to keep the indicator as it is. This means that the indicator carries some inherent measure of the trade and area in which the ship operates, as this influence the likelihood for such an incident.
Unit	Number of incidents
Scope	Ship level
Calculation period	Quarterly

Formula

[formula]KPI013 = PI032 + PI028[/formula]

PI028	Number of explosion incidents
PI032	Number of fire incidents

Ranking calculation example

Step 1: Calculate KPI value

PI028	Number of explosion incidents	= 0
PI032	Number of fire incidents	= 1
[formula] KPI013_{Value} [/formula]	[formula] = PI028 + PI032 [/formula]	[formula] = 1 [/formula]

Step 2: Calculate percentile rank by comparing KPI value against other ships with the same criteria. We assume that another 99 (100 in total) participate in the ranking with the same criteria and our ship has position 10 and you are the only ship in that rank.

Step 3: Calculate the percentile rank by capturing the count of all participant below your rank (cl). The frequency of ships in your same rank (fi). The total number of ships in the ranking segment (N).

[formula] KPI013_{Percentile Ranking} = \frac{cl+05*fi}{N} * 100 = \frac{90+0.5*1}{100} * 100 = 90.50 [/formula]

Interpretation: Based on the above example, we could say that, when it comes to KPI013 Fire and Explosions, this ship belongs in the 90.50th percentile of the ships that are being compared with based on its ranking criteria in the respective quarter.