An accessory installation pallet for handling an accessory on an offshore vessel includes a pallet frame and multiple pivotable deck sections. The pallet frame provides the pallet with structural rigidity and is provided with fixating devices for securing an accessory, e.g. a PLET, to the pallet. The pallet frame is furthermore provided with one or more coupling devices adapted to couple the pallet with a PLET handler, to allow the PLET handler to pivot the pallet from a horizontal transport position into an upright support position. The pivotable deck sections are pivotable mounted in the pallet frame, such that each deck sections can pivot between a folded position, in which the deck section is located adjacent the pallet frame, and an extended position, in which the deck section extends in a direction away from the pallet frame.