Report & Audit

3. REPORTING TO PRINCIPALS

Each Ship Owner has his own unique systems and requirements. The company takes pride in its flexibility to formulate tailor-made systems oriented towards each unique requirement. Among various specific reports made available to Principals are:

  • Vessel Inspection Report - Every 3 months
  • Vessel Condition Report - Every 3 months
  • Lub oil Report - Every month
  • Statement of Accounts - Every month
  • Variance Report - Every 3 months - (Budget Vs Actual)
  • Trial Balance - Every 3 months
  • Liquidity forecast - On request

4. NEW PROJECTS

Company's experience in Ship Management enables a very thorough assessment of ships offered for management. Elaborate routines are followed for assessment of current condition and asset value. Management costs are initially indicated from the company's wide experience on vessels of similar DWT, Age, Type, Flag & Trading pattern. Pre-delivery inspections by company's technical team are carried out on assessment of upgradation, renewal work involved and submission of pre-delivery repairs/modifications budget to Owners. The Preliminary inspection Reports/ recommendations and pre-delivery budgets approved by the Owners, provides for systematic, smoother and efficient consolidation of all Management Responsibilities.

5. AUDITING

QUALITY AND MANAGEMENT AUDIT

Well-developed Quality Management System is established on board each vessel as well as in the corporate office. Rigorous internal quality control has been exercised since inception of the company.

Vessels under management were certified for compliance with the International Safety Management (ISM) code for Safe Operation of Ships, Safety of life at sea and for Pollution Prevention and the ISPS Code. The true reference of our work is evident from the Vessels we manage and the Owners we serve. Please visit our vessels photos webpage at Vessel Pics 1 & 2 to see the results of PMS.

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