We provide qualified consultancy services and mainly focus on following questions:
- Are the funds spent in a proper way?
- Which funds are required to preserve the value of the asset?
- Are there savings potentials?
- Why is there a deviation between actual spending and budget calculation?
- Is the asset preserved in the best possible way?
- Are there any legal or operational/ technical risks, which may lead to reduced income/ hire or danger to the crew and/ or the environment?
- Is the vessel operated in compliance with rules and regulations (“risk of detention by authorities”)?
Due to the previous experience of our staff in different shipping companies and issuing houses, we know that financial and technical aspects always have to be considered together.
The physical Vessel Condition Survey covers all areas of the vessel and an inspection of the most important vessel documents and certificates as well as repair documents and class information. The rating of the vessel is based on the actual condition taking into consideration the vessel’s age, ship type, trading area, building yard and cargo carried. Information about maintenance condition and possible maintenance backlog is included in the report. Furthermore, the report includes information about forthcoming repair requirements and an operational and technical risk analysis. Our inspection does not only address the technical aspects of the vessel, but also the operational readiness and possible impacts on vessel earnings.
The Vessel Condition Survey may be combined with an Operational Costs Analysis to get “the full picture”.
The result is an independent condition survey report, a list of required repairs including costs estimation and a technical and operational risk analysis.
A physical Vessel Condition Survey for Sale and Purchase puts special emphasis on technical deficiencies and the required funds for their rectification as well as on those for the next dry-docking.
The results is an independent condition survey report, a list of required repairs including costs estimation and a technical and operational risk analysis.
Support by our trained masters and engineers may be arranged onsite during in-water surveys or during the handover of the vessel. In addition, desktop support can be provided for professional technical advice during the closing of the sale-on a case-by-case basis. These services are not part of any Sales and Purchase inspection and may be contracted separately.
The complete dry-dock cycle including preparation of specification, budget preparation and shipyard selection as well as invoice handling after completion of docking is supervised. When the vessel is in the dry dock, our surveyor attends the vessel onsite for some days to inspect the work carried out and to compare the actual works in progress with the work-done list and the invoice of the shipyard. After review of all invoices and all reports, a dry-dock report including all technical and financial information is prepared.
The result is a well-controlled dry-dock stay to ensure that the management goals of the docking will be implemented while the costs are kept under control and cost overruns are avoided by well executed planning.
We support our customers with our dedicated team in all areas of ship management by performing following services:
We do not prepare vessel valuation reports by ourselves, but have established a close cooperation with specialized valuation companies. We can extend any of our condition survey reports by a vessel valuation report upon request.
The actual and/ or budgeted operational costs of one or several years are analysed in detail. A ship-specific benchmark is prepared for comparison by our team of engineers and controllers to avoid any misleading conclusions resulting from inaccurate benchmark information. In addition to the review of past and present costs and cost development, insurance claims as well as technical and off-hire information are included in the evaluation.
The result is an assessment of the general costs level, the identification of savings potentials and financial risks and recommended actions.
Cash-flow charts for short, medium and long-term liquidity planning are prepared to achieve a reliable cost planning without “surprises”. A deviation analysis of planned versus actual expenses is prepared. Monitoring of cash pools and pooled charter rates are also arranged upon request.
The result is reliable cost-planning and the assessment of requirements for additional funds.
Technical, operational and financial performance of a vessel for a time-frame of up to five years is monitored to evaluate and control the complete class cycle of five years and to assess the total costs including docking costs. Periodical reports on financial and technical performance are drawn up.
The result is the timely identification of cost overruns, the identification of cost savings potential and possible financial and operational risks as well as continuous benchmarking of the vessel. Further, maintenance planning is supervised and unexpected peaks of expenses are avoided.
We perform analysis and evaluation of usual contracts in regard to Ship Management (for example Management-Contracts, Crew and Charter Party Contracts).
The result is an assessment of the terms and conditions of the contracts and the evaluation of the contract in comparison to standard terms and conditions of the industry.
We prepare customized seminars for our customers, mainly banks and administrators on different topics of ship management. Examples for seminar topics are:
We know how ship management works. We understand the questions and concerns of all shareholders and stakeholders involved. We make ship management transparent.
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