In line with the company’s policy of maintaining a thorough and up to date understanding of the vessels’ structural, operational and cosmetic condition at all times, technical personnel are visiting each vessel at least twice each year and prepare an analytical technical report which is circulated to the top management. The company is using MESPAS, to monitor the PMS activities of the fleet which is always up-to-date by vessel to shore synchronization. Historical data and statistics are maintained for all vessels measuring performance on various aspects, including but not limited to, vetting inspections and PSC inspections.
In-house training in ISM, ISPS, MLC, ISO, STCW, Structural Assessment, Drug & Alcohol abuse and Hazardous Material is conducted for all Senior Officers prior joining vessels. On board training in the above and additional subjects is conducted for other officers and crew, via CBT (Seagull). Regular scheduled and unannounced drills and exercises are being held ashore and on board. Table-top drills in VRP and California plan are carried out on an annual basis, through our QI in the US, mssrs O’Briens (for oil tankers) and Gallaghel Marine (for LPG vessels). Evaluation reports are used for identification of training needs. Near misses and incidents are analysed and circulated to all vessels as lessons learned. Since January 2018, Paradise Navigation SA is an active participant of the “Partners in Safety” initiative by Shell. Through participation in the relevant forums, we are working together with the leading shipping companies towards the ultimate aim of achieving “zero incidents” within our industry.
Through our crewing department, we cover recruitment for all ranks, using Greek, Montenegro, Romanian and Philippine officers and ratings. We are also supervising the recruitment process made by our Montenegro and Philippines agencies which provides us with candidate to join our fleet. For all nationality crew handled by our office we provide operational assistance such us: meeting visas formalities, flight arrangements and procedures, certification, Flag State applications and all other points related to safe embarkation/disembarkation of seafarers, issuing contracts and presenting terms and conditions, collaboration with ship agents, travelling agencies, external vendors, keeping updated files of sea staff in local shared drives are among some of the services we offer.
Since the new operation started, the company has focused its efforts on building and steadily developing best possible relations with leading underwriters, particularly in the Norwegian and London risk markets. At present, the company has all of its vessels comprehensively covered for Hull and Machinery and allied risks with Gard as leaders. All vessels are entered with Gard P&I club. Fleet experience has been very rewarding and the fleet has excellent results in both Hull and Machinery and P&I. Paradise maintains regular face to face contact with all underwriters and Club principals who regularly visit and discuss openly with all departments.
Accounting, Finance & Reporting
Accounting: Prepares individual and consolidated financial statements by USGAAP released on a quarterly basis and audited annually. Coordinates payments, monthly payroll and crew allotments and issues weekly cashflow reports.
Corporate Finance: Arranges bank loans or other sources of financing, private equity or debt. Manages all matters related to banks and shareholders or investors.
Reporting: Prepares Monthly Management Reports, including proforma P&L statements, OPEX breakdown and full cost analysis compared to the budget.