Technical
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 obliged
to visit each vessel at least twice each year and prepare an analytical
technical report which is circulated to the top management. The
company had been using a six month planned maintenance system (hardcopy
PMS) but has now signed a contract with ABS to install and use a
computerised PMS. The Technical staff have access to company's computers
from home in a.o.h.
Safety
In - house training in ISM, ISO, STCW, Structural Assessment, Drug &
Alcohol abuse and Hazardous Material is conducted for all Greek
senior officers prior joining vessels. On board training in the
above subjects is conducted for other officers and crew.
Regular scheduled and unannounced drills and exercises are being
held ashore and onboard. Last Table-top drill in VRP and California
plan was carried out in Sep 2006 and next is planned for end Sep
2007. Evaluation reports are used for identification of training
needs. Near misses are analysed and circulated to the vessels in
order to avoid reoccurrence. The Safety staff have access to
company's computers from home in a.o.h.
Crewing
For maximum control, communications and reliability, the
Company uses normally four Greek officers with Yugoslav and
Philippine officers and ratings. The Company has access to a pool of
Greek Officers known to them for many years and this gives
additional security to the operation. Before boarding vessel’s under
management, all Master’s and Chief Engineers undergo extensive
briefings (typically weeklong) at Company’s offices. The crew is
obtained from top rung international crew agents well established in
Piraeus for this purpose. All are fully instructed to ISM rules and
practices by the Company.
Insurance
Since the new operation started, the company has focused
its efforts on building and steadily developing a very good
relationship with leading companies in all sectors of the Norwegian
Risk Market. At the time of writing, the company has all of its
vessels covered with Gjensidige and Unitas (leaders & co-leaders
respectively) for H&M and Gard for P&I. The company believed in
principal in the Norwegian Market and its experience with it so far
has been very rewarding. Paradise maintains regular face to face
contact with all underwriters and Club principals with yearly visits
to Normay. Paradise, has had absolutely no H&M claims so far, after
about 8 years in operation.
Accounting & Finance
All accounting statements for all companies are
produced bi-annually. The end of year accounts are Audited by Moore
Stephens, whereas the ones at the end of June are un-audited.
