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 Danaos installing a computerised PMS ashore and onboard.

Safety
Inhouse 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, via CBT (Seagull). 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 2010 and next is planned for end Sep 2011. Evaluation reports are used for identification of training needs. Near misses are analysed and circulated to the vessels in order to avoid reoccurrence.

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.