One of the first steps is to agree with the client on a budget matters. As the operation goes on, we produce monthly reports as to compare the budget with actual costs incurred, including a running cost analysis.
We will work with you on the preparation of forward-looking cash flow projections to account for payables, outstanding purchase orders, bunker stems, insurance costs, crew repatriation and other contracted costs, outstanding agent disbursements. Our managers can produce a budget for a voyage, calculating costs for crew wages, overtime, cash to master, accommodation and transport. Monthly reports are submitted to the shipowner.