Commercial Corporate Management : Magura Siloz SRL

Commercial & Corporate Management

Vessel employment on spot, TC, Pool, or BB charters while monitoring market activity for new opportunities
Monitoring vessel speed/performance, schedule, and vetting inspections in cooperation with Technical Management team
Handling of charter party negotiations, disputes, FDD and cargo claims, bunkering, agencies, freights and hire payments

Evaluate and report relevant information, relating to the vessel and material events relating to the Company, to the Board.
Corporate affairs, forward notices to convene Board meetings, as well prepare agenda and circulate board material, minutes etc.
Commercial reporting to the Board with quarterly brief of current operational income and expense and make valuation whether in line with market estimates for earnings and operation expenses.
Monitor and review reporting from the Technical Manager, monitor vessel OPEX actual versus budget performance, and take pro-active measures when considered prudent.
Liaise with auditors to prepare budgets, interim accounts quarterly, and annual reporting and book-keeping statement and liaise with auditor.
Manage communication with Creditors and Banks, monitor the Company´s compliance and contractual obligations.
Debt financing, monitor market for optimal timing and availability of debt financing, as well prepare lender pitch including market overview, cash flow forecast etc.
Appoint external advisors or instruct legal advisors, auditors etc.
Sale and Purchase of any kind of vessel, including and not limited to MOA and closing details.

Service