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Shipcosts Optimise your vessel operating expenses and pay only for the result www.shipcosts.com

SHIPCOSTS is an innovative company to assist shipping and offshore industry to optimise vessels’ operating expenses (OPEX), with high-tech digital tools. By categorising the cost categories and understanding the drivers behind each category, we identify the innovative solutions for optimising operating expenses, without compromising safety and quality. We also provide the expert advice on OPEX estimation to financial institutions and investors. SHIPCOSTS is aiming to become a leading advisory company with innovative and creative approach, and the trustful partner to the clients.

We believe in innovative cost-reduction solutions, not in reactive cost-avoiding measures. Faced with ongoing market uncertainty and continuous pressure to optimise OPEX, we suggest companies to shift away from old cost reduction programs and embrace more strategic cost-saving initiatives via digitalisation. This can be done by unified efforts of experts in ship management, ship finance and IT. Our team has 14 and more years of international experience within the industry. Based in Norway, we have access to resources in the UK, Philippines, India, West Africa, Mexico, the USA, Eastern Europe and Scandinavia.

What we do

OUR VALUES Reliability • Safety and security • Collaboraton • Ambition •

Cost categories The following cost categories are covered by the analysis Crew wages ▪ Other crewing costs ▪ Crew travel ▪ Crew training ▪ Crew medical certification ▪ Visas, work permits and flag endorsements ▪ Crew insurance ▪ Sundry ▪ Spares, stores and lube ▪ Insurance and P&I ▪ Maintenance & Repair ▪ Vessel registration costs ▪ Management fees ▪

Example of cost drivers Crew • Flag State regulation • Union agreements rotation • Union tariffs •Crew nationality’s historical traditions • Local content requirements scheme •Crews’ employment contract (COE) • Type of vessel/rig Number of • Project requirements • Local content requirements crew • Number of cadets • Number of crew on sick-leave Number of • Crew nationality and country of domicile • Availability of global agent visas & work • Internal human resources • Communication process permits

Pricing Contingency fee (No saving no fee model) Fixed fee (Project fee) Per hour (or per day)

What you will get The outcome of the research is the report outlining an optimisation plan presented to and to be discussed with the management of the company. After the company has decided on various measures to be implemented we shall assist in execution of what has been decided.

Shipcosts Optimise your vessel operating expenses and pay only for the result E-mail : o.brattekaas @ shipcosts.com Tel: +47 46 21 46 33 Skype ID: olgaolevent www.shipcosts.com