Chapter 2- Corporate Management

Bluewave Shipping Section 3- Risk and Opportunities

Blue Ocean Blue Economy
Revision Number 00
ESTD 2021 Date 10 Oct 2021

Risk:
- Non-compliance to the regulations and requirements
- Non compliance with the company organogram
- Non qualified staff
- Loss of potential business
- Awkward incident due to poor management style
- Not complying with the company objectives
- Failure to provide technical services on time
- Failure to provide company’s legal documentation
- Non compliance with the STCW requirement
- Failure to build up communication at emergency time
- Not updating with the latest technology and regulation
- Failure to maintain quality of education and training
- Loss of Reputation
- Lack Of proper training and knowledge of provided crews
- Communication failures between ship and shore parties
- Crew deserting from ship

Obligations:
- Selecting, contracting and managing the crew, including, when applicable, the negotiation of salaries, the
negotiation of pensions, social security contributions, taxes and other obligatory concepts relating to their
employment, payable in the state of residence of each crew member.

- Ensuring that the requirements of the flag state’s legislation are complied with regarding the rank, qualifications
and certificates of the crew as per the requirements of STCW95 and also employment regulations such as the crew’s
taxes and social insurance.

- Ensuring that all the crew members have passed a medical check–up by a qualified doctor (flag state requirements
or other, higher, medical standards agreed with the ship owners).

- Ensuring that crew members work with a common language (as per the ISM Code and the ISG Code –
international safety code), as well as a sufficient knowledge of English to carry out their work safely (multicultural
crews).

- Ensuring that crews receive training in the ISM Code.

Opportunities:
- Employment generation
- Contributing to the National GDP
- Worldwide business expansion. Bangladesh is a maritime nation
- Exploration of Blue Economy
- Utilization of Sea resources
- Growing National Merchant Fleet
- Expanding Maritime training & Seafarers

issued by Director, Maritime Affairs Approved by Managing Director Page 1 of 1 Uncontrolled when printed or copied.