ABOUT US

Maximizing the efficiency of maritime operations can be a daunting task. As a ship owner, there are many variables to manage – dealing with port agencies and suppliers, managing charters, brokering resources and streamlining the voyage itself are just a few examples of the complexities of commercial ship management. We deal with any eventuality quickly and efficiently, so you achieve optimal revenue and keep costs at a minimum.

UGAS and Oil Shipping Ltd is perfectly equipped to handle the many challenges and responsibilities involved in Commercial Ship Management. Our team will provide a full solution that is tailored to your needs, allowing you to focus your attention elsewhere without worrying about the continuity of your commercial and day-to-day operations.

MISSION AND VISION

To organize safe, reliable and smooth transportation and ensure the highest quality of cargo delivery.

Our vision is to be a model ship management company, to set the highest standards for the transportation of petroleum products. We constantly strive to carry out our activities without any accidents, harm to people and the environment.

OBJECTIVE

Objective is to provide highly reliable and professional charter and commercial management services to our clients to help our clients achieve their ship voyage business objectives without any fuss.

Experienced and highly skilled people are our strongest and most valuable asset. It matters how our ships are staffed and how they are managed. The good performance of our people is the foundation of our business, the key to our success and what we focus on in training, positive attitude building and continuous learning.

COMMERCIAL MANAGEMENT

We offer Commercial Management of the vessel(s) on behalf of the owner to the vessel owners, both on time charter (bareboat) or voyage charter basis and from spot- to period employment.

As Commercial Managers, we do our utmost to ensure creative, prompt and cost effective operations and have the sole responsibility for the day-to-day commercial management of the vessels under Time Charter, Voyage Charter, in Pooling arrangements and Contracts of Affreightment. We attend to supervise and perform all matters and details involving the commercial management of the ships including but not limited to:

  • Fixture and post-fixture (negotiation of charter parties)
  • Voyage estimation
  • Collection of freight
  • Resolution of charter party disputes
  • Voyage Planning and Scheduling
  • Voyage Instructions to Masters
  • Liaison with Charterers
  • Bunkering & Fuel Supply
  • Appointment of Agents & Liaison / Instructions to Agents
  • Voyage Monitoring and Follow-up during Voyage
  • Vessel Performance Control
  • Lay time Calculations
  • Checking / Analysis of Disbursement Accounts
  • Invoicing and timely Recovery of Charter Hire / Freight / Demurrage / Consumables and any other relevant expenses to be billed to Charterers under the Charter Party.

SERVICES

Generally we can provide you: Commercial Management encompasses the various modes of vessel’s employment on behalf of the owner, either on time charter (bareboat) or voyage charter basis, from spot to period employment.  It also includes providing the three main groups of services rendered by Company as Managers to their clients.

Chartering

Chartering is a core activity of any commercial management process which in accordance with BIMCO’s Standard Ship Management Agreement “SHIPMAN 2009” comprises but is not limited to “seeking and negotiating employment for the Vessel and the conclusion of charter parties or other contracts relating to the employment of the Vessel”. Depending on owners’ requests we provide for each ship voyage, single time charter (“time charter trip”) or where required period employment.

Operations

The Operational aspect of commercial management is a crucial part of the equation. This is the area where money can be saved or lost and a voyage can be made more or less profitable. Our experienced ship operators ensure the safe and efficient handling of all the ships and the smooth execution of all voyages.

We are in constant communication with our competent ship’s Masters as well as with charterers, brokers, port agents and bunker suppliers.

Our operators are fully aware of the vital importance from a commercial viewpoint of the effect their work will have in the context of the competitive environment within which shipping operates and as such there is constant liaison with the commercial department to ensure that any/all possible problematic situations which may arise are dealt with promptly and efficiently.

Calculations, controls & accounting

It is hard to imagine that modern model of commercial management could exist without comprehensive system of such tools as voyage estimating and accounting, actual voyage results calculations, full load calculation, advising shortest routes for the vessel, calculation of hire, freights, demurrage and despatch monies from or due to the charterers of the Vessel, accounts control, performance analyses in the form of time charter equivalent for any period required.

All above tasks, which we carry out with assistance of up-to-date marine IT solutions, ship management and accounting software, are vital to the profitability of shipping business.

UGAS and Oil Shipping Ltd.