ON LINE SEMINAR
Using real examples from the shipping market, we will focus on:
Feasibility Study
Assess the potential acquisition of a ship. Which valuation methods we can use, in order to have an in-depth analysis whether it will be a successful investment or not.
Forecast the cash flow of the vessel. Describe and calculate the inflows and outflows that we have to use in the NPV valuation method.
Calculate the discount rate of return and interpret the result of the NPV including Sensitivity Analysis in our study.
The use of IRR and what is the difference between the NPV and the IRR valuation method. Describe the Pay-Back Period valuation method.
Calculate the TCE that makes the NPV zero and what it means.
Evaluate alternative payment terms to a shipyard using NPV.
Bank lending
The main factors that affect lending.
How the financial market conditions and the shipping cycle can make the lending either catastrophic or successful for the shipping company.
How the profile of the owner and his “appetite” affect borrowing.
Comparison between different lending proposals. Which suits best our company’s profile?
A walkthrough from taking an offer from a bank to the signing of the loan agreement.
Estimating the Daily Cash Needs
How much money do we have to earn on a yearly and daily basis –TCE Revenue, in order to cover the working capital needs and the loan repayment.
The main assumptions we have to make and how different loan proposals affect the daily Break Even point.
Demolition or not?
Using the NPV valuation method how we can assess whether we have to sell / scrap the vessel or not. The main assumptions we have to make and how easily we can calculate it.
Budgeting
What is “Budget” and what is the difference between “Top- Down” and “Bottom – Up” budget.
The reasons why we have to focus mainly on the operating cost.
Budget compilation, what parameters we have to take on account and what kind of information we need to know from each department of the company.
The importance of the Administration cost. What are the main categories of this type of cost and the way of allocating this cost to a fleet of vessels.
The main cost categories in shipping and how we can recognize each category.
Budget Monitoring
On which periodical basis we have to compare between the Budget and the Actual amounts.
Where do we find the actual amounts in order to calculate the differences and how do we justify them?
What is variance analysis and as it is a very popular tool in the healthcare, service, and manufacturing industries, we will demonstrate how we can use it successfully in the shipping industry also.
Voyage Results as profit unit
Calculate the result, profit or loss of a single voyage.
Create an “Accounting” Profit and Loss Statement and a “Cash Basis” Profit and Loss Statement from a single voyage.
From the voyage results to the yearly Profit and Loss Statement.
Who should attend:
Ship-Owners, CEO – COO – CFO, finance & accounting managers and supervisors, financial analysts, auditors, bank executives, accountants and assistants, all related finance, accounting, maritime directors, executives, associates, graduates and students.
Date: Upon Request
Total hours: 15
Through www.zoom.us (On line)
The seminar will be delivered exclusively online, once your registration is completed, you will receive all the information and the link. For your participation is required an internet connection, a camera and a microphone.
Cost: Please contact us
(Including: Free E-book. The certificate of attendance of Feel the FLOW. Evaluation form)
If you are interested in 2 participants and more, please contact us to find out our offers.
We also provide high quality training through In-house seminars, designed to meet your company needs. Please contact us to find out our offers.
Contact:
Feel the FLOW – PALLA KONSTANTIA: Gounari 78, 16561, Glyfada – Greece
Tel: +30 210 9607154
Mob: +30 6937141802, +30 697 899 0215
Email: info@feeltheflow.gr, Website: www.feeltheflow.gr
Trainer
Ioannis Litos, Financial Analyst in a Ship Management Company, MSc in Shipping and Logistics from the University of Piraeus, MSc in Accounting and Finance from Athens University of Economics and Business Our trainer is a highly experienced professional with over 15 years in the shipping industry. During his career, he has worked as an accountant in MGA, D/A’s and Greek Accounting departments. He currently holds the position of senior financial analyst in a large traditional Greek Shipmanagement company. His main responsibilities cover the fields of feasibility studies for potential vessel acquisition, budget compilation and budget monitoring of company’s fleet operating cost, voyage report analysis, lending proposal appraisal, negotiation – communication with international banks. He is responsible for various projects of his company such as the implementation and the upgrade of a new ERP system and the “communication” channel between his company and the external auditors. Through all the above he has gained an in depth knowledge of accounting and financial procedures and an excellent understanding of financial audit. He holds a bachelor’s degree in Shipping from the University of Piraeus, a MSc in Shipping and Logistics from the University of Piraeus, a MSc in Accounting and Finance from Athens University of Economics and Business and he is a member of the Economic Chamber of Greece.
