European Institute of Management and Finance | Shipping
26335
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Shipping

Maritime training with the EIMF

The European Institute of Management and Finance EIMF will continue to offer a number of Training Offerings under its established Maritime Academy, working with established and internationally recognised experts in the field.

 

With titles selected to cater for the needs of Maritime professionals in the region, they will offer the required knowledge and skill to excel in this ever-competitive industry.  We will work on enhancing the scope of our topics with our goal being to establish Cyprus as the hub for Maritime Training in the region.

– Our programmes for the Shipping and Maritime industry include topics such as –

The tax climate is changing – for the worse. Corporations face tougher requirement, more educated tax inspectors, higher penalties, tax investigations that might last for 10 years before it is taken to court and sky high penalties. Penalties are cumulative, and for example one single error in the Transfer Pricing documentation might open up for potential penalties in more than 100 countries and the total tax might exceed 100 %. Tax risks has become one of the 1-3 highest risk for multinational corporations and corporations have to be proactive and prevent themselves.

Globally, the World Economic Forum has estimated that the cost of corruption is about US$2.6 trillion a year, and it has a damaging effect on countries’ GDP, on businesses, on all stakeholders. It create some significant risks like reputation risk, financial risk, compliance risk, risk of penalties etc. and corporations need to put anti-corruption on the agenda. Companies and organizations like Rolls Royce, FIFA, Siemens, Petrobras, Odebrecht and many others have damaged their reputation so badly that it might never been the same again. Board Members, top managers and even employees have been convicted and companies have been fined billions of USD in fine. Corporations need to be proactive, mitigate the risk and prevent the business, top management, employees, investors and other stakeholders from corruption.

Most well run organisations have an Occupational Health and Safety (OH&S) policy which usually includes a statement along the lines of “we will pursue the goal of no harm to people”. In other words no one should be harmed by anything that they have control over. An admirable aim but, how do they achieve it – with an Occupational Health & Safety Management System (OH&S MS) of course. So, if someone is harmed then it is logical to conclude that there must be something lacking in the OH&S MS.

 

Furthermore, any corrective actions following an incident must be embedded within the OH&S MS so that the organisation can “learn from the experience”. Front line supervisors are key to implementing the OH&S MS. They are on the first rung of the management ladder and have daily contact with the workers. This workshop is designed to help supervisors: a) understand their OH&S role and responsibilities and, b) how they can be more effective and more efficient.

Audits, Inspections and Vetting form a major part of mechanisms used to monitor, control and support quality of ship operations, and compliance with statutory national and international regulations. Unfortunately, with the number of audits, inspection and vetting regimes in force in present times, there is often confusion in minds of shipboard officers and shore staff as to what are the specific requirements of each regime. This training program aims providing a simple, yet profound introduction to the different regimes, their genesis and their specific requirements, and how one could be better prepared to deal with such events.

Evolution from a shipboard officer focussed largely on technical and operational matters, to a shore based managerial position of a superintendent can often be challenging. With several vessels under one’s supervision, and having to deal with multitude of shore based entities and shipboard issues, one may often feel a sense of lack of control as a superintendent. This often happens due to lack of preparedness for taking such a position. This program aims at bridging the gap in knowledge and skills that can transform a competent ship board officer in to an effective ship superintendent.

Communication is the single most important aspect which provides cohesiveness to any organization. It is like a thread which binds the different functions, departments, people in any organizational structure, be it ships, shore, or the entire company. It is generally found that the root cause of most organizational issues directs towards a lapse or a weakness in communication at some level. This program aims at introducing the fundamentals of effective communication and attributes which make one an effective communicator.

Any of these topics are offered to organisations as In House training. For larger groups of people or for groups participating in more than one subject, as well as Members of YoungShip Cyprus and Members of Cyprus Shipping Association,  please note that we offer greater discounts,  please contact us for further information.

 

The Experts

Dr Knut Olsen is a Chartered Global Tax Practitioner and a Chartered Transfer Pricing Specialist and a partner in Dr. K. Olsen Global Tax in Norway, a company that was voted as ‘a world leading tax firm’ in 2016 & 17 by World Tax. Mr Olsen has 36 year of experience in taxation and specialises in international taxation, tax risk management, transfer pricing & tax appeals and supports multinational corporations worldwide. As a global business advisor for large multinational corporations, Olsen fully understands international business and the challenges it faces, pitfalls and risks, but also opportunities and solutions.

Mr Ken Maddox C.Eng MIET, DPGS has over 30 years’ experience in upstream oil and gas: construction, operation, and maintenance. Since starting his own consultancy in 1999 he has worked with some of the leading oil and gas exploration and productions companies in Europe, the Middle East, the Far East, and Russia delivering more than 100 Tripod Beta courses in more than 25 locations around the world. He also has current hands-on incident investigation experience. Ken is a Chartered Engineer, a member of the Institution of Engineering and Technology and holds a postgraduate diploma from the University of Birmingham (UK). He is also one of a handful of accredited Tripod Beta Assessors.

Mr Pawan Kapoor, the Chairman and Managing Director of ISF Maritime Services Pvt. Ltd, Chief Executive of ISF HR, and Founder & Trustee of Inner Search Foundation – A charitable trust, has vast and varied working experience of over 36 years in the maritime industry of which 26 years has been with maritime education, training, quality assurance, development and management of organizations and related activities.  The highlights of his 26 years’ shore career have been the development of the International Maritime Training Centre – IMTC, which he was also leading from 1998 to 2002. He was then the Chief Executive of the Tolani Maritime Institute, the premier private maritime institute in Pune India.