FINANCING AND ACQUISITION
Shay Ventures will partner with clients to assess their needs and timeline to determine the appropriate vessel and status (new or refit). We can then oversee the complete process and ensure your interests are met.
Shay Ventures can be involved in:
Conducting a comprehensive needs assessment
Financing, negotiations
Selecting all required contractors and experts
PRE-PURCHASE SURVEYS
Shay Ventures can coordinate the survey of vessels for pre-purchase on behalf of the client to ascertain the vessel's condition and suitability for the client's envisaged requirements.
In general a survey will include, but not be restricted to:
External hull condition
Full deck condition survey
Rigging and sails (where appropriate)
Internal living area condition survey
Layout to meet client needs and potential
Internal hull survey
Machinery and equipment
Bridge & Navigation equipment
Safety equipment
Tender and toys
Classification and Flag state compliance (if required)
Plus any specifics as per the client's request
A survey is followed by a report on conditions including pictures and relevant references.
NEW BUILD MANAGEMENT
On behalf of owners, vessel management houses and brokers, Shay Ventures can oversee new construction to ensure an end product that will fulfill the client’s vision and needs and function efficiently for the crew.
Shay Ventures can be involved in:
Coordinating the design, either with an existing designer or one can be sourced for the client
Specification outline, review and completion
Yard tendering to ascertain suitability, quality and stability of the facilities selected
Contract negotiation in conjunction with the clients legal team
Project supervision with regular reporting to the client
Stage payment review and approval on behalf of the client
Classification and Flag state compliance
Dock and sea trials
Handover to the client or crew
Post handover assistance.
REFIT MANAGEMENT FOR RESALE VESSELS
Shay Ventures can assist the client or their Captain with refit and repair works in as much detail as is deemed desirable and required to increase comfort, style, functionality and resale value.
Shay Ventures can be involved in:
Identifying the scope of work, set budget, project plan and timeline to suit vessel schedule.
Review work list
Sourcing and meeting with designers
Yard selection and coordination
Sourcing and selecting the qualified refitting team with the necessary expertise and experience,
Securing all necessary permits and certifications from relevant authorities, regulatory bodies, local authorities, and environmental agencies.
Ongoing review of estimates and negotiations, consistent financial review and approvals
Project supervision and coordination
Sea trials
Ensure required quality control checks before to ensure that all systems and equipment are functioning correctly and meet regulatory standards.
Oversee the return to service
SPECIFICATION AND CONTRACTS
Shay Ventures can assist with the construction of a brief or full specification for the client in conjunction with the designer to ensure the vessel achieves the required goals.
Consideration will be given to the appearance, accommodation requirements, interior layout and functionality, machinery, technical requirements, quality of equipment, Safety, Classification and Flag state requirements.
Contracts can be reviewed and in conjunction with the clients legal advisers an appropriate contract prepared to ensure a satisfactory result for all the parties involved.
CLASS AND FLAG STATE COMPLIANCE
Shay Ventures will check and ensure the vessel is constructed (or refitted) to meet the standards as set out in the relevant Classification Society or Flag state documents.
The client should choose (for a new build project) a Classification Society or Flag State which will benefit them and their vessel during the course of their association.