A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or refurbishment of failed units/equipment. Spare parts are an important feature of logistics engineering and supply chain management, often comprising dedicated spare parts management systems.
A Yacht Management Company is a shore-based mechanism supporting yacht operations with respect to accounts, technical interventions and compliance with legislative requirements.
Yacht management, in other words, is the management of all processes related to the ownership and maintenance of a watercraft. For both a novice and an experienced yacht owner, self-management of management issues requires proper professional qualifications, sufficient free time and a lot of trouble.
Crew management for ships, otherwise known as crewing, are the services rendered by specialised shipping companies. Crew management services are an essential part of maritime and ship management that includes the management of all the various activities handled by crew on-board vessels, as well as related shore-based administration.
A layoff is the temporary or permanent termination of employment by an employer for reasons unrelated to the employee's performance. Businesses typically resort to layoffs to cut costs, often in response to a decline in demand for their products or services during an economic downturn.
A layoff is not the same thing as a firing for cause on the grounds of unsatisfactory performance, malfeasance, or breach of duty.
Operating in the maritime industry is challenging given the high degree of regulation and potential for disputes. Businesses require skilled and experienced counsel to avoid the hazards and threat of investigations, enforcement actions, and the litigation that can follow incidents of noncompliance.