Tuesday 6 August 2013

Setting Sail on a Tugboat Business Venture

Tugboats are like the handymen of the maritime industry. They are capable of performing various tasks such as maneuvering large ships into docks as well as barges. If you are considering a career in the tugboat business, here are some tidbits of information you need to ponder on:

Be informed of all the necessary steps of the business startup as defined by your local legislation. For starters, contact a commercial insurance agent with sufficient experience in the maritime industry who has in-depth knowledge of the risks that a tugboat business entails. It's ideal that you secure a liability insurance with a coverage that encompasses common tugboat accidents.

You will also need to lease an office and docking space. Make your business as convenient as possible and gain more business opportunities by setting up your office near the major ports in your area. Your office should also be easily accessible from your dock's location.

Before purchasing your mighty fleet, you must first determine which jobs your tugs will have to do. This will help you determine what types of tugs to purchase. Moreover, choose captains and crew members with enough experience in maneuvering a tugboat, and who are familiar with the maritime policies in the area where they will be operating in.



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