Administration and Control of Master’s General Account (MGA)

The purpose of this seminar is to provide an integrated and comprehensive training through a practical application on Master’s General Account (MGA). In effect we show its administration and control.

Subjects that will be covered
• Introduction
• Purpose of the seminar
• Subjects that will be covered
• Organization chart of a Manning Dept.
• The contents of MGA
• Crew Wages list
• Payslips
• Travel days
• Warehouses
• Actual filling of hypothetical wage payments list
• Delivering of stores from suppliers
• Buying of stores and provisions by Captain
• Analysis of catering example, analysis of petty expenses
• The financial account of Captain (actual example), accounting entries of MGA – actual example
• Presentation of an electronic software of MGA; demo for personal computer – personal contracts of employment / signing on personal crew wage payroll per month – allowances file – allotments in different currencies, personal allotments – communication with accounting system, budget, all required reports and automated services (reconciliation, retroactive wages calculations etc)
• Overtime, wage cost, tax / income statement, allotments report, wages account validation etc.
• Subjects on request: voyage operation (ballast, in port, charterers etc), crew and Supply (no and names of signing on, delivery of stores etc, Claims H+M, Crew accidents etc. P+I claims, charterers expenses to be reimbursed).