project 110M

21st May 2021

INTRODUCTION

Thank you for considering Arrow Services Monaco to provide technical services for the build of a confidential project around 110m.

By way of introduction, Arrow Services Monaco (ASM) was incorporated in 1997. Since then, ASM has remained one of the only fully independent Yacht and project management companies in the Superyacht industry.

The Arrow team consists of highly experienced individuals, each qualified in their own area of expertise. As a team, we work together in our internal and external cross-cultural environment delivering quality services to Yacht Owners, Advisers and Captains.

Due to our reputation, the majority of our business comes from banks, trust companies and law firms where we have been branded the “Family Office for Yachting”.

WHY ASM FOR NEW BUILD MANAGEMENT?

• 100% independently owned and operated.

• Global reach with our head office in Monaco and representatives in Italy, USA, Phuket & Australia.

• Yacht projects undertaken in more than 36 countries.

• Excellent cross-cultural communication skills.

• All our technical staff have extensive sea time onboard Superyachts.

• Single point of contact for Owners and Advisers.

• ASM are not brokers and have a “no commission” policy, meaning full transparency.

• We only build and manage Yachts allowing us to focus 100% in our areas of expertise.

• We use “VOLY” accounting software for new build financial management, which allows Owners and Crew 24/7 real-time access.

• The “Arrow Gateway” is our custom cloud - based tool designed for building and refit management. This includes, but is not limited to:

  • Secure 24/7 global access for Owners, Advisers and Crew.

  • Customization of security clearance levels for sensitive information.

  • New Build and Refit Specification Management.

  • Planned maintenance system, including fire and safety expiry management.

  • Calendar view of all up and coming expiry dates and events.

  • Central contacts list.

New Build Supervision ServiceS

ASM will provide a qualified supervision team with expertise and experience in Superyacht construction, refit, operations. Our team will guide you through the entire process from design & specification production, GA and drawing reviews and amendments, right through to completion, warranty, post - delivery operational management.

To better understand our approach, we divide the process into two readily definable sections: pre-contract and post-contract signature services.

Below you will find a brief outline of the scope of these two services along with the suggested project team, 3D scan options and fees quotation.

CLIENT KEY BENEFITS

Pre-contract signature review is crucial to your protection, as once you have signed the contract of construction, you have lost all negotiation leverage. Our team is extremely experienced in negotiations and reviewing specifications, drawings, schedules to reduce your risks post signature.

• Our multi-lingual technical teams are Superyacht specific with excellent cross-cultural people management skills.

• Our onsite team(s) will have full support from our head office in Monaco who will provide secretarial, accounting, payment, budgetary services.

• When necessary, ASM shall adjust the number of supervisors in attendance, taking into account the progress of the construction and the Principal’s instructions and/or requirements.

• Produce a quarterly written and/or photographic report covering inter alia the construction progress, quality of workmanship and any relevant recommendations to the Principal. We can also include full 3D model reporting on request.

• Assisting in the negotiation and implementation of Change Orders requested by the Principal.

• Preparing a list of initial supply for the Vessel as and when so requested by the Principal.

• Upon delivery of the Vessel from the Shipyard to the Principal, ASM shall ensure that the Vessel receives the relevant certificates stating the compliance of the Vessel with applicable rules and regulations of the relevant regulatory bodies such as, but not limited to, the Classification Society and Flag State as named in the Shipbuilding Contract.

If you have any questions or queries regarding any of the documents or in general, we are more than happy to discuss with you.

The quote remains valid for 30 days from date of sending.

Proposal subject to Contract

E & O E