These numbers are derived as a reference :

– Total repairs around 3% of total turnover
– Diesel Approx 15% of total turnover
– Salaries approx 20% of total turnover
– Indirect charges approx 4% of total turnover
– Corporate Tax and Fish Tax approx 18% of total turnover (applies to Oman only)
– Margin approx 40% of total turnover

These are some numbers that describe the attached Omani operation:
– 21 crew, including two Spanish crew members, mainly Asian crew members with a few Omani too to start with
– Approx 4,500 liters per day of Diesel consumption
– Approx 300KGs per day of Bait
– Approx 2,000 hooks to be used each day
– Vessel running cost per fishing day Approx 4,000Euros

– Charter cost for the first year 500,000Euros with a foreign flag
– Approx repairs per year for the vessel around 250,000Euros, not discounting any insurance reimbursements

– Total of 250 fishing days per year as a minimum in Oman
– Annual Corporation Tax of 15%
– Annual Fish Tax of 3%
– Approx 10,000Euros per month for employees/office rental/transport/telephone/internet/etc in Muscat

– Catch forecast around 8tonnes per fishing day Whole Round fish
– OR could be a Catch forecast around 5tonnes per fishing day Headless and Gutted fish

– Assumption is that we will get a total quota of at least 1,800tonnes of Longline fish per year (including all types of tuna)