Page 10: of Marine News Magazine (April 2016)

9 11

BY THE NUMBERS

SMS related equipment Amount (USD)

Engine room ? xed pipe systems for MDE oil $4000

Power loss emergency light installation $2000 (avg. 8 lights at $250 each)

Fixed ? re extinguishing system (galleys & stoves $1200 – $2500

Engine room remote monitoring (cameras)* $1500 – $3000

Fire retardant paneling $3500 – $20,000

Multi – point alarm system (10 – 30 points) $10,000 – $22,000

Mechanical seals to facilitate dry bilges $40,000

Electronic charting/AIS interface (Wheelhouse) $1200 – $9700

Electric start/stop E/R equipment - Wheelhouse $4500

CEMS speci? c:

Noise reduction (additional insulation) $1000 – $30,000

Blackout shades and green lighting $1000

RCP third-party auditing/monitoring cost $1800 – $5000

Total $76,200 – $143,700

Table 1 (800 – 2000 hp towing vessels)

Company SizeTowing VesselsAudit Team Cost Plus ExpensesAudit Time (Days)

Small <10 1 or 2 $2,500-$3,500 1.5

Medium 10 – 20 1 or 2 $3,000-$6,000 1.5 – 2.5

Large >20 2 $4000 to $6000 2.0 – 3.0

Table 2 – Cost & Time of Third-Party Audits of a Company SMS

Size of VesselLength of Vessel# of Auditors Per Cost Plus ExpensesDays to Complete

Vessel

Small <65 feet 1 $1,000 - $2,500 1.0 - 1.5

Large =65 feet 1 $1,000 - $3,000 1.0 - 1.5

Table 3 – Cost & Time for Towing Vessel Audits

Category Potential Per Vessel Range of Unit Cost to Comply with Standard

Hull and Machinery $69,500 – $297,000

Navigation and Communication $9900 – $38,950

Pollution Prevention $16,020 – $125,600

Life-saving $4716 – $11,859

Fire? ghting $2,055 – $72,065

Total $102,191 – $545,474

Table 4 – Existing UTVs (Constructed prior to effective data regulation)

April 2016

MN 10

MN April16 Layout 1-17.indd 10 3/18/2016 11:41:56 AM