PI016 | Number of beneficial officer terminations V4.0

Performance Indicator

This PI is used to measure the Officers Termination considered Beneficial for the Company.

Definition

Termination is the event where an officer, who has been employed with the ship owner or ship manager within the period of the last TWO(2) years (before the Termination), leaves the company.

Beneficial officer termination represents Terminations that provide benefits to the company by Officers leaving the company (for example underperformers or made redundant).

Unit

TERMINATIONS

Scope

Reported for the whole fleet and given to any DOC Holders for their individual PI reporting

Calculation period

Captured and reported on a quarterly basis.

References

This Performance Indicator - PI016 - is used by the following Key Performance Indicators

KPI022

Officer retention rate

PI006	Average number of officers employed
PI016	Number of beneficial officer terminations
PI041	Number of officer terminations from whatever cause
PI056	Number of unavoidable officer terminations

Example

During a quarter, 4 officers leave the fleet. 2 officers are marked as underperformer and will not be eligible for contract renewal. Number of beneficial officer terminations = 2

External references

OCIMF’s officer retention rate as defined in the Tanker Management Self-Assessment (TMSA).