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. User ID:Daniel J. Lennox Recipient:All Employees Subject:New Convoy Escort Policy .
Esteemed employees and contractors of the company,
Because our company has less working capital than our other large competitors, we have to rely on the sustainability of our business. For this reason, two I commissioned the accounting department to examine our economic options weeks ago. The document produced was reviewed by senior management within our division and a new guideline 829-A4-E - ‘On Compensation of Escort Vessels Within Our Convoys’ was unanimously agreed.
As amended by this new guideline, escort vessels are entitled to 10% of net profits per each escort vessel in the convoy, up to a maximum of 50%.
The purpose of this new policy is to incentivize safety professionals to escort our vessels so that our losses are as low as possible - primarily due to the higher insurance fees assessed to us because of our business strategy in centered around the Independent Systems.
This directive will go into effect starting 07-12-829. Thank you for your attention.
Have a pleasant and productive day,
Daniel J. Lennox,
Bristol C&M.