8.2.1 A Ship's Budget format
1-392 In order to underdstand how a ship management company might be organised, it is important to know how a shipowner's income is generated and also how it is spent (mainly by the ship manager!). Budgeting and voyage calculations are discussed in detail in module 5 and Specialist Module A; what is given below is an overview designed to put some of the functions of ship management in context.