Thursday 25 February 2016

Pay & perks in Merchant Navy

 


The pay and perks again depend on company to company. But generally it depends upon the type of the ship, Experience and Competency of an individual. At the starting level a cadet & ratings may get 150-400 US dollar Pm. Among officers a 3rd officer&4th Engineer gets about 1200 – 3000 US dollar, 2nd officer&3rd Engineer 3000 – 4000 US dollar, Chief Officer&2nd Engineer 3000-4500 US dollar and a Chief Engineer & Captain may get 4000-6000 US dollar for month. Masters may draw salaries as high as US $ 8000 to 10000 per month for being on specialized vessels. But again it depends on the company to company. But the advantage of being paid in US dollar is income tax free income.

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