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Why To Join Merchant Navy
With approximately 90% of international shipping carried by sea and around 50,000 merchant ships transporting cargo from food to fuel, The Merchant Navy is crucial to facilitating global trade, connecting countries, markets and businesses, successfully allowing the exchange of goods and services across the world.
There are many different reasons why to choose a career at sea. Here are our top 10:
1. Lucrative Pay-Packages
A very big incentive for anyone to take up a profession is the allure of pay-packages and salaries. The merchant navy offers extremely high payment scales, even for fresh entrants in the profession, starting at about US$ 250 and extending up to about US$ 15,000 on a monthly basis. The payment scales are set as per the existing IMO (International Maritime Organization) and ILO (International Labour Organization) laws.
Additionally, the salary in merchant navy also varies from company to company and on the basis of the qualification and the position held by an individual.
Merchant Navy is one of the few careers where the salary hardly matters. It can range anywhere between Rs.15000 to Rs.9 lakhs per month though the pay structure differ from company to company, city to city, the export-import needs, seniority etc. All crew members and officers are given free meals on board and senior officers can take along their wives for the voyage.
Usually emolument in a foreign vessels are higher specially the West European, U.S and the Gulf. Every officer and crew of the merchant navy working on board a vessel which is carrying foreign cargo is entitled to 75% of his net earnings in foreign exchange. Besides this, imported liquor, cigarettes, canned foods, cosmetics are available on board duty free.
2. Tax Free Income
The interesting fact is that there is no income tax return imposed on the earnings of a merchant navy professional. Paying taxes is a responsibility that everyone is wary of. However, people involved in the merchant marines are exempted from paying taxes, if they meet the requirements necessary for exemption purposes. A merchant marine professional has to spend a minimum of six months on-duty aboard a vessel, following which the professional will be exempt from paying tax for the specified financial year.
3. Destinations Galore
People involved in the merchant marines get to experience exotic destinations across the whole world. And since jobs in merchant navy require an individual to spend extended periods of time at sea, there is no dearth of time when it comes to exploring these singular destinations.