Because of the enormous risk and responsibility involved in their work, oil rig captains make a good living. The average annual wage for a petroleum engineer, which includes oil rig captains, was $137,170 in May 2019, according to the Bureau of Labor Statistics. Salary, however, might differ depending on the employer, region, and criteria like experience. A newly qualified oil rig captain might anticipate making between $60,000 and $80,000 annually. On the other hand, seasoned oil rig commanders might make at least $250,000 annually.
The type and size of the boat you wish to purchase will determine how much it will cost. Sportfishing boats, sailing vessels, and luxury yachts are just a few examples of the different boat kinds that are offered for rental. A charter yacht can cost anywhere between a few thousand and several million dollars. For instance, a luxury yacht might cost millions of dollars whereas a 30-foot sportfishing boat can cost anywhere between $50,000 and $100,000.
So, am I able to rent out my boat? You can rent out your boat to get some additional cash, yes. Renting out your boat to individuals who wish to go sailing, fishing, or cruising is known as chartering. Before you may rent out your boat, there are a few conditions that must be met. You must possess a captain’s license, insurance, and a boat that satisfies safety requirements. Additionally, you must be well aware of the rules and laws that apply to charter boats in your region.
Depending on the kind of license and how long it is valid, different fishing licenses in South Africa cost different amounts. Fishing permits come in a variety of forms, including freshwater, saltwater, and estuarine licenses. A saltwater fishing license costs about ZAR 300 per year, compared to about ZAR 90 for freshwater fishing. For freshwater and sea, a one-day fishing license costs about ZAR 40 and ZAR 50, respectively.
In South Africa, obtaining a fishing license is a rather easy and uncomplicated process. You can apply for a fishing license at your local post office or online. An application for a fishing license typically takes 14 working days to process. If there are any problems with your application or if the authorities need further information, it could take longer.
In conclusion, because of the high amount of risk and responsibility involved with their profession, oil rig captains are essential to the oil and gas business and are compensated well. The price of purchasing a charter boat depends on the kind and size of the boat. If you match the conditions, you can also rent out your yacht to generate some additional cash. In order to fish in South Africa, you must possess a current fishing license, the processing of which might take up to 14 working days.