Corporate Disclosure

Corporate Disclosure Statement

Last Updated: July 14, 2025

This Corporate Disclosure provides important business and legal information about Monferado Yacht Rentals Inc. ("the Company"). This disclosure is provided in compliance with Canadian corporate transparency requirements and industry best practices.

1. Company Information

1.1 Legal Entity Information

1.2 Registered Office

1.3 Corporate Structure

• Entity Type: Private Corporation (Ltd.)
• Share Structure: Common shares, no par value
• Ownership: Privately held corporation
• Subsidiaries: None
• Parent Company: None

2. Business Registration and Tax Information

2.1 Tax Registration

• GST/HST Number: 951972830RT0001
• Provincial Sales Tax: Registered with BC PST
• Workers' Compensation: WorkSafeBC Account #4821635
• Employment Insurance: Registered with Service Canada
• Canada Pension Plan: Registered with CRA

2.2 Industry Classifications

• NAICS Code: 713990 - All Other Amusement and Recreation Industries
• Industry Sector: Leisure and Hospitality
• Business Category: Yacht Charter and Marine Tourism
• Service Area: British Columbia and Canadian Pacific Waters

3. Licenses and Permits

3.1 Marine Transportation Licenses

3.2 Business and Municipal Licenses

• Vancouver Business License: BL-2024-45127 (Valid until December 31, 2024)
• British Columbia Business License: Registered under Business Corporations Act
• Tourism Business License: Tourism Industry Association of BC Member
• Marine Facility Permit: Coal Harbour Marina Operating Permit
• Environmental Operating Permit: BC Ministry of Environment

3.3 Professional Certifications

• International Safety Management (ISM) Code: Certified
• MLC (Maritime Labour Convention): Compliant
• STCW (Standards of Training, Certification and Watchkeeping): All crew certified
• Transport Canada Marine Safety: Annual inspections current
• Canadian Coast Guard Auxiliary: Associate member

4. Insurance Coverage

4.1 Marine Insurance

4.2 Commercial Insurance

• General Liability: $5,000,000 CAD (Commercial General Liability)
• Professional Liability: $2,000,000 CAD (Errors & Omissions)
• Cyber Liability: $1,000,000 CAD (Data breach and cyber security)
• Directors & Officers: $3,000,000 CAD (Management liability)
• Employment Practices: $1,000,000 CAD (Workplace liability)
• Commercial Property: $2,000,000 CAD (Office and equipment)

4.3 Additional Coverage

• Workers' Compensation: WorkSafeBC mandatory coverage
• Environmental Impairment: $5,000,000 CAD pollution liability
• Business Interruption: $1,000,000 CAD loss of income
• Equipment Breakdown: $500,000 CAD mechanical failure coverage

5. Regulatory Compliance

5.1 Maritime Safety Regulations

• Transport Canada Marine Safety: Full compliance with vessel inspection requirements
• Canadian Coast Guard: Regular safety inspections and emergency response protocols
• International Maritime Organization (IMO): Compliance with international standards
• SOLAS (Safety of Life at Sea): Safety equipment and procedures certified
• MARPOL (Marine Pollution): Environmental protection compliance

5.2 Employment and Labor Compliance

• Employment Standards Act (BC): Full compliance with provincial employment law
• Canada Labour Code: Maritime employment regulations compliance
• Human Rights Code (BC): Non-discrimination and accessibility compliance
• Privacy Protection: PIPEDA and BC privacy legislation compliance
• Occupational Health and Safety: WorkSafeBC regulations compliance

5.3 Environmental Compliance

• Environmental Protection Act (BC): Waste management and pollution prevention
• Fisheries Act (Canada): Protection of marine habitat
• Species at Risk Act: Wildlife protection protocols
• Marine Protected Areas: Compliance with protected area regulations
• Carbon Emissions: Voluntary carbon offset program participation

6. Financial Information

6.1 Financial Standing

Note: As a private corporation, detailed financial statements are not publicly available. The following summary information is provided for transparency:

• Financial Status: Financially stable with positive cash flow
• Banking Relationship: Primary banking with Royal Bank of Canada
• Credit Rating: Excellent commercial credit rating
• Bonding: $1,000,000 CAD commercial surety bond
• Financial Audit: Annual audited financial statements prepared

6.2 Payment Security

• Trust Account: Client deposits held in separate trust account
• Payment Processing: PCI DSS compliant payment systems
• Refund Guarantee: Backed by corporate guarantees and insurance
• Financial Protection: Member of Travel Industry Council of BC

7. Corporate Governance

7.1 Board of Directors

7.2 Management Team

• Chief Executive Officer: Marco Benedetti
• Chief Operating Officer: Sylvia Ware
• Chief Financial Officer: Michael Thompson, CPA
• Director of Operations: Emma Rodriguez
• Safety Manager: James Mitchell

7.3 Corporate Policies

• Code of Conduct: Comprehensive ethics and conduct policy
• Conflict of Interest: Disclosure and management procedures
• Anti-Corruption: Zero tolerance policy for bribery and corruption
• Whistleblower Protection: Anonymous reporting mechanisms
• Privacy Protection: Comprehensive data protection policies

8. Environmental Responsibility

8.1 Environmental Certifications

• Green Marine Certification: Environmental performance program participant
• Ocean Wise Partner: Marine conservation partnership
• Blue Flag Operator: Sustainable marine tourism certification
• Carbon Neutral: Voluntary carbon offset program (since 2020)

8.2 Environmental Management System

• ISO 14001 Principles: Environmental management system framework
• Waste Management: Comprehensive waste reduction and recycling program
• Energy Efficiency: Fuel consumption monitoring and reduction initiatives
• Biodiversity Protection: Marine wildlife protection protocols
• Community Engagement: Local environmental education programs

9. Legal Notices and Disclaimers

9.1 Business Disclaimers

9.2 Limitation of Liability

9.3 Intellectual Property

• Trademarks: "Monferado" and associated logos are registered trademarks
• Copyright: All website content, marketing materials, and documentation are protected by copyright
• Photography: All yacht and facility photographs are proprietary to Monferado
• Trade Secrets: Operational procedures and business methods are confidential

10. Corporate Contact Information

10.1 Corporate Communications

10.2 Legal and Regulatory Inquiries

10.3 Media and Investor Relations

10.4 Document Requests

The following corporate documents are available upon request:

• Certificate of Incorporation
• Current Corporate Registration
• Business License Certificates
• Insurance Certificates
• Safety Management System Documentation
• Environmental Certification Documents

Please allow 5-10 business days for document preparation and delivery. Some documents may require redaction of confidential information.