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Corporate Disclosure

Transparency in business operations and regulatory compliance

Company Information

Coastalya operates as a legally registered corporation in Canada, fully compliant with federal and provincial regulations governing marine tourism and yacht charter services.

Legal Entity

Coastalya Marine Services Inc.
Corporation registered under the Canada Business Corporations Act

Business Registration

Corporation Number: 720618527
Registration Date: March 15, 2010
Jurisdiction: Federal Corporation (Canada)

Registered Office

235 Queens Quay West
Toronto, Ontario M5J 2G8
Canada

Corporate Contact

Phone: +1 519-725-8291
Email: [email protected]
Website: www.coastalya.com

Directors and Officers

William MacLeod

President & Chief Executive Officer

Founder and principal shareholder with over 30 years of maritime industry experience. Holds Transport Canada Master 150 Ton certification and serves as Chairman of the Board.

Henry Chan-Chen

Chief Operating Officer & Director

Responsible for day-to-day operations and fleet management. Marine biology background with 15 years in sustainable tourism operations.

Robert Chen

Chief Financial Officer

MBA in Finance with CPA designation. Oversees financial operations, regulatory compliance, and strategic planning.

Margaret Thompson

Corporate Secretary & Legal Counsel

J.D. in Maritime Law, member of the Law Society of Ontario. Handles legal compliance, contracts, and corporate governance.

Regulatory Compliance

Transport Canada Compliance

Coastalya operates under strict Transport Canada regulations for commercial vessel operations:

Vessel Certifications

  • Commercial Vessel Operating Certificate (CVOC)
  • Small Commercial Vessel Safety Inspection Certificate
  • Radio Operator Certificates for all vessels
  • Vessel Safety Equipment Compliance

Captain Certifications

  • Master 150 Ton Commercial Certificates
  • Master 60 Ton Limited Certificates
  • Marine Emergency Duties (MED) Training
  • Standards of Training, Certification and Watchkeeping (STCW)

Safety Management

  • Safety Management System (SMS) Implementation
  • Regular Transport Canada Inspections
  • Crew Training and Certification Programs
  • Emergency Response Procedures

Environmental Compliance

  • Ballast Water Management Compliance
  • Waste Management Procedures
  • Fuel Spill Prevention Programs
  • Marine Protected Area Guidelines

Provincial and Municipal Compliance

Ontario Provincial Compliance

  • Business Registration: Ontario Corporation Number 840172531
  • HST Registration: GST/HST Number 820518625RT0001
  • WSIB Coverage: Workplace Safety Insurance Board Registration
  • Employment Standards: Full compliance with Ontario Employment Standards Act

City of Toronto Permits

  • Business License: Marine Services License #MS-2010-001
  • Waterfront Operations Permit: Queens Quay Marina Operations
  • Special Events Permits: For waterfront events and gatherings
  • Waste Management Permits: Marine waste disposal compliance

Insurance Coverage

Coastalya maintains comprehensive insurance coverage to protect our guests, employees, and operations:

Marine Liability Insurance

Coverage Limit: $10,000,000 CAD per occurrence

Provider: Lloyds of London Marine Syndicate

Coverage Includes:

  • Third-party bodily injury and property damage
  • Collision and allision coverage
  • Pollution liability coverage
  • Wreck removal and salvage

Passenger Liability

Coverage Limit: $5,000,000 CAD per passenger

Provider: Canadian Maritime Insurance Group

Coverage Includes:

  • Passenger injury and medical expenses
  • Personal property coverage
  • Trip interruption coverage
  • Emergency evacuation costs

General Commercial Liability

Coverage Limit: $2,000,000 CAD per occurrence

Provider: Intact Insurance Company

Coverage Includes:

  • Premises liability
  • Products and completed operations
  • Professional liability
  • Cyber liability protection

Employment Practices

Coverage Limit: $1,000,000 CAD

Provider: Chubb Insurance Company

Coverage Includes:

  • Employment-related claims
  • Workplace harassment coverage
  • Wrongful termination protection
  • Discrimination claim coverage

Insurance Verification

Certificates of insurance are available upon request for corporate clients, event planners, and regulatory authorities. All policies are current and in good standing.

Financial Information

Capital Structure

Authorized Share Capital

Unlimited number of common shares without par value

Issued and Outstanding

1,000 common shares issued and outstanding

Shareholder Structure

  • William MacLeod - 65% (650 shares)
  • Henry Chan-Chen - 20% (200 shares)
  • Maritime Investment Partners LP - 15% (150 shares)

Financial Standing

Credit Rating

D&B Rating: 2A1 (Good Payment Experience)
Paydex Score: 85 (Pays on time)

Banking Relationships

Primary Bank: Royal Bank of Canada
Marine Finance: Scotiabank Marine Division

Financial Reporting

Annual audited financial statements prepared by Ernst & Young LLP, available to stakeholders upon request.

Industry Memberships & Certifications

ISO 14001 Environmental Management

Certified for environmental management systems and sustainable operations

Corporate Responsibility

Environmental Stewardship

Coastalya is committed to protecting Canada's marine environments through responsible business practices:

  • Carbon Neutral Operations: Achieved through renewable energy use and carbon offset programs
  • Waste Reduction: 95% waste diversion rate through recycling and composting programs
  • Sustainable Sourcing: Local and organic food sourcing for catering services
  • Marine Conservation: Partnership with Ocean Conservancy and local marine protection groups
  • Educational Programs: Guest education on marine ecosystems and conservation

Community Engagement

We actively support our local communities through various initiatives:

  • Youth Maritime Programs: Annual sponsorship of sailing programs for underprivileged youth
  • Scholarship Fund: Educational scholarships for maritime studies students
  • Accessibility Initiative: Adapted vessel programs for guests with disabilities
  • Local Employment: 85% of staff hired from Greater Toronto Area
  • Supplier Diversity: Preference for local and minority-owned businesses

Safety Leadership

Safety excellence goes beyond compliance:

  • Zero Accident Goal: Comprehensive safety management system
  • Crew Training: Above-standard training requirements and regular skill updates
  • Safety Innovation: Investment in latest navigation and safety technologies
  • Industry Leadership: Sharing safety best practices with industry peers
  • Guest Education: Comprehensive safety briefings and awareness programs

Legal Notices & Disclaimers

Limitation of Liability

To the maximum extent permitted by applicable law, Coastalya Marine Services Inc.'s total liability for any claims arising from or related to our services shall not exceed the total amount paid by the client for the specific charter service.

Force Majeure

Coastalya shall not be liable for any failure or delay in performance under any agreement which is due to fire, casualty, flood, earthquake, other acts of God, strikes, labor disputes, wars, government requirements, or other causes beyond our reasonable control.

Intellectual Property

All content on our website, including but not limited to text, graphics, logos, images, and software, is the property of Coastalya Marine Services Inc. and is protected by Canadian and international copyright laws.

Governing Law

All agreements and relationships with Coastalya are governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein, without regard to conflict of law principles.

Corporate Contact Information

General Corporate Inquiries

Email: [email protected]
Phone: +1 519-725-8076 ext. 100

Legal & Compliance

Email: [email protected]
Contact: Margaret Thompson, Corporate Secretary

Financial & Investor Relations

Email: [email protected]
Contact: Robert Chen, Chief Financial Officer

Media & Public Relations

Email: [email protected]
Phone: +1 519-725-8076 ext. 200

Mailing Address

Coastalya Marine Services Inc.
235 Queens Quay West
Toronto, Ontario M5J 2G8
Canada

Document Requests

The following corporate documents are available upon request to legitimate stakeholders:

Corporate Documents

  • Articles of Incorporation
  • Corporate Bylaws
  • Director and Officer Resolutions
  • Annual Returns

Financial Documents

  • Audited Financial Statements
  • Tax Returns (with proper authorization)
  • Credit Reports
  • Banking References

Regulatory Documents

  • Transport Canada Certificates
  • Insurance Certificates
  • Safety Management System Documentation
  • Environmental Compliance Reports

Document Request Process

To request corporate documents, please submit a written request to our legal department at [email protected] including:

  • Your name and organization
  • Specific documents requested
  • Legitimate business purpose for the request
  • Contact information for response

Some documents may require verification of legitimate interest and may be subject to confidentiality agreements.

Document Information

Last Updated: July 24, 2025
Next Review: July 24, 2026
Prepared by: Margaret Thompson, Corporate Secretary
Approved by: William MacLeod, President & CEO

Discover the freedom of Canada's pristine waters with our premium yacht rental services. Creating unforgettable maritime experiences since 2015.

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