BBC Singapore - Company Accounts for 2006

BBC Singapore - Company Accounts for 2006

Close inspection of the accounts of the owning company of MS "BBC Singapore" (Briese Schiffahrts GmbH & Co KG MS Juisterbalje) would show that a decision to 'back date' the vessel into the tonnage tax system as from 01/01/2006 was taken at the end of 2006. Various back-dated invoices and credit-notes were issued by the offshore crewing arm of Briese/leda  (International Transport Consulting and Crewing Ltd, of Nevis - 'managed' by Transat Maritime SAM in Monaco) to produce the desired entries in the company's accounts. Even a cursory inspection by the company's auditors of the bookings into the 'cost of crewing' account would quickly reveal these cosmetic adjusts.

As an example, here are the 'revised' invoices that were produced for January 2006, numbers....12182 and 12321.

Of course, that vessel wasn't crewed per Tonnage Tax regulations at that time and invoice 12182 had really looked like this:

Same thing for March.........here is the revised invoiced recharging supposed 'wages paid on your behalf' which lists the contractual amounts for the crew on board. 

Unusually for Briese Schiffahrts, these were the (nearly) the actual crew members on board, but of course the wages are not quite listed as they were actually paid. Captain Schöder for instance earned EUR 6,680 per month as this schedule shows.

and the other members, USD3100.00, USD2327.00, USD3099.44 and USD2327.22.  Only other problem for the month of our example, March 2006, was that the 1st Engineer was not Mr Purtov but Mr Smol'nyakov as this wage summary from the time shows.

It also follows that under normal circumstances Leda/Briese would have had to make some sort of adjustments concerning the official payslips, and social security deductions and declarations that would usually be produced by 'Thien & Heyenga' as this work was outsourced to them.