PRESENTATION

Luxembourg Marine Services are pleased to present to you; AGENDA •About LMS

•The Company Pedigree

•Board of Directors

•LMS Infrastructure

•LMS Yachting Services

•Operations

•Legal

•Accounting & Finance

•Value Added Services

S&P

ISM-ISPS

Brokerage

Financing Assistance

A B O U T L U X E M B O U R G M A R I N E S E R V I C E S

Established in 1995 by Mr. Raymond Van Herck, Luxembourg Marine Services is the preeminent ship management company in Luxembourg with the majority of the vessels on the Luxembourg Shipping Register as well as other registries around the world.

Offices and representations

L U X E M B O U R G M A R I N E S E R V I C E S

Poland Marine Services Ltd

Gdynia, Poland

Luxembourg Marine Services

Luxembourg

Accredited Marine

Manager

(DOC)

Document Of

Compliance

Belgium & Luxembourg

Malta

ACE Marine Malta

LMS Antibes

T R A D I T I O N A L A C T I V I T I E S

Luxembourg Marine Services has traditionally provided the following services to the commercial shipping and Mega-Yacht sectors: SERVICES •Registration

•Luxembourg, Cyprus, Malta, IOM,

UK, Bahamas, BVI, Liberia, Panama, +

•Domiciliation & Constitution of Companies

•Vessel Owning Companies

•Fiscal & Accounting Services

•VAT and fiscal declarations

•Budgets

•Cash book supervision

•Official Accreditation

• Accredited Marine Manager

(Agrément Dirigeant Maritime)

•DOC – Document of Compliance

T R A D I T I O N A L A C T I V I T I E S

Luxembourg Marine Services has traditionally provided the following services to the commercial shipping and Mega-Yacht sectors: SERVICES •Vessel Management

•General, Full Technical

•Vessel documentation

•ISM and ISPS

•Classification societies

•Follow-up yards

•FSI / PSC assistance

•Crew Management

•Certification & Endorsements

•Crew documentation

•Payroll, including social security

and income tax

•Contact with Authorities

•Seaman’s Books

Luxembourg Marine Services has an impressive array of clients in all major sectors of the shipping market SOME EXAMPLES OF YACHTING CLIENTS

R E F E R E N C E S

Seacat Sea Waves Tradboat

Courtal MA Comsea Dolphin Shipping

SAS Financière DBG Genie Housmans – France Laios

Rita Mar Riva Bella Rosalia Maritim

L M S – S T R U C T U R E

The Board of Directors at Luxembourg Marine Services bring many years of experience and expertise from a broad range of sectors DIRECTORS Raymond Van Herck, Chairman – Former General Manager of the Belgian and Luxembourg Shipowners’

Association and currently Chairman of FedilShipping and founder of LMS.

Jean-Pierre De Wolf, MD – Eng. / Cheng 21 years at sea / Technical Superintendent / MD GL France

James Little – 15 years in Financial Services project management, CRM, IT, Business strategy. 5 years in

Maritime projects & Management.

B O A R D O F D I R E C T O R S

L M S O R G A N I G R A M Board of Directors

Chairman: R. Van Herck, Directors: JP. De Wolf, J. Little

OPERATIONS DEPARTMENT J.P. De Wolf, M.Sc. M.Eng. Capt. G Strassener Capt. P. Janssens ISM / ISPS /ECSA Capt. P. Janssens (DPA, CSO) Capt.G. Strassener (DEPUTY,DPA, CSO) PROJ. MGMT / NEWBUILDS / REFITS/DRYDOCKING L. Kowalewski, M.Sc. M.Eng.

CREWING / WAGES / TAXES/ SOCIAL SECURITY

F. Meyer E. Sagitova J. McHale

MANAGING DIRECTOR

JP. De Wolf, M.Sc. M.Eng

LEGAL / CONTRACTS/MORTGAGES

A. Arami Insurance and Claims

Capt.G. Strassener

ACCOUNTING / FINANCE F. Benhara E. Sagitova J. McHale

Yacht Chartering / LMS ANTIBES /MYBA/S&P

JP. De Wolf D. Hanham

OFFICE MANAGER ADM / IMEC / ECSA /

FEDIL SHIPPING

J. Little

L M S – I N F R A S T R U C T U R E

LMS actively seeks out or develops best of breed software to support the daily activities of ship management

L M S - I N F R A S T R U C T U R E

WATCHKEEPER Compliance with IMO STCW

Seafarers’ work hour

regimes and MLC,2006

KEYPAYE Keypaye is a payroll

application for Seafarers

BIMCO EDITOR The industry standard

contract authoring system

SHIP & CREW MANAGEMENT MXSuite is the software

suite supplied by Mastex

software and consists of

several software modules.

L M S – S E R V I C E S

LMS – FULL SERVICE PROVIDER

At LMS we are expanding our services to ensure that we remain a highly reputable, competitive & successful company both in Luxembourg and abroad EXPANSION OF EXISTING SERVICES Increasing our service offering in the following areas

•Crew Management

•Training o/b and ashore

•Structured Vessel Ownership

•Insurance guidance

•Technical Management

•Flag Optimisation

•Vessel Financing

L M S – T E C H N I C A L M A N A G E M E N T

At LMS we are expanding our services to ensure that we remain a highly reputable, competitive & successful company both in Luxembourg and abroad DEVELOPMENT OF EXISTING SERVICES – TECHNICAL MANAGEMENT Increasing our service offering in the following areas

•Extended ISM/ISPS services

•Performing ISM Audits with Classification

Society representatives or Flag State

Authorities

•Berthing and repairs – Arrangement and

management

•Full Technical Management by reinforcing

our technical staff

•Follow-up of dry-dockings and increasing

technical visits o/b.

•Extending Technical Management services

to the yachting market in collaboration with

LMS Antibes

L M S – T E C H N I C A L M A N A G E M E N T

At LMS we are expanding our services to ensure that we remain a highly reputable, competitive & successful company both in Luxembourg and abroad DEVELOPMENT OF EXISTING SERVICES – TECHNICAL MANAGEMENT Increasing our service offering in the following areas

• Vessel monitoring & statutory document /

record management

•Classification Society & Flag State liaison

services

•Onboard internet connectivity and

communication solutions

•On board / Remote Flag State Inspection

(FSI) Assistance

•Port State Control assistance & training for

yacht captains

•New Build supervision and technical

assistance with the ship yard

L M S – C R E W M A N A G E M E N T

At LMS we are expanding our services to ensure that we remain a highly reputable, competitive & successful company both in Luxembourg and abroad CREW MANAGEMENT Increasing our service offering in the following areas

•Extended Crew Rotation Management for

Clients’ Vessels

•Implementation of Watchkeeper for Work

Hour Record compliance (MLC, 2006)

•Seafarers Web Portal for job applications &

data management

•Implementation of new Crew Management

System

•Expansion into Seafarers recruitment for

Clients’ Vessels

•Automation of crew feedback for hours

worked / overtime / holidays

L M S – F L A G O P T I M I S AT I O N

At LMS we ensure that we remain a highly reputable, competitive & successful company both in Luxembourg and abroad FLAG OPTIMISATION Increasing our service offering in the following areas

•Assessment of Social Security requirements

for client vessel crew & implications on

operating costs

•Assessment of Mortgage handling for client

vessels

•Assessment of flag reputation and related

constraints / benefits for client vessels

•Selection of most suitable flag for incoming

vessels : Luxembourg, IOM, UK, Liberia,

Panama, Malta, Bermuda, Bahamas, etc.

•Selection of most suitable flag and re-

registration of existing client vessels

•Assessment of taxation parameters for flag

decision

L M S – T R A I N I N G

At LMS we ensure that we remain a highly reputable, competitive & successful company both in Luxembourg and abroad TRAINING Increasing our service offering in the following areas

•Specific and tailored training programmes to

meet client requirements

•Advanced simulation techniques for training

safety

•Flexible scheduling to coincide with port

calls and crew rotations

•Advanced training provision for client

vessels’ crew o/b or ashore

•Multiple training centres for facilitation of

access from client vessels

•Recording of training courses undertaken

against specific seafarer records

L M S – YA C H T F I N A N C I N G

At LMS we can assist with arranging finance for your yachting projects whether a new purchase, refinance, refurbishment or construction. NEW SERVICE OFFERINGS – YACHT FINANCING Increasing our service offering in the following areas

•Options for direct investment / loan purchase

of vessels

•Advice on tax efficient structures for vessel

ownership

•Mortgage registration

•Introduction of parties with an interest in the

financing of vessels

•Advice on the implications of the fiscal plans

for vessel finance

•Options for partnership purchasing of

vessels

L M S – YA C H T F I N A N C I N G

At LMS we can assist with arranging finance for your yachting projects whether a new purchase, refinance, refurbishment or construction (40metre+). NEW SERVICE OFFERINGS – YACHT FINANCING Increasing our service offering in the following areas

•Marketable securities or other collateral

•Customized repayment options, loan terms

and amortization schedules

•Conditions apply

•Single and Multi-currency loans

•Construction Loans for European & US

construction projects with approved yards

•Advance rates up to 75% (Loan To Value)

depending on age, pedigree and cost

L M S – YA C H T B R O K E R A G E , S & P

LMS will support your brokerage and sale & purchase needs whatever they may be NEW SERVICE OFFERINGS – BROKERAGE, S&P Increasing our service offering in the following areas

•Registration & Flagging assistance

•APA Management

•Brokerage

•Pre Sale and Sale & Purchase survey

•Certificate management

L M S – YA C H T C H A R T E R I N G

LMS chartering department is at your service from planning to fulfillment of every aspect of the trip. LMS tailors its services to any special requirements, covers itineraries and ensures that your trip is the one to remember. NEW SERVICE OFFERINGS- CHARTERING

•Restaurant reservations

•Preference sheet organization including special

dietary requirements

•Stand by during the duration of the charter

•Itinerary planning

•Berth reservations

•Excursions arrangements

L M S - R E C A P

L M S – R E C A P

LMS Will Not Stand Still

•Exceed our clients’ expectations

•Develop our reputation as a provider of choice

•Develop our own fleet

•Increase our profitability and grow our clients base through our reputation as a quality provider of full

shipping and yachting services

P R E S E N TAT I O N

LMS HAVE DEMONSTRATED

•LMS Services

•Increasing the scope and reach of

our existing services

•Introducing new services

•Listening to our clients

•LMS future

•LMS is a company with an

extremely bright future

•LMS is a company of great standing

•We have the pedigree

•The New Structure

•Provides the fresh impetus for

success

•LMS Infrastructure

•Robust to the standards of

international financial institutions

T H A N K Y O U