The company performs management services for a subsidiary and receives fee for this. The fee
amounted to 3 858 in 2014 (2013: 4 155).
The company receives a commission for acting as guarantor for mortgage debt in the subsidiary Belships
Supramax Singapore Pte Ltd. This amounted to 10 238 in 2014 (2013: 8 823). See note 9.
All intercompany transactions have been conducted to market terms.
It has not been issued loans or provide security to shareholders or related parties.
Members of the management have loans from the company. This amounts to 702 per 31 December 2014 (2013: 736).