BHS is incorporated in the British Virgin Islands and qualifies under the AMERICAN JOBS CREATION ACT, passed by the USA Congress in 2004, as a tax-free vehicle with regard to income from ocean shipping. There is no tax on earnings, unless funds are repatriated to the USA. Individual investors from the USA have to be accredited to participate in the fund, but non-USA residents can invest freely.

BHS will time charter a vessel and operate it in back-haul service for enhanced revenue. To hedge against volatility of the cyclical freight markets, the company will operate back-to-back short term charters, or have the hire (lease) payments indexed to prevailing freight rates. No speculative Freight Agreements (FFA) or derivatives are involved.

  KEY FUND DETAILS
  * Generate profits through back-hauls
 * Investment period 1 year
 * Investment guaranteed by freight proceeds deposited into an escrow account
 * No tax on dividend unless repatriated to the USA
 * Manager has proven track record of operating ships for profit
 * Our clients are creditworthy major mining, coal, steel and grain companies
 * BHS has a lien on the cargo for freight due
 * Protection against volatile freight markets through indexing
 * Risk of sinking, grounding, oil spill, piracy etc. remains with vessel owner
 * The investment is transparent; no speculative derivatives are used
 * To reduce risk, the operation is based on back-to-back contracts