Professional accounting is included in Ship Management. shipping.fo can also provide full accounting services with experienced accountants and can offer services within Payroll, accounting, tax, and VAT. We also have expertise in the Faroese and other registries tonnage tax regulations.
The accounting department carries out all accounting tasks for each vessel, both - settlement of freight and charter accounts, payment of invoices in connection with daily business, settling of accounts for each crewmember, as well as complete ship-accounts. The department is in the day-to-day business in close cooperation with the Crewing Department, among other things, in connection with drawing up budgets, and the control of crewing-costs, for the entire fleet as well as the single vessel.