> **DRAFT — a suggestion, not signed off.** Not for signature.

## Shared services agreement
Between Northbridge Crew Services Ltd (the Provider) and Northbridge Tankers Ltd (the Recipient).
_Source: Transaction record_

## 1. The services
The Provider supplies the services described in Schedule 1. The Recipient decides which services it orders; the Provider decides how they are delivered.
_Source: Functional analysis: who decides what and how_

## 2. Remuneration
The Recipient pays the Provider's costs of the services plus a mark-up of 6.00% on those costs.
_Source: Group transfer pricing policy §2_

## 3. Payment
Invoices are payable within 30 days.
_Source: Group transfer pricing policy_

## 4. Risks
[to be agreed: no risk analysis in the file]
_Source: Functional analysis, risks_

## 5. Arm's length
The parties intend the terms to be at arm's length and will adjust them if a review shows they are not.
_Source: OECD Guidelines 1.6; Income Tax Law s.33(6)_

## 6. Term and law
Effective from 1 January of the year; [term, termination and governing law to be agreed by the parties].
_Source: Not in the file_