The Person in charge for supervision and application of valid accounting procedures required by the Bulgarian Laws, on one hand, and LIL-12 Ltd principal particular procedures, on the other hand, is the Chief Accountant.


The following reports are deemed to be prepared by accounting department – Chief Accountant in direct liaison with the Managing Director.


aa. Office budget cost for the coming year


bb. Monthly Accounting reports:


  • Requested by Bulgarian Authority
  • Office expenses – Statement of account
  • Monthly budget follow up
  • Manning report and manning fee invoices report