The Bulgarian Shipowners Association ( BSA), is a legal entity, registered according to the Bulgarian Law. The Association was established on 30.09.2003 in the city of Varna by eight private shipowners, being legal entities. Presently the Association consists of 13 members (physical persons and legal entities) with a secretariat office in Varna and representatives in Varna and Ruse. The total deadweight of BSA members’ owned fleet is over 1 million DWT.