Ok, before the flaming, ranting, fighting begins let me explain the situation. I have read many of the threads relating to this "type" of question, but need some further input/calrification.

I have a potential offer for a "internship"(for lack of a better term) with a company that flies a King Air 350, single pilot, usually part 91. The internship would include a PIC type rating in the A/C in exchange for one year of service w/o pay except for travel expenses(ie hotel, meals, etc) with a conditional offer as a relief pilot after the year. This would probably turn into a full-time gig when the current pilot retires (3-5 yrs).

OK now the question(s):
1. If the flights are being flown 91, and we alternate legs, whoever is PF should be able to log PIC. Correct?

2. If I am acting as PIC(PF) but am receiving "training" that would/could be logged as dual received/PIC. Correct?

3. Is only way to log SIC time in this scenario is if the company requires one in an ops man flying under part 135? Is there any way to log SIC time under part 91? Must the other pilots type have the "second in command required" limitation for either 91 or 135 ops? Not that I really care about SIC time, but it would be nice to be able to legally log as much time as possible.

4. Would you do a deal like this? (I have a full-time job that would afford me the opportunity to do this and make 90 +% of the trips, so the no pay isn't really an issue.)

Thanks in advance for you thoughts.

Zoinks