Engagements › Aegean Crest Shipping › Local File

Local File

Assembled section by section for each entity that owes one. Each section shows what it rests on and where it stands. Content follows OECD Ch. V, Annexes I–II.

Assembled section by section; exports as final only when confirmed.

Aegean Crest Navigation Inc.Aegean Crest Navigation II Inc.Aegean Crest Chartering Ltd Aegean Crest Shipping One Ltd Aegean Crest Shipping Two Ltd

DRAFT — not signed off. 3 of 3 sections are not yet confirmed; an export now carries the draft mark. Export Draft On iPad: Print → Save as PDF for a readable copy. Export As Final — export as final once all 3 sections are confirmed, 3 to go

1. The local entity

Draft

Aegean Crest Chartering Ltd is a company resident in Cyprus. Chartering desk: finds cargoes and fixes the vessels for a commission; not a qualifying activity, so under income tax.

Group: Aegean Crest Shipping. Entities in the group: Aegean Crest Navigation Inc. (CY); Aegean Crest Navigation II Inc. (CY); Aegean Crest Ship Management Ltd (CY); Aegean Crest Chartering Ltd (CY); Aegean Crest Agencies Ltd (GB); Aegean Crest Holdings Corp. (MH); Aegean Crest Shipping One Ltd (CY); Aegean Crest Shipping Two Ltd (CY); Aegean Crest Shipping Three Inc. (CY); Aegean Crest Shipping Four Inc. (LR).

Documentation duty: services of €1,235,000 exceeds the €1,000,000 threshold the Tax Department publishes.

Sources: ITL s.33(7)–(8); Tax Dept FAQ Q52; OECD Ch. V, Annexes I–II. Rests on: Obligations: Aegean Crest Chartering Ltd (draft).

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2.1 Chartering commissions

Draft

Chartering commissions: Aegean Crest Chartering Ltd to Aegean Crest Navigation Inc., €1,235,000 in the year.

Method: Comparable uncontrolled price: the commission rate against market address commission and brokerage rates. Tested party: Aegean Crest Chartering Ltd.

No written agreement on file.

Risk allocation: Owner bears the freight market risk.

Sources: OECD 1.36. Rests on: Benchmarking: Chartering commissions (draft).

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Evidence still outstanding: Accounts for 2022, 2023 and 2024 for every Cyprus company, due 12 Nov 2026 — in 5 days.

Evidence still outstanding: Board minutes showing management and control in Limassol, due 17 Nov 2026 — in 10 days.

Signing is still open: say in what you looked at how the conclusion stands without it.

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3. Financial information

Draft

Financial information used in the analysis: Management accounts 2025, Aegean Crest companies (SHA-256 eaabf9be89019375…).

Sources: OECD Ch. V, Annexes I–II.

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