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Year-End True-Ups

Each tested party against its contract and the range: whether an adjustment is suggested, how much, and how it is booked. The suggestion is always to the contract, never below it. The 2025 books are closed, so an adjustment for 2025 goes into the return; for 2026, the same check before 31 December lets an invoice or credit note fix it — to be confirmed by the practice.

Before the books close: each tested party against its target, with the invoice and journal.

2025, The Year Closed

No tested party with a target margin and a known base.

Priced By A Rate, No Study

Chartering commissions: €1,235,000, 3.25% — Fee: 3.25% of freight and hire — address commission and brokerage (group chartering policy, invented). No study — rate to be evidenced

No true-up is drafted without a study: a rate alone does not show what is arm's length.