# Local File: Northbridge Crew Services Ltd
Financial year 2025. Prepared with tp.alp for Northbridge Marine Holdings.

> **DRAFT — NOT SIGNED OFF.** 3 of 3 sections are not confirmed. Not for filing.

## 1. The local entity
Northbridge Crew Services Ltd is a company resident in Cyprus. Crew agency for group and third-party vessels; not a qualifying ship manager, so under income tax.
Group: Northbridge Marine Holdings. Entities in the group: Northbridge Marine Holdings Ltd (CY); Northbridge Ship Management Ltd (CY); Northbridge Bulk Carriers Ltd (CY); Northbridge Crew Services Ltd (CY); Northbridge Tankers Ltd (MT).
Documentation duty: services of €1,350,000 exceeds the €1,000,000 threshold the Tax Department publishes.

_Sources: Income Tax (Amendment) (No. 4) Law 2022, 101(I)/2022, section 33(7)–(8); Tax Department, Frequently Asked Questions about Transfer Pricing, question 52; OECD Transfer Pricing Guidelines 2022, Chapter V, Annex I and Annex II_
_Status: draft. Content hash 77419e939a8dc07c871d361630dc6b69425ab00d07456e5c09e4265355590e7c._
- Reviewed: not yet
- Verified: not yet
- Confirmed: not yet

## 2.1 Crew supply to the tankers
Crew supply to the tankers: Northbridge Crew Services Ltd to Northbridge Tankers Ltd, €1,350,000 in the year.
Method: Transactional net margin method, net cost plus. Tested party: Northbridge Crew Services Ltd.
No written agreement on file.
Risk allocation: Owner bears the operating risk of the vessels.

_Sources: OECD Transfer Pricing Guidelines 2022, paragraph 1.36_
_Status: draft. Content hash 9657a9c372db4be4ddb67deacfa7baa5ac25c1e7a004964cbd9061fb8e765dab._
- Reviewed: not yet
- Verified: not yet
- Confirmed: not yet

## 3. Financial information
Financial information used in the analysis: Management accounts, Cyprus companies (SHA-256 58754b9bee6f52c4…).
Crew supply to the tankers: net cost plus earned 5.20%.

_Sources: OECD Transfer Pricing Guidelines 2022, Chapter V, Annex I and Annex II_
_Status: draft. Content hash 81769c612632c9db5ac2b8da481419b8d241e3c35076f41759a4b98111a9621c._
- Reviewed: not yet
- Verified: not yet
- Confirmed: not yet