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

> **DRAFT — NOT SIGNED OFF.** 4 of 4 sections are not confirmed. Not for filing.

## 1. The local entity
Northbridge Marine Holdings Ltd is a company resident in Cyprus. Holding company and leader of the group's physical cash pool.
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: financing, by its maximum principal, of €10,000,000 exceeds the €5,000,000 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; Tax Department, Frequently Asked Questions about Transfer Pricing, questions 3, 9 and 10; OECD Transfer Pricing Guidelines 2022, Chapter V, Annex I and Annex II_
_Status: draft. Content hash dea9aa15dab5b1cbb1d5af39988e94e3531def1c6e8b06eae88556834d175fc3._
- Reviewed: not yet
- Verified: not yet
- Confirmed: not yet

## 2.1 Interest-free shareholder balance
Interest-free shareholder balance: Northbridge Marine Holdings Ltd to Northbridge Bulk Carriers Ltd, interest €0 in the year on a maximum principal of €3,200,000.
Method: None charged: an interest-free balance. Tested party: Northbridge Marine Holdings Ltd.
Circular 6/2023 safe harbour: not available: the category is over the threshold.
No written agreement on file.
Risk allocation: Holding company bears the credit risk.

_Sources: OECD Transfer Pricing Guidelines 2022, paragraph 1.36; Tax Department, Frequently Asked Questions about Transfer Pricing, questions 13, 31 and 42_
_Status: draft. Content hash 90e6362455c285382a5cff8fadca2af268f036466de441a22bdd172f34ea2676._
- Reviewed: not yet
- Verified: not yet
- Confirmed: not yet

## 2.2 Physical cash pool
Physical cash pool: deposits from the tankers: Northbridge Tankers Ltd to Northbridge Marine Holdings Ltd, interest €238,000 in the year on a maximum principal of €6,800,000.
Method: Comparable uncontrolled price, deposit rate. Tested party: Northbridge Marine Holdings Ltd.
Circular 6/2023 safe harbour: not available: the category is over the threshold.
No written agreement on file.
Risk allocation: The depositor bears the credit risk of the pool leader.

_Sources: OECD Transfer Pricing Guidelines 2022, paragraph 1.36; Tax Department, Frequently Asked Questions about Transfer Pricing, questions 13, 31 and 42_
_Status: draft. Content hash cc7840b403b2f546aa117667e8b3864e1d1b87dd6e3d8f94623d7c7fcf5b7403._
- 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…).
Interest-free shareholder balance: maximum principal €3,200,000; rate none charged (interest-free); tenor not on file; interest in the year €0.
Physical cash pool: deposits from the tankers: maximum principal €6,800,000; rate 3.50%; tenor not on file; interest in the year €238,000.

_Sources: OECD Transfer Pricing Guidelines 2022, Chapter V, Annex I and Annex II; Tax Department, Frequently Asked Questions about Transfer Pricing, questions 3, 9 and 10_
_Status: draft. Content hash 0f941d762c5c8a3a99dd1e3b916c385c8718b7365ce698c3ee72cd5b60da6bc3._
- Reviewed: not yet
- Verified: not yet
- Confirmed: not yet