How to Record Port Wharfage Charges
Accounting for fees charged by a port authority for the use of a pier or dock during cargo operations.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Port Expenses - Wharfage | Debit | 4,500.00 | - |
| Accounts Payable | Credit | - | 4,500.00 |
💡 Accountant's Note
Wharfage is a variable voyage expense recognized when the vessel uses port infrastructure for loading or discharging cargo.
Practitioner & Systems Framework
💻 ERP Architecture
Ensure the cost is allocated to the specific voyage number in the vessel management module.
⚠️ Audit Flags
Discrepancies between cargo manifests and wharfage invoices from the port authority.
📄 Required Documentation
Wharfage invoice, Statement of Facts (SOF), and Bill of Lading.
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