How to Record STS Transfer Fees
Recording the costs associated with Ship-to-Ship cargo transfers, including equipment rental and specialist fees.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Voyage Operating Expenses | Debit | 12,000.00 | - |
| Accrued Liabilities | Credit | - | 12,000.00 |
💡 Accountant's Note
Costs for STS transfers are recognized as voyage-related expenses when the transfer service is completed.
Practitioner & Systems Framework
💻 ERP Architecture
Map these to specific offshore service providers in the vendor master.
⚠️ Audit Flags
High frequency of STS transfers without corresponding cargo volume increases.
📄 Required Documentation
STS service agreement, mooring master reports, and equipment rental receipts.
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