CHANCERY DESK VII • FOUNDED 2011 • LEX • RATIO • RESTITUTIO

TITAN BUNKER-SOVEREIGN™

TITAN CAPITAL FORENSICS LLP NEW YORK • ZURICH • LONDON • MONACO • HOUSTON • DUBAI
DESK VII • STATUTORY RESTITUTION TERMINAL

Superyacht Bunker Uplifts and Mediterranean Port Disbursement Accounts Carry 14%–27% Illegitimate Tax & Agency Markups.

Under U.S. Code § 4221(a)(3) and EU Energy Taxation Directive 2003/96/EC Article 14(1)(c), commercial-charter yachts (YET / Maltese Commercial Yacht Code) and foreign-flagged vessels departing territorial waters are entitled to duty-free marine gasoil (MGO) and zero-rated VAT provisioning—while port agents routinely pad Final Disbursement Accounts (FDAs) with undisclosed FX spreads and phantom berthage tariffs.

GOVERNING STATUTORY AUTHORITY: 26 U.S.C. § 4221(a)(3) / EU Council Directive 2003/96/EC Art. 14(1)(c) & BIMCO PDA Standards
CLIENTELE MANDATE: 50m–120m+ Superyacht Owning SPVs, Maritime Family Offices (Monaco, Cayman, Marshall Islands, Fort Lauderdale)
✓ 48-YEAR PARTNER WORKPAPER LINEAGE
✓ ZERO CONTINGENCY FEE (100% RECOVERY YOURS)
✓ SHA-256 CERTIFIED DOSSIER

Deterministic Forensic Intake Terminal

Simulate your statutory principal recovery or upload redacted ledger PDFs for instant cryptographic parsing.

Annual Superyacht MGO Bunker & Port Disbursement Spend ($ USD) 950,000 USD
ESTIMATED STATUTORY PRINCIPAL RECOVERY
100% RETAINED BY CLIENT (0% CONTINGENCY)
$159,600
[ DROP REDACTED LEDGER / STATEMENT PDF OR CLICK TO UPLOAD ]
Zero-Data-Retention Ephemeral RAM Parsing • AES-256 Encrypted

LIVE MARITIME BUNKER & FINAL PDA AUDIT — 74M CAYMAN COMMERCIAL YACHT

CERTIFIED REDLINE SPECIMEN • CASE #TCF-2026-8841
Gross Billed Bunker + Med/Caribbean Port FDAs $950,000.00
Verified Published Port Tariff & Net Duty-Free MGO $790,400.00
Reclaimable Bunker Excise / VAT (Art. 14(1)(c) & § 4221) $108,300.00
Disallowed Port Agent Phantom Harbor & FX Markups +$51,300.00
EXHIBIT G-1 • DUTY-paid MARINE GASOIL (MGO) UPLIFT IN PORT EVERGLADES & ANTIBES $108,300.00 Excise/VAT Rebate
COUNTERPARTY BILLED ENTRY

210,000 Liters MGO invoiced with full domestic excise and 20% VAT despite active Commercial Charter Registry & foreign clearance ($108,300.00)

STATUTORY / FORENSIC VIOLATION

EU DIRECTIVE 2003/96/EC ART. 14(1)(c) & 26 U.S.C. § 4221(a)(3): Mandatory tax exemption & retroactive customs excise rebate on commercial/international navigation bunkers.

EXHIBIT G-2 • MONACO / PALMA / ST. BARTHS FINAL PORT DISBURSEMENT ACCOUNT (FDA) $34,800.00 PDA Credit
COUNTERPARTY BILLED ENTRY

Port Agent sub-vouchers inflated 22% above published Harbour Authority Pilotage, Towage & Mooring Tariff ($34,800.00)

STATUTORY / FORENSIC VIOLATION

BIMCO AGENCY APPOINTMENT CLAUSE 8: Port agents must pass through official harbour authority tariffs at face value without hidden markup.

EXHIBIT G-3 • UNDISCLOSED MULTI-CURRENCY FX CONVERSION SPREAD (EUR/USD/GBP) $16,500.00 FX Restitution
COUNTERPARTY BILLED ENTRY

4.2% hidden FX conversion spread embedded across 19 Mediterranean port disbursements ($16,500.00)

STATUTORY / FORENSIC VIOLATION

MARITIME FIDUCIARY ACCOUNTING BREACH: Re-rated to ECB / Bloomberg spot settlement date rates.

Fixed-Fee Statutory Audit Mandates (0% Contingency)

WHY PAY A 35% CONTINGENCY HUNTER WHEN ARITHMETIC IS FIXED?
MANDATE TIER 01

Single-Season Superyacht Bunker & PDA Audit

$8,500 FLAT FEE • 0% CONTINGENCY

1 Yacht SPV + Full Med/Caribbean Season Bunker & Port FDA Audit + Customs Rebate Filings.

COMMISSION STATUTORY AUDIT →
MANDATE TIER 03

Maritime Family Office Fleet Chancery

$25,000 FLAT FEE • 0% CONTINGENCY

Multi-Vessel Fleet + Private Aviation Cross-Audit + Partner-Signed Admiralty Restitution Dossier.

COMMISSION STATUTORY AUDIT →
ESTABLISHED IN PARTNER WORKPAPERS 1978 • COMPUTATIONAL TERMINAL 2026
“Negotiation is for opinions. Arithmetic is final.”

Every statutory recovery dossier issued by TITAN BUNKER-SOVEREIGN™ is cryptographically hashed (SHA-256), cross-examined against primary federal/state registries, and formatted for immediate submission to opposing counsel, tax authorities, or escrow agents.

S. Ismail & Chancery Partners
OFFICE OF THE MANAGING PARTNER • TITAN CAPITAL FORENSICS LLP
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