Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 282

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 282
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and

increased

operating
income. Additionally, for

the period

from July

1, 2023

to December

31, 2023,

net income

and earnings
per share, basic and diluted, increased by $
3,773
and $
0.04, respectively.
n)
Deferred Costs
: The

Company follows

the deferral

method of

accounting for

dry-docking and

special
survey costs whereby actual costs incurred are deferred and amortized on a straight-line basis over
the period

through the date

the next

survey is

scheduled to

become due.

Unamortized deferred

costs
of vessels that

are sold or impaired

are written off

and included in

the calculation of

the resulting gain
or loss in the year of the vessel’s sale (Note 6) or impairment.
o)
Financing Costs
: Fees

paid for

obtaining finance liabilities,

fees paid

to lenders

for obtaining

new
loans,

new bonds, refinancing or amending existing loans,

are deferred and recorded as a contra to
debt. Other

fees paid

for obtaining

loan facilities

not used

at the

balance sheet

date are

deferred.
Fees relating to

drawn loan facilities

are amortized to

interest and finance

costs over the

life of the
related debt

using the

effective interest method

and fees

incurred for

loan facilities not

used at

the
balance sheet date are amortized using

the straight-line method according to

their availability terms.
Unamortized

fees

relating

to

loans

or

bonds

repaid

or

repurchased

or

refinanced

as

debt
extinguishment

are

written

off

in

the

period

the

repayment,

prepayment,

repurchase

or
extinguishment is made and

included in the determination

of gain/loss on debt extinguishment.

Loan
commitment fees are

expensed

in the period

incurred, unless they

relate to loans

obtained to finance
vessels under construction, in which case, they are capitalized

to the vessels’ cost.
p)
Concentration

of

Credit

Risk
:

Financial

instruments,

which

potentially

subject

the

Company

to
significant concentrations