Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 48

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 4
Chunk 48
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 2022      time charter      January 2027                          LNG             
  2. Maria Energy                    2016         93,301      2016      time charter      April 2038                            LNG             
  Total Vessels                        61      7,454,725                                                                                        

  Table of Contents      28  

  (1)      Certain of the vessels are operating in the spot market under contracts of affreightment (“ CoA”)  

  (2)      Ice-class classifications are based on ship resistance in brash ice channels with a minimum speed of 5 knots for the following conditions ice-1A: 1m brash ice, ice-1B: 0.8m brash ice, ice-1C: 0...  

  (3)      The charterer has the option to extend the term of the charter for one year.  

  (4)      The charter rate for these vessels is based on a fixed minimum rate for the Company plus different levels of profit sharing above minimum rate, determined and settled on a calendar month basis.  

  (5)      These vessels are chartered under fixed and variable hire rates. The variable portion of hire is recognized to the extent the amount becomes fixed and determinable at the reporting date. Determ...  

  (6)      49% of the holding company of these vessels is held by a third-party.  

  (7)      The charterer has the option to extend the term of the charter for up to seven additional years.  

  (8)      The charterer has the option to extend the term of the charter for up to five additional years.  

  (9)      The charterer has the option to extend the term of the charter for up to three additional years.  

  (10)      Vessels are chartered-in on a bare-boat basis by a subsidiary company. Vessel Sakura Princess until 2025, Arctic and Antarctic until 2026 and Tenergy until 2032.  
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  (11)      These vessels are chartered under fixed and variable hire rates. The variable portion of hire is recognized to the extent the amount becomes fixed and determinable at the reporting date. Determ...  

  (12)      The charterer has the option to extend the term of the charter for up to four additional