Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 55

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 55
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 four aframax tankers, DF Montmartre, Alpes, DF Mystrasand Aspen, and the suezmax tanker Popi Sazaklis(Note 5), with time charter agreements attached, the Company recognized a liability of $ 46,927(Level 2), being the present value of the difference between the existing charter rates and the market rates on the acquisition date of each vessel, included in liabilities assumed from time charters attached in the accompanying consolidated balance sheets. For each of the second quarter and the first half of 2025, the amortization of liabilities assumed from time charters attached amounted to $ 4,753 and $ 10,596, respectively, compared to $ 6,276for the prior year second quarter and first half. The amortization of liabilities assumed from time charters attached is included in voyage revenues in the accompanying consolidated statements of comprehensive income.

The unamortized balance of the liability as of June 30, 2025, is expected to be amortized over the weighted average period of 1.2 years as follows:

Liabilities assumed from time charters attached - Unamortized balance expected to be amortized (table)

| Period/ Year                                    |     |   | Amount |
|:------------------------------------------------|:----|:--|-------:|
| July 1 to December 31, 2025                     |     | $ |  8,217 |
| 2026                                            |     |   |  8,047 |
| 2027                                            |     |   |  4,275 |
| Liabilities assumed from time charters attached |     | $ | 20,539 |

15. European Union’s Emissions Trading System

As of June 30, 2025, the Company has recognized European Union Allowances (“EUAs”) at the amount of $ 26,076. The amount of $ 12,970 to be surrendered by September 30, 2025, is included in accrued liabilities in the accompanying consolidated balances sheets and the amount of $ 13,106 to be surrendered by September 30, 2026, is included in accrued liabilities, net of current portion, in the accompanying consolidated balances sheets. The amount of $ 10,285 due to be collected from charterers and are included in trade accounts receivable, net in the accompanying consolidated balance sheets as of June 30, 2025, and the amount of $ 6,361has been purchased and/or already received from