Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 32

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 32
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1,168for the sale of the two suezmax tankers, Eurochampion 2004and Euronike, the two aframax tankers Izumo Princessand Nippon Princessand the LNG carrier, Neo Energy, respectively. TST may also charge a fee of $ 250(or such other sum as may be agreed) on delivery of each new-building vessel in payment for the cost of design and supervision of the new-building by TST. In the first half of 2025, $nil was charged for supervision fees compared to $ 1,000in aggregate for the aframax tankers Njord DF, Ran DF, Chios DFand Ithaki DFin the first half of 2024. 0

TST for chartering services rendered charged $ 2,265for the second quarter of 2025 compared to $ 2,564for the prior year second quarte r. For the first half of 2025, the charge amounted to $ 4,604compared to $ 5,102for the prior year first half.

At June 30, 2025, the amount due to TST as commercial manager was $ 562($ 430at December 31, 2024).

There is also as of June 30, 2025, an amount of $ 584($ 510at December 31, 2024) due to TST, included in accrued liabilities, which relates to services rendered but not yet invoiced.

On July 24, 2025 and July 28, 2025, the Company sold its handysize tankers Aegeasand Andromeda, respectively, to related party interests, client companies of TST, for $ 14,000and $ 14,000, respectively.

(d) Argosy Insurance Company Limited (“Argosy”): The Company places its hull and machinery insurance, increased value insurance and war risk and certain other insurances through Argosy, a captive insurance company affiliated with TST. During the six-month period ended June 2025, the Company incurred insurance recoveries from loss of hire recorded in voyage revenues amounting to $ 3,524and $ 1,229for the prior year first half, and insurance recoveries from damages to fixed assets recorded in vessel operating expenses of $ 2,907and $ 6,820for the prior year first half, presented in the accompanying consolidated statements of comprehensive income, respectively. For the second