Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 27

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 27
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 the

vessel that

is subject

to the claimant’s

maritime lien

and any

“associated” vessel,

which

is any

vessel owned

or controlled

by the

same owner.

Claimants could

try to

assert “sister-ship”

liability

against

one

vessel

in

our

fleet

for

claims

relating

to

another

of

our

ships.

Under

some

of

our

present

charters, if the vessel is arrested or detained as a result of a claim against us, we may be in default of our

21

charter

and

the

charterer

may

suspend

the

payment

of

hire

under

the

charter

and

charge

us

with

any

additional expenses

incurred during

that period,

which may

negatively impact

our revenues

and cash

flows.

We conduct business

in China, where the

legal system has inherent

uncertainties that could limit

the legal protections available to us.

Some

of

our

vessels may

be

chartered to

Chinese

customers and

from

time

to

time

on

our

charterers'

instructions,

our

vessels

may

call

on

Chinese

ports.

Such

charters

and

voyages

may

be

subject

to

regulations in China

that may require

us to incur

new or additional

compliance or other

administrative costs

and

may require

that

we pay

to

the

Chinese government

new taxes

or other

fees.

Applicable laws

and

regulations in

China may

not be well

publicized and

may not

be known

to us

or to our

charterers in

advance

of us

or our

charterers becoming

subject to

them, and

the implementation

of such

laws and

regulations

may be

inconsistent. Changes in

Chinese laws and

regulations, including with

regards to

tax matters, or

changes

in

their

implementation

by

local

authorities

could

affect

our

vessels

if

chartered

to

Chinese

customers as well

as our vessels

calling to Chinese

ports and could

have a material

adverse impact on

our