Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 112

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 112
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 up

to date, during

the life of

the ship, according

to MEPC Guidelines.

The ships

are

subject

to

survey

(initial,

renewal,

additional

and

final)

and

certification

and

should

keep

a

valid

International

Certificate

on

Inventory

of

Hazardous

Materials

or

an

International

Ready

for

Recycling

Certificate (in

case of

recycling), on

board. For

ships been

resulted to

contain hazardous

materials (like

asbestos),

actions

for

removal

should

be

taken

by

the

shipowner.

The

ships

should

only

be

recycled

according to the regulations. If the ship is detected to be in violation of this Convention, the Party carrying

out an inspection may take

steps to warn, detain, dismiss,

or exclude the ship from

its ports, which might

have an impact in our commercial image and

cause high fines to the company. Our fleet already complies

with

this

regulation

but

the

preparation,

maintenance

and

whenever

needed

removal

have

resulted

in

substantial costs.

Compliance Enforcement

Noncompliance

with

the

ISM

Code

or

other

IMO

regulations

may

subject

the

ship

owner

or

bareboat

charterer to increased liability, may lead to decreases

in available insurance coverage

for affected vessels

and may

result in

the denial

of access

to, or

detention in,

some ports.

The USCG

and European

Union

authorities have

indicated that

vessels not

in compliance with

the ISM

Code by

applicable deadlines will

be prohibited

from trading

in U. S.

and European

Union ports,

respectively.

As of

the date

of this

report,

each of our vessels

is ISM Code certified. The

IMO continues to review and

introduce new regulations. It

is impossible to

predict what additional regulations,

if any,

may be passed

by the IMO

and what effect,

if

any, such regulations might have on our operations.

U. S. Regulations

The U. S. Oil Pollution

Act of 1990 and

the Comprehensive Environmental Response, Compensation and

Liability Act

The U.