Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 311

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 311
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uant to the sale and lease

back agreements signed between the Company

and its counterparties,
the

Company

has

purchase

obligations

amounting

to

$
50,400,

at

the

end

of

the

lease

agreements
described in Note 9.
c)
On March

30, 2023,

the Company

entered into

a

corporate guarantee

with Nordea

under which

the
Company guarantees

the performance

by Bergen

of all

of its

obligations

under the

loan until

the maturity
of the loan

on March 30, 2028

(Note 4 (b)). The

Company considers the likelihood of

having to make
any payments under the guarantee to be remote, as the loan is also secured by an account pledge by
Bergen,

first

preferred

mortgage

on

the

vessel,

a

first

priority

general

assignment

of

the

earnings,
insurances

and

requisition

compensation

of

the

vessel,

a

charter

party

assignment,

a

partnership
interests

security

deed,

and

a

manager’s

undertaking.

Accordingly,

as

of

December

31,

2024,

the
Company

did

not

record

a

provision for

losses

under

the

guarantee

of

Bergen’s

loan

amounting to
$
13,533
on that date.
d)
As of December 31,

2024, the Company had

total obligations under shipbuilding

contracts (Note 6), as
follows:

Period
Amount
Year 1
$
-
Year 2
9,200
Year 3
36,800
Year 4
27,600
Total
$
73,600

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-30

e)

As

of

December

31,

2024,

the

Company’s

vessels,

owned

and

chartered-in,

were

fixed

under

time
charter

agreements,

considered

operating

leases.

The

minimum

contractual

gross

char