Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 157

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 7
Chunk 157
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 aframax tanker Ise Princess, respectively. Monthly fees for VLCC Dias Iand suezmax tankerEurochampion 2004(up to the sale January 11, 2024) amounted to $28.7 thousand and $29.7 thousand, respectively. For the newly acquired vessels, aframax tankersAlpes, Aspen, and the suezmax tanker Popi Sazaklis, monthly fees amounted to $29.3 thousand and $28.7 thousand for the dual fuel LNG aframax tankers DF MontmartreandDF Mystras, respectively. For chartered in vessels or chartered out on a bare-boat basis and for vessels under construction, monthly fees were $21.0 thousand. We paid Tsakos Energy Management aggregate management fees of $19.9 million in 2024, $19.5 million in 2023 and $20.2 million in 2022.

  Table of Contents      72  

Chartering Commissions, Sale and Purchase Commissions and Vessel New-delivery Fees

We pay a chartering commission to Tsakos Shipping equal to 1.25% on all freight, hires and demurrages involving our vessels. Tsakos Shipping may also charge a brokerage commission on the sale of a vessel. In 2024, the two suezmax tankers, Eurochampion 2004and Euronike, the two aframax tankers Izumo Princessand Nippon Princessand the LNG carrier, Neo Energywere sold and for this service Tsakos Shipping charged a brokerage commission of $1.2 million in total, representing 0.5% of the sale price. In 2023, the handymax tankersAfrodite, Artemis, Ariadne, Aris, Ajax, Apollonand the handysize tankersArion, Amphitritewere sold and for this service, Tsakos Shipping charged a brokerage commission of $0.8 million in total, representing 0.5% of the sale price of each vessel. In 2022, the aframax tanker Proteasand the panamax tanker Incawere sold and for this service, Tsakos Shipping charged a brokerage commission of $0.3 million in total, representing 1.0% of the sale price of each vessel. We have been charged by Tsakos Shipping chartering and brokerage commissions aggregating $9.7 million in 2024 ($11.0 million in 2023