Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 277

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 277
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3,

time deposits
(with

maturity above

three

months)

amounted to

$
63,500
and

$
40,000,

respectively.

During

2024
and 2023, the Company

placed new time deposits

exceeding three months of

$
63,500
and $
50,000,
respectively,

and

during

the

same

periods,

deposits

of

$
40,000
and

$
56,500
matured.

Restricted
cash consists

mainly of

cash deposits

required to

be maintained

at all

times under

the Company’s
loan facilities

(Note

8) as

compensating cash

balances and

are not

pledged. As

of December

31,
2024 and 2023, accrued

interest income amounted to

$
605
and $
1,206, respectively and is included
in prepaid expenses and other assets in the accompanying consolidated

balance sheets.
f)
Accounts Receivable, Trade:
The amount

shown as

accounts receivable, trade,

at each

balance
sheet date, includes

receivables from charterers

for hire from

lease agreements,

net of provisions

for
doubtful

accounts,

if

any.

At

each

balance

sheet

date,

all

potentially

uncollectible

accounts

are
assessed individually

for purposes of

determining the

appropriate provision

for doubtful accounts.

As
of December 31,

2024 and 2023 there

was
no
provision for doubtful accounts.

The Company does
not recognize interest income on trade receivables as all balances are

settled within a year.
g)
Inventories:
Inventories consist of lubricants and victualing which are stated, on a consistent

basis,
at the lower of cost or net realizable value. Net realizable value is the estimated selling prices in the
ordinary

course

of

business,

less

reasonably

predictable

costs

of

completion,

disposal,

and
transportation. When evidence exists that the net realizable value of inventory is lower than its cost,
the difference is recognized as a loss in

earnings in the period in

which it occurs. Cost is determined
by the first

in, first out method.

Amounts removed from inventory are

also determined by the

first in
first out method. Inventories