Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 296

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 296
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, commercial, provisioning, bunkering, sale and purchase, accounting and insurance services pursuant to separate ship-management agreements between the relevant vessel-owning subsidiaries of the Company and Navilands. For certain vessels, Navilands has subcontracted certain services to and has entered into sub-management agreements with Navilands (Shanghai). During the year ended December 31, 2024, Navilands charged management fees of $1,148 in the aggregate, which are included in Management and agency fees-related parties in the 2024 accompanying predecessor combined carve-out statements of operations. As of December 31, 2024, the working capital security paid by the Company to Navilands was $1,050, in aggregate, and is included in Due

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TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR Notes to Combined Carve-out Financial Statements December 31, 2023 and 2024 (Expressed in thousands of U.S. dollars, except share and per share data, unless otherwise stated) from related parties, non-current in the accompanying 2024 predecessor combined carve-out balance sheet. The balance due to Navilands as of December 31, 2024 amounted to $2,162 and is included in Due to related parties in the accompanying predecessor combined carve-out balance sheet. (d) Related party loans: On April 3, 2024, on August 5, 2024, on October 17, 2024, on November 1, 2024 and on December 20, 2024, Costamare provided CBI with five unsecured loan facilities of $30,000, $20,000, $10,000, $10,000 and $15,000, respectively. Each loan facility bears fixed interest payable quarterly and each loan facility principal amount is repayable on the first anniversary of each loan facility draw-down date or on any other longer date Costamare may agree to (Note 18(b)). As of December 31, 2024, the aggregate outstanding balance of the related party loan facilities was $85,000 and the aggregate interest expense charged amounted to $1,044, which is separately reflected as Interest expense - related parties in the accompanying predecessor combined carve-out statements of operations for the year ended December 31, 2024. 4. Inventories: Inventories in the accompanying predecessor combined carve-out balance sheets relate to bunk