Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 239

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 239
---
 Bunker and EUAs swaps                                  Current portion of financial instruments - Fair value                        327      607               25                         72            
  Subtotal                                                                                                                            593      1,253             25                         596           
  Total derivatives                                                                                                                   593      1,253             25                         596           

Derivatives designated as Hedging Instruments - Net effect on the Consolidated Statements of Comprehensive Income

Financial Instruments - Gain (Loss) Recognized In Accumulated Other Comprehensive Income (Loss) on Derivative (Effective Portion) (Table)

  Derivative                                                                                                                                           Amount                
                                                                                  (Loss) Gain Recognized in                                2024          2023          2022  
  Interest rate swaps                                                                                                                        91        ( 134)        28,393  
  Reclassification to Interest and finance costs, net due to de-designations                                                           ( 3,596)      ( 5,265)      ( 3,753)  
  Reclassification to Depreciation expense                                                                                                  116           219           200  
  Total                                                                                                                                ( 3,389)      ( 5,180)        24,840  

The accumulated income (loss) from Derivatives designated as Hedging instruments recognized in accumulated other comprehensive (loss) income as of December 31, 2024, 2023 and 2022, was $904 (loss), $ 2,485 7,665 (904)

Derivatives not designated as Hedging Instruments - Net effect on the Consolidated Statements of Comprehensive Income

Financial Instruments - Schedule of Derivatives Not Designated as Hedging Instruments - Net Effect on the Statement Of Comprehensive Income (Table)

  Derivative                                                        Amount                       
                             Net Realized and Unrealized Gain         2024      2023       2022  
  Interest rate swaps        Interest and finance costs, net           144       122      1,472  
  Bunker and EUAs swaps      Interest and finance costs, net         1,143       247      7,923  
  Total                                                              1,287       369      9,395  

15. Liabilities assumed from time charters attached

Upon acquisition of the four aframax tankers, DF Montmartre Alpes DF Mystras, Aspen Popi Sazaklis, 46,927(Level 2), being the present value of the difference between the existing charter rates and the market rates on the acquisition