Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 322

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 322
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 from

the international operations

of ships

is generally exempt

from U. S.

tax.
The applicable tax is
50
% of
4
% of U. S.-related gross transportation

income unless an exemption

applies.
The Company and each

of its subsidiaries expects it

qualifies for this statutory

tax exemption for the 2024,
2023 and

2022 taxable years,

and the

Company takes this

position for

United States federal

income tax
return reporting purposes.

16.

Financial Instruments and Fair Value Disclosures
Interest rate risk and concentration of credit risk
Financial instruments,

which potentially

subject the

Company to

significant concentrations

of credit

risk,
consist

principally

of

cash

and

trade

accounts

receivable.

The

ability

and

willingness

of

each

of

the

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-35

Company’s counterparties to perform their

obligations under a contract depend upon a

number of factors
that are

beyond the

Company’s control

and may

include, among

other things,

general economic

conditions,
the

state

of

the

capital

markets,

the

condition

of

the

shipping

industry

and

charter

hire

rates. The
Company’s credit risk with financial institutions is limited as it has temporary cash investments, consisting
mostly of deposits, placed with various qualified financial institutions and performs periodic evaluations of
the relative credit

standing of those financial

institutions. The Company limits

its credit risk

with accounts
receivable by performing ongoing

credit evaluations of its

customers’ financial condition and by

receiving
payments

of

hire

in

advance.

The

Company,

generally,

does

not

require

collateral

for

its

accounts
receivable and does not have any agreements to mitigate credit risk.
In

2024,

2023 and

2022 charterers

that

individually accounted

for
10
% or

more

of

the

Company’s time
charter revenues were as follows:

Charterer
2024
2023
2022
Cargill International SA
*
13%
19%
Koch