Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 222

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 222
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 $ 23,010 22,911 22,776 23,061 22,956 94,284

Also, under the terms of the Management Agreement, the Management Company provide supervisory services for the construction of new vessels for a monthly fee of $ 21 2,093 1,897 1,107 170 157

(b) Tsakos Shipmanagement S. A. (“ TSM”):

The previously named TCM was owned jointly and in equal part by related party interests and by a private German group during the period up to February 2023, and is now fully owned by related party interests. TSM for technical services charged $nil, $ 567 1,947 0

At December 31, 2024, the amount due from TSM was $ 2,623 5,287

TSM has a 25

(c) Tsakos Shipping and Trading S. A. (“ TST”):

TST for technical services rendered charged $ 2,222 1,203 176 1,098 0

TST provides chartering services for the Company’s vessels by communicating with third-party brokers to solicit research and propose charters. For this service, the Company pays TST a chartering commission of approximately 1.25% on all freights, hires and demurrages. Such commissions are included in Voyage expenses in the accompanying consolidated statements of comprehensive income. TST also provides sale and purchases of vessels brokerage service. In 2024, 2023 and 2022, TST charged a brokerage commission of $ 1,168(representing 0.5% of the sale price) for the sale of the two suezmax tankers, Eurochampion 2004 Euronike Izumo Princess Nippon Princess Neo Energy, 848(representing 0.5% of the sale price) for the sale of the six handymax tankers, Artemis, Afrodite, Ariadne, Aris, Apollon, Ajax Arion Amphitrite 326(representing 1.0% of the sale price) for the sale of the aframax tanker Proteas Inca 1,000 in aggregate was charged for supervision fees of the aframax tankers Njord DF Ran DF Chios DF Ithaki DF 500 was charged for supervision fees of the LNG carrier, Tenergy Porto.

TST for chartering services rendered charged $