Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 309

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 309
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-Current: The amounts presented as current and non-current accrued charter revenue in the accompanying predecessor combined carve-out balance sheets as of December 31, 2023 and 2024, reflect revenue earned, but not collected, resulting from charter agreements providing for varying annual charter rates over their terms, which were accounted for on a straight-line basis at their average rates. As of December 31, 2023, the net accrued charter revenue, totaling ($1,365), comprised of $12 separately reflected in Current assets and ($1,377) (discussed in (b) below) included in Unearned revenue in current liabilities in the accompanying December 31, 2023 predecessor combined carve-out balance sheet. As of December 31, 2024, the net accrued charter revenue, totaling ($4), (discussed in (b) below) is included in Unearned revenue in current liabilities in the accompanying December 31, 2024 predecessor combined carve-out balance sheet. (b) Unearned Revenue, Current and Non-Current: The amounts presented as current unearned revenue in the accompanying predecessor combined carve-out balance sheets as of December 31, 2023 and 2024, reflect: (a) cash received prior to the balance sheet date for which all criteria to recognize as revenue have not been met and (b) any unearned revenue resulting from charter agreements providing for varying annual charter rates over their term, which were accounted for on a straight-line basis at their average rate.

|                                                      |     | December 31, 
         2023 |     | December 31, 
         2024 |
|:-----------------------------------------------------|:----|-------------:|:----|-------------:|
| Hires collected in advance                           |     |      $26,467 |     |      $22,907 |
| Charter revenue resulting from varying charter rates |     |        1,377 |     |            4 |
| Total                                                |     |      $27,844 |     |      $22,911 |
| Less current portion                                 |     |      -27,844 |     |      -22,911 |
| Non-current portion                                  |     |           $— |     |           $— |

10. Commitments and Contingencies (a) Time charters: As of December 31, 2024, future minimum contractual time charter revenues, assuming 365 revenue days per annum per vessel and the earliest redelivery dates possible, based on vessels’ committed, non-c