Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 310

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 310
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 the

weighted average remaining lease

term of the above lease

agreements was
6.70
years, the

average interest rate

was
4.83
% and

the sublease

income during the

years ended

December
31, 2024 was $
28,814, included in time charter revenues.
As of

December 31,

2024, and

throughout

the term

of the

leases,

the Company

has annual

finance liabilities
as shown in the table below:

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-29

Period
Principal Repayment
Year 1
$
9,808
Year 2
10,224
Year 3
10,661
Year 4
11,151
Year 5
11,604
Year 6 and

thereafter
70,452
Total
$
123,900

10.

Commitments and Contingencies
a)
Various

claims, suits,

and complaints,

including those

involving government

regulations and

product
liability, arise in

the ordinary

course of

the shipping

business. In

addition, losses

may arise

from disputes
with

charterers,

agents,

insurance

and

other

claims

with

suppliers

relating

to

the

operations

of

the
Company’s

vessels.

The

Company

accrues

for

the

cost

of

environmental

and

other

liabilities

when
management becomes

aware that

a liability

is probable

and is

able to

reasonably estimate

the probable
exposure. The Company’s vessels are

covered for pollution in the

amount of $
1
billion per vessel per
incident, by the

P& I Association in

which the Company’s

vessels are entered.

In 2022, the

Company
recorded a

gain of

$
1,789
from insurance

recoveries received

from its

insurers for

claims covered

under
its insurance

policies, which

is separately

presented as

insurance recoveries

in the

accompanying 2022
consolidated statement of income.
b)
Purs