Source document: nordic-american-tankers-limited_2019

Question: What does Vessel Calendar Days refer to?
Facts: the total number of days the vessels were in our fleet.
Answer: the total number of days the vessels were in our fleet.

Question: How is TCE rate Per day derived?
Facts: Net Voyage Revenue divided by total TCE days.
Answer: Net Voyage Revenue divided by total TCE days.

Question: What are the respective net voyage revenue in 2018 and 2019?
Facts: 124,004; 175,450
Answer: 124,004; 175,450 thousand

Question: What is the average voyage revenue in 2018 and 2019?
Facts: 289,016; 317,220
Derivation: (289,016 + 317,220)/2 
Answer: 303118 thousand

Question: What is the average voyage expenses in 2018 and 2019?
Facts: 141,770; 165,012
Derivation: (165,012 + 141,770)/2 
Answer: 153391 thousand

Question: What is the average net voyage revenue in 2018 and 2019?
Facts: 124,004; 175,450
Derivation: (124,004 + 175,450)/2 
Answer: 149727 thousand

Question: What are the respective spot charter revenues in 2018 and 2019?
Facts: 259,978; 283,007
Answer: 259,978; 283,007 thousand

Question: What are the respective time charter revenues in 2018 and 2019?
Facts: 29,038; 34,213
Answer: 29,038; 34,213 thousand

Question: What are the respective total voyage revenues in 2018 and 2019?
Facts: 289,016; 317,220
Answer: 289,016; 317,220 thousand

Question: What is the value of the 2019 spot charter revenues as a percentage of the 2018 spot charter revenues?
Facts: 259,978; 283,007
Derivation: 283,007/259,978 
Answer: 108.86 percent

Question: What is the value of the 2019 time charter revenues as a percentage of the 2018 time charter revenues?
Facts: 29,038; 34,213
Derivation: 34,213/29,038 
Answer: 117.82 percent

Question: What is the value of the 2019 total voyage revenue as a percentage of the 2018 total voyage revenues?
Facts: 289,016; 317,220
Derivation: 317,220/289,016 
Answer: 109.76 percent

Question: Who are the respective chairman and vice chairman of the company?
Facts: Herbjørn Hansson; Jim Kelly
Answer: Herbjørn Hansson; Jim Kelly

Question: Who are the company's directors?
Facts: Alexander Hansson; David Workman; Herbjørn Hansson; Jim Kelly; Richard H. K. Vietor
Answer: David Workman; Richard H. K. Vietor; Alexander Hansson; Herbjørn Hansson; Jim Kelly

Question: Who are the company's Chief Executive Officer and Chief Financial Officer?
Facts: Bjørn Giaever; Herbjørn Hansson
Answer: Herbjørn Hansson; Bjørn Giaever

Question: What is the average age of the company's Chairman and Vice Chairman?
Facts: 66; 72
Derivation: (72 + 66)/2 
Answer: 69

Question: What is the average age of the company's Chief Executive Officer and Chief Financial Officer?
Facts: 52; 72
Derivation: (72 + 52)/2 
Answer: 62

Question: What is the total age of the company's Chief Executive Officer and Chief Financial Officer?
Facts: 52; 72
Derivation: (72 + 52) 
Answer: 124

Question: What are the respective 2018 and 2019 fair value of the company's cash and cash equivalents?
Facts: 48,847; 49,327
Answer: 49,327; 48,847

Question: What are the respective 2018 and 2019 fair value of the company's investment securities?
Facts: 4,197; 825
Answer: 4,197; 825

Question: What are the respective 2018 and 2019 fair value of the company's vessel financing 2018 newbuildings?
Facts: (119,867); (127,140)
Answer: (127,140); (119,867)

Question: What is the average value of the 2018 and 2019 fair value of the company's cash and cash equivalents?
Facts: 48,847; 49,327
Derivation: (49,327 + 48,847)/2 
Answer: 49087

Question: What is the average value of the 2018 and 2019 fair value of the company's investment securities?
Facts: 4,197; 825
Derivation: (4,197 + 825)/2 
Answer: 2511

Question: What is the average value of the 2018 and 2019 fair value of the company's vessel financing 2018 newbuildings?
Facts: 119,867; 127,140
Derivation: (127,140 + 119,867)/2 
Answer: 123503.5

Question: What is the the respective years in which Nordic Freedom was built and delivered to NAT?
Facts: 2005
Answer: 2005; 2005

Question: What is the the respective years in which Nordic Moon was built and delivered to NAT?
Facts: 2002; 2006
Answer: 2002; 2006

Question: What is the the respective years in which Nordic Apollo was built and delivered to NAT?
Facts: 2003; 2006
Answer: 2003; 2006

Question: What is the total weight of Nordic Freedom and Nordic Moon?
Facts: 159,331; 160,305
Derivation: (159,331 + 160,305) 
Answer: 319636

Question: What is the average weight of Nordic Freedom and Nordic Moon?
Facts: 159,331; 160,305
Derivation: (159,331 + 160,305)/2 
Answer: 159818

Question: What is the weight of Nordic Moon as a percentage of the weight of Nordic Apollo?
Facts: 159,998; 160,305
Derivation: 160,305/159,998 
Answer: 100.19 percent

Question: What does the Right of Use Asset refer to?
Facts: relates to certain office lease contracts
Answer: relates to certain office lease contracts

Question: What are the respective values of the company's fixture, furniture and equipment in 2018 and 2019?
Facts: 128; 65
Answer: 128; 65 thousand

Question: What are the respective values of the company's other non-current assets in 2018 and 2019?
Facts: 57; 83
Answer: 83; 57 thousand

Question: What is the average other non-current assets as at December 31, 2018 and 2019?
Facts: 57; 83
Derivation: (83 + 57)/2
Answer: 70 thousand

Question: What is the change in Fixture, Furniture and Equipment between 2018 and 2019?
Facts: 128; 65
Derivation: 128-65
Answer: 63 thousand

Question: What is the value of the other non-current assets as at December 31, 2018 as a percentage of the value of other non-current assets in 2019?
Facts: 57; 83
Derivation: 83/57 
Answer: 145.61 percent

Question: What are the respective values excluded from the Accumulated Impairment Loss on Vessels?
Facts: $110.5 million related to vessels disposed of in 2018; Impairment charges of $2.2 million
Answer: Impairment charges of $2.2 million; $110.5 million related to vessels disposed of in 2018

Question: What is excluded from the accumulated depreciation of vessels in 2018?
Facts: Depreciation charges of $497.0 million related to vessels disposed of in 2018
Answer: Depreciation charges of $497.0 million related to vessels disposed of in 2018

Question: What are the respective values of vessels as of January 1, 2018 and 2019?
Facts: 1,307,087; 1,769,967
Answer: 1,769,967; 1,307,087

Question: What is the percentage change in the value of vessels between January 1, 2018 and 2019?
Facts: 1,307,087; 1,769,967
Derivation: (1,307,087 - 1,769,967)/1,769,967 
Answer: -26.15 percent

Question: What is the average value of additional vessels added in 2018 and 2019?
Facts: 169,446; 2,531
Derivation: (169,446 + 2,531)/2 
Answer: 85988.5 thousand

Question: What is the percentage change in the value of vessel additions between 2018 and 2019?
Facts: 169,446; 2,531
Derivation: (2,531 - 169,446)/169,446 
Answer: -98.51 percent

Question: What are the respective interest expenses capitalised in the years ended December 31, 2019 and 2018?
Facts: $0.0 million; $2.6 million
Answer: $0.0 million; $2.6 million

Question: What are the respective interest expenses capitalised in the years ended December 31, 2018 and 2017?
Facts: $2.5 million; $2.6 million
Answer: $2.6 million; $2.5 million

Question: What are the respective interest expenses net of capitalised interest in 2018 and 2019?
Facts: 29,753; 34,018
Answer: 29,753; 34,018 thousand

Question: What is the percentage change in the interest expense, net of capitalised interest between 2017 and 2018?
Facts: 18,286; 29,753
Derivation: (29,753 - 18,286)/18,286 
Answer: 62.71 percent

Question: What is the percentage change in the interest expense, net of capitalised interest between 2018 and 2019?
Facts: 29,753; 34,018
Derivation: (34,018 - 29,753)/29,753 
Answer: 14.33 percent

Question: What is the percentage change in the total interest expense between 2018 and 2019?
Facts: 34,549; 38,390
Derivation: (38,390 - 34,549)/34,549 
Answer: 11.12 percent

Question: What are the respective years that Nordic Freedom is built and delivered to NAT?
Facts: 2005
Answer: 2005; 2005

Question: What are the respective years that Nordic Moon is built and delivered to NAT?
Facts: 2002; 2006
Answer: 2002; 2006

Question: What are the respective years that Nordic Apollo is built and delivered to NAT?
Facts: 2003; 2006
Answer: 2003; 2006

Question: What is the average weight of the Nordic Freedom and Nordic Moon?
Facts: 159,331; 160,305
Derivation: (159,331 + 160,305)/2 
Answer: 159818

Question: What is the average weight of the Nordic Apollo and Nordic Cosmos?
Facts: 159,998; 159,999
Derivation: (159,998 + 159,999)/2 
Answer: 159998.5

Question: What is the average weight of the Nordic Grace and Nordic Mistrals?
Facts: 149,921; 164,236
Derivation: (149,921 + 164,236)/2 
Answer: 157078.5

Question: What does Senior Secured Credit Facility refer to?
Facts: obligation to repay indebtedness outstanding as of December 31, 2019.
Answer: obligation to repay indebtedness outstanding as of December 31, 2019.

Question: What does Interest Payments refer to?
Facts: estimated interest payments over the term of the indebtedness outstanding as of December 31, 2019
Answer: estimated interest payments over the term of the indebtedness outstanding as of December 31, 2019

Question: What does Financing of 2018 Newbuildings refer to?
Facts: obligation to repay indebtedness outstanding as of December 31, 2019 for three 2018 Newbuildings.
Answer: obligation to repay indebtedness outstanding as of December 31, 2019 for three 2018 Newbuildings.

Question: What is the average total Senior Secured Credit Facility and Interest Payments?
Facts: 291,798; 82,255
Derivation: (291,798 + 82,255)/2 
Answer: 187026.5 thousand

Question: What is the average total Interest Payments and Financing of 2018 Newbuildings?
Facts: 119,867; 82,255
Derivation: (82,255 + 119,867)/2 
Answer: 101061 thousand

Question: What is the total average Financing of 2018 Newbuildings and Interest Payments 2018 Newbuildings?
Facts: 119,867; 47,517
Derivation: (119,867 + 47,517)/2 
Answer: 83692 thousand

Question: How many common shares were outstanding as of the date of this annual report?
Facts: 147,230,634
Answer: 147,230,634

Question: How many shares are owned by the Hansson family?
Facts: 4,380,659
Answer: 4,380,659

Question: What is the percentage of shares owned by the Hanssen family?
Facts: 2.98%
Answer: 2.98%

Question: What is the total number of shares owned by the Hanssen family and Richard Vietor?
Facts: 0; 4,380,659
Derivation: (4,380,659 + 0) 
Answer: 4380659

Question: What is the average number of shares owned by the Hanssen family and Jim Kelly?
Facts: 0; 4,380,659
Derivation: (4,380,659 + 0)/2 
Answer: 2190329.5

Question: What is the total number of shares owned by David Workman and Bjørn Giæver?
Facts: 0
Derivation: 0 + 0 
Answer: 0

Question: In December 2017, what was the increase in equity from the Company's underwritten public offering?
Facts: $103.7 million
Answer: $103.7 million

Question: How many shares did the company issue in 2019 through the ATM program?
Facts: 5,260,968 shares
Answer: 5,260,968 shares

Question: What are the respective number of authorised shares as of December 31, 2018 and 2019?
Facts: 360,000,000
Answer: 360,000,000; 360,000,000

Question: What is the value of the number of shares issued by the company in 2017 as a percentage of its total issued and outstanding shares as at December 31, 2017?
Facts: 141,969,666; 40,000,000
Derivation: 40,000,000/141,969,666 
Answer: 28.18 percent

Question: What is the value of the number of issued shares in 2019 as a percentage of the company's total issued and outstanding shares as at December 31, 2019?
Facts: 147,230,634; 5,260,968
Derivation: 5,260,968/147,230,634 
Answer: 3.57 percent

Question: What is the average number of authorised shares as at December 31, 2018 and 2019?
Facts: 360,000,000
Derivation: (360,000,000 + 360,000,000)/2 
Answer: 360000000

Question: What are the number of options granted by the company with vesting over a period of two and three years, respectively? 
Facts: 234,000; 755,000
Answer: 755,000; 234,000

Question: What is the exercise price per share of options with vesting over a period of two and three years, respectively granted by the company?
Facts: $4.70
Answer: $4.70; $4.70

Question: What are the respective volatility of options with 2 and 3 years vesting?
Facts: 52.5%; 57.5%
Answer: 57.5%; 52.5%

Question: What is the change in Weighted-average grant date fair value between the options with two year vesting and three year vesting?
Facts: 0.58; 0.59
Derivation: 0.59-0.58
Answer: 0.01

Question: What is the average dividend yield between options with vesting over a period of two and three years?
Facts: 10; 2
Derivation: (10% + 10%)/2  
Answer: 10 percent

Question: What is the average volatility between the options with 2 and 3 years vesting?
Facts: 2; 52.5; 57.5
Derivation: (52.5% + 57.5%)/2 
Answer: 55 percent

Question: What are the respective voyage revenue in 2017 and 2018?
Facts: 289,016; 297,141
Answer: 297,141; 289,016 thousand

Question: What are the respective voyage expenses in 2017 and 2018?
Facts: 142,465; 165,012
Answer: 142,465; 165,012 thousand

Question: What are the respective net voyage revenue in 2017 and 2018?
Facts: 124,004; 154,676
Answer: 154,676; 124,004 thousand

Question: What is the value of the voyage revenue in 2017 as a percentage of the revenue in 2018?
Facts: 289,016; 297,141
Derivation: 297,141/289,016 
Answer: 102.81 percent

Question: What is the value of the voyage expenses in 2017 as a percentage of the expenses in 2018?
Facts: 142,465; 165,012
Derivation: 142,465/165,012 
Answer: 86.34 percent

Question: What is the value of the net voyage revenue in 2017 as a percentage of the net voyage revenue in 2018?
Facts: 124,004; 154,676
Derivation: 154,676/124,004 
Answer: 124.73 percent

Question: What are the respective voyage revenue in 2018 and 2019?
Facts: 289,016; 317,220
Answer: 289,016; 317,220 thousand

Question: What are the respective voyage expenses in 2018 and 2019?
Facts: 141,770; 165,012
Answer: 165,012; 141,770 thousand

Question: What are the respective vessel operating expenses in 2018 and 2019?
Facts: 66,033; 80,411
Answer: 80,411; 66,033 thousand

Question: What is the percentage change in the voyage revenue between 2018 and 2019?
Facts: 289,016; 317,220
Derivation: (317,220-289,016)/289,016 
Answer: 9.76 percent

Question: What is the percentage change in the voyage expenses between 2018 and 2019?
Facts: 141,770; 165,012
Derivation: (141,770 - 165,012)/165,012 
Answer: -14.09 percent

Question: What is the percentage change in the vessel operating expenses between 2018 and 2019?
Facts: 66,033; 80,411
Derivation: (66,033 - 80,411)/80,411 
Answer: -17.88 percent

Question: What is the amount of per share distributed as dividend-in-kind included in the 3rd quarter dividend in 2017?
Facts: $0.05 per share distributed as dividend-in-kind
Answer: $0.05 per share distributed as dividend-in-kind

Question: What is the total dividends distributed in 2019?
Facts: $0.10
Answer: $0.10

Question: What is the value of total dividends distributed in 2019?
Facts: $14.3 million
Answer: $14.3 million

Question: What is the average quarterly dividend payments per share in the first quarter of 2018 and 2019?
Facts: 0.03; 0.04
Derivation: (0.03 + 0.04)/2 
Answer: 0.04

Question: What is the average quarterly dividend payments per share in the second quarter of 2018 and 2019?
Facts: 0.01; 0.03
Derivation: (0.03 + 0.01)/2 
Answer: 0.02

Question: What is the average quarterly dividend payments per share in the third quarter of 2018 and 2019?
Facts: 0.01; 0.02
Derivation: (0.01 + 0.02)/2 
Answer: 0.01