NOTE 5 – INTANGIBLE ASSETS AND LIABILITIES

Intangible assets subject to amortization are amortized using straight-line method over their estimated useful lives to their estimated residual value of zero. As of June 30, 2025, the weighted average useful life of the remaining favorable lease terms was 4.6 years. On July 3, 2025, the U.S. Department of Treasury’s Office of Foreign Assets Control added, amongst others, VS Tankers FZE (“VS Tankers”) to the Specially Designated Nationals list after being determined by the State Department to meet the criteria for the imposition of sanctions under Executive Order 13902. Navios Partners had two VLCCs, which were bareboat chartered-out to VS Tankers. On July 4, 2025, Navios Partners terminated the contracts for these vessels. The termination of these contracts is expected to have a $27,277 accelerated amortization impact and the weighted average useful life of the remaining favorable lease term is expected to be 1.0 year.

Intangible liabilities subject to amortization are amortized using straight-line method over their estimated useful lives to their estimated residual value of zero. As of June 30, 2025, the weighted average useful life of the remaining unfavorable lease terms was 0.8 years.