​

Unfavourable

Unfavourable

Total

​

​

contract rights

​

contract rights

​

Contract

(U.S. Dollars in thousands)

​

Tuva Knutsen

​

Live Knutsen

​

liabilities

Contract liabilities, December 31, 2023

$

—

$

—

$

—

Additions

​

​

(27,628)

​

​

—

​

​

(27,628)

Amortization for the period

​

​

963

​

​

—

​

​

963

Contract liabilities, December 31, 2024

​

​

(26,665)

​

​

—

​

​

(26,665)

Additions

​

​

—

​

​

(24,463)

​

​

(24,463)

Amortization for the period

​

​

1,205

​

​

1,039

​

​

2,244

Contract liabilities, June 30, 2025

​

$

(25,460)

​

$

(23,424)

​

$

(48,884)