v3.26.1
Commitments and Contingencies
12 Months Ended
Dec. 31, 2025
Commitments And Contingencies  
Commitments and Contingencies

15. Commitments and Contingencies

Charter Hire Receivable

The Company has entered time charters for its vessels. The charter hire is fixed for the duration of the charter. The minimum contracted future charter hire receivable, net of address commissions, not allowing for any unscheduled off-hire, assuming expiry at earliest possible dates and assuming options callable by the Company included in the charters are not exercised, for the 70 vessels as at December 31, 2025 is as follows:

 

Commitments and Contingencies - Charter Hire Receivable (Table)

       
      Amount
December 31, 2026   $ 738,217
December 31, 2027     640,757
December 31, 2028     358,765
December 31, 2029      177,745
December 31, 2030 and thereafter     131,342
Total minimum lease revenue, net of address commissions   $ 2,046,826