The average remaining term of the Company's charters at June 30, 2019, to the mid-point of redelivery, including options under owner's control, was 2.9 years on a TEU-weighted basis. Contracted revenue on the same basis was $835.4 million. Contracted revenue was $916.4 million, including options under charterers' control and with latest redelivery date, representing a weighted average remaining term of 3.3 years.
1In instances where a day rate represents commercially sensitive information, an implied Adjusted EBITDA for the charter will be provided until such time as the day rate is disclosable.
2Charterer has exercised its option to extend by 12 months from September 21, 2019 at $18,000 per day.
3GSL Eleni delivered 2Q19; GSL Grania delivered in September 2019 and GSL Kalliopi is scheduled to be delivered later in September. GSL Eleni Chartered for 5 years; GSL Kalliopi and GSL Grania are or will be chartered for 3 years plus 2 x 1 year at option of charterer. Implied Aggregate Adjusted EBITDA of $32 million for firm periods, increasing to $47 million if all options are exercised.
4 The option to extend the charter by 4 years from 1Q20 at $20,000 per day has ben exercised.
5Thereafter, 30-38 months to Maersk Line at implied Adjusted EBITDA of $5.3 million for the median period. Additional 12-month extension at charterer's option, for an additional $4.4 million implied Adjusted EBITDA.
6Thereafter in direct continuation, 21-24 months to ZIM at $14,500 per day.
7Rate increases to $11,500 per day from August 14, 2019.
8Rate increases to $10,000 per day from June 1, 2020.
9Thereafter 6-7 months to MSC at $8,250 per day.
10Thereafter 6-7 months to CMA CGM at $8,500 per day.
11Thereafter 50-90 days to OOCL at $8,700 per day.
12$7,200 per day to between August 16, 2019 and October 16, 2019, at charterer’s option, with an option in favor of charterer to extend from October 16, 2019 at $8,500 per day for six months plus or minus 30 days.
13We have the option to extend to December 31, 2020 plus or minus 90 days, at $9,800 per day.