Charters

Adjusted to include all charters agreed up to June 9, 2020, the average remaining term of the Company’s charters at March 31, 2020, to the mid-point of redelivery, including options under the Company’s control, was 2.3 years on a TEU-weighted basis. Contracted revenue on the same basis was $700 million. Contracted revenue was $780 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.6 years.

Charter

 

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.

2Approximately $22 mm of Adjusted EBITDA is expected to be generated for the median period remaining on the charter from March 31, 2020.

3Approximately $15 mm of Adjusted EBITDA is expected to be generated for the median period remaining on the charter from March 31, 2020.

4Approximately $7 mm of Adjusted EBITDA is expected to be generated for the median firm period remaining on the charter from March 31, 2020, increasing by approximately $8 mm if the option period is exercised.

5Approximately $1.2 mm of Adjusted EBITDA is expected to be generated in the 80 day charter extension.

6Approximately $10 mm of Adjusted EBITDA is expected to be generated for the median period remaining on the charter from March 31, 2020.

7$12,500 per day to 2Q22, followed by 12 months at option of charterer at $20,000 per day.

8$9,000 per day through 3Q20, followed by 10 months at option of charterer at $10,000 per day.

9$9,000 per day to 3Q20, then $8,000 per day to 4Q20.

10$9,000 per day to 4Q20, then $8,000 per day to 1Q21.

11Pending sale.

12$8,500 per day through April 2020; then new charter to Sea Consortium on confidential terms.

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