The gross charter rate is US$16 000/d, minus a 4.75% commission paid to third parties for a period of 14 – 17 months. The new charter period is expected to commence on 8 July 2018. The m/v Polymnia is currently chartered at a gross charter rate of US$10 100/d, minus a 4.75% commission paid to third parties.
The extension of the time charter contract for Polymnia is expected to generate approximately US$6.72 million of gross revenue for the minimum scheduled period of the time charter extension.
